CR Capital’s Distribution of a Stock Dividend And Rights Issue

Heuking Kühn Lüer Wojtek advised CR Capital AG on the deal.

CR Capital AG’s annual meeting resolved the distribution of a dividend of EUR 0.75 per no-par value share entitled to distribution. Shareholders were able to choose whether the dividend should be distributed either exclusively in cash or as a stock dividend, i.e., only for a base dividend portion of EUR 0.21 per share in cash and for the remaining pro-rated dividend entitlement of EUR 0.54 per share in the form of company shares.

A rights issue from authorized capital was subsequently carried out to create the shares required for the stock dividend.

Berlin-based CR Capital AG is a listed investment house that holds and develops companies along the entire real estate value chain. The company projects affordable housing in the suburbs of Berlin and Leipzig for a wide target group of resident owners as well as private and institutional investors.

The Heuking team was led by Dr. Thorsten Kuthe (Picture), together with Meike Dresler-Lenz and Dr. Gero Lingen.

Involved fees earner: Meike Dresler-Lenz – Heuking Kühn Lüer Wojtek; Thorsten Kuthe – Heuking Kühn Lüer Wojtek; Gero Lingen – Heuking Kühn Lüer Wojtek;

Law Firms: Heuking Kühn Lüer Wojtek;

Clients: CR Capital Real Estate AG;