DGAP-News: Court confirms the adequacy of the guaranteed dividend and the size of the settlement offered by TLG IMMOBILIEN to outside shareholders of WCM
DGAP-News: WCM Beteiligungs- und Grundbesitz-AG
/ Key word(s): Mergers & Acquisitions/Real Estate
Court confirms the adequacy of the guaranteed dividend and the size of the settlement offered by TLG IMMOBILIEN to outside shareholders of WCM
25.11.2019 / 07:00
The issuer is solely responsible for the content of this announcement.
Court confirms the adequacy of the guaranteed dividend and the size of the settlement offered by TLG IMMOBILIEN to outside shareholders of WCM
- Shareholder action concerning the guaranteed dividend and the size of the settlement for WCM shareholders dismissed
- In doing so, the court has confirmed the adequacy of the settlement offer made by TLG IMMOBILIEN to the outside shareholders of WCM
- The swap for shares of TLG IMMOBILIEN has increased the expected dividend yield to 3.5%
Frankfurt/Main / Berlin, 25 November 2019 - The district court of Frankfurt/Main has dismissed the action brought by outside shareholders concerning the control agreement between TLG IMMOBILIEN AG (ISIN: DE000A12B8Z4) and WCM Beteiligungs- und Grundbesitz-Aktiengesellschaft as part of the takeover in first instance. In doing so, the court has confirmed the adequacy of the guaranteed dividend of EUR 0.11 per share which was agreed for all minority shareholders of WCM in the control agreement as well as the adequacy of the settlement offer of one no-par value bearer share of TLG IMMOBILIEN for every 5.75 shares of WCM (click here for more details).
All outside shareholders of WCM still have the opportunity to make use of the offer and exchange their WCM shares for TLG IMMOBILIEN shares via their custodian bank. If they do so promptly, the newly created TLG IMMOBILIEN shares will be fully entitled to dividends for 2019. Based on the forecast by TLG IMMOBILIEN, they will therefore profit from the dividend's expected increase to EUR 0.96 per share of TLG IMMOBILIEN. This is equivalent to EUR 0.167 per WCM share, broken down into the WCM share at a ratio of 1 to 5.75. Compared to the guaranteed dividend of EUR 0.11 per share, a swap of WCM shares for TLG IMMOBILIEN shares will allow for a dividend that is over 50% higher and a corresponding increase in dividend yield to 3.5% on the basis of the closing rate on 15 November 2019.
CONTACT
Christoph Wilhelm
Corporate Communications
Phone: +49 30 2470 6355
E-mail: [email protected] |
Oliver Sturhahn
Investor Relations
Phone: +49 30 2470 6089
E-mail: [email protected] |
This publication contains forward-looking statements based on current views and assumptions of WCM AG's management and made to the best of knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause WCM AG's revenues, profitability or the degree to which it performs or achieves its targets, to materially deviate from what is explicitly or implicitly stated or described in this publication. Therefore, persons who obtain possession of this publication should not rely on such forward-looking statements. WCM AG accepts no guarantee or responsibility regarding such forward-looking statements and will not adjust them to future results or developments.
25.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: |
English |
Company: |
WCM Beteiligungs- und Grundbesitz-AG |
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Bleichstr. 64-66 |
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60313 Frankfurt am Main |
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Germany |
Phone: |
+49-30-2470-6089 |
Fax: |
+49-30-2470-7446 |
E-mail: |
[email protected] |
Internet: |
www.wcm.de |
ISIN: |
DE000A1X3X33 |
WKN: |
A1X3X33 |
Listed: |
Regulated Market in Frankfurt (General Standard), Hamburg, Stuttgart; Regulated Unofficial Market in Munich, Tradegate Exchange |
EQS News ID: |
920141 |
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End of News |
DGAP News Service |
920141 25.11.2019
Die wichtigsten Finanzdaten auf einen Blick
|
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
Umsatzerlöse1 |
46,22 |
47,44 |
46,08 |
37,01 |
24,91 |
21,63 |
22,76 |
EBITDA1,2 |
28,00 |
48,70 |
37,43 |
42,95 |
18,72 |
-10,64 |
-27,93 |
EBITDA-Marge3 |
60,58 |
102,66 |
81,23 |
116,05 |
75,15 |
-49,19 |
|
EBIT1,4 |
27,76 |
48,51 |
41,10 |
42,83 |
20,51 |
-10,71 |
-27,97 |
EBIT-Marge5 |
60,06 |
102,26 |
89,19 |
115,73 |
82,34 |
-49,52 |
-122,89 |
Jahresüberschuss1 |
-2,40 |
34,48 |
19,68 |
17,92 |
9,76 |
16,84 |
-23,93 |
Netto-Marge6 |
-5,19 |
72,68 |
42,71 |
48,42 |
39,18 |
77,85 |
-105,14 |
Cashflow1,7 |
20,12 |
21,09 |
19,78 |
12,77 |
3,55 |
-0,39 |
0,79 |
Ergebnis je Aktie8 |
-0,03 |
0,25 |
0,14 |
0,13 |
0,07 |
0,11 |
-0,16 |
Dividende8 |
0,11 |
0,11 |
0,11 |
0,11 |
0,11 |
0,11 |
0,10 |
Quelle: boersengefluester.de und Firmenangaben
Geschäftsbericht 2023 - Kostenfrei herunterladen. ![](/wp-content/uploads/assets/icon/pdf_24x24.png)
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de
Wirtschaftsprüfer: Fair Audit
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INVESTOR-INFORMATIONEN |
©boersengefluester.de |
WCM |
WKN |
Kurs in € |
Einschätzung |
Börsenwert in Mio. € |
A1X3X3 |
1,930 |
Halten |
290,43 |
KGV 2025e |
KGV 10Y-Ø |
BGFL-Ratio |
Shiller-KGV |
21,44 |
23,84 |
0,90 |
13,99 |
KBV |
KCV |
KUV |
EV/EBITDA |
0,74 |
368,57 |
12,76 |
-7,34 |
Dividende '22 in € |
Dividende '23 in € |
Div.-Rendite '23 in % |
Hauptversammlung |
0,11 |
0,11 |
5,70 |
11.07.2024 |
Q1-Zahlen |
Q2-Zahlen |
Q3-Zahlen |
Bilanz-PK |
|
31.08.2024 |
|
27.03.2024 |
Abstand 60Tage-Linie |
Abstand 200Tage-Linie |
Performance YtD |
Performance 52 Wochen |
-2,23% |
-1,08% |
-5,39% |
-14,60% |
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