25.11.2019 TLG IMMOBILIEN AG  DE000A12B8Z4

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: TLG IMMOBILIEN 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%

Berlin/ Frankfurt/Main, 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.


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]


For over 25 years, the listed company TLG IMMOBILIEN AG has owned and rented out commercial properties in selected promising locations in Germany. The company continuously develops its portfolio and actively generates value through strategic investments and selected property acquisitions. As at 30 September 2019, its portfolio contains properties worth EUR 4.6 bn. As at the same reporting date, the adjusted EPRA Net Asset Value per share amounted to EUR 30.25. The portfolio comprises office properties in cities including Berlin, Dresden, Frankfurt/Main, Leipzig and Rostock. It also contains a regionally diversified portfolio of retail properties, primarily in the neighbourhood shopping segment, in promising micro-locations as well as seven hotels in top central locations. The properties of TLG IMMOBILIEN AG stand out not only due to their excellent locations but also because of their long-term rental or lease agreements. Its highly qualified employees guarantee extensive local market expertise at its individual locations.

This publication contains forward-looking statements based on current views and assumptions of TLG IMMOBILIEN 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 TLG IMMOBILIEN 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. TLG IMMOBILIEN 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.

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Language: English
Hausvogteiplatz 12
10117 Berlin
Phone: 030 - 2470 - 50
Fax: 030 - 2470 - 7337
E-mail: [email protected]
Internet: www.tlg.de
ISIN: DE000A12B8Z4
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 920129

End of News DGAP News Service

920129  25.11.2019 


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 168,31 223,89 229,77 216,94 172,68 203,20 0,00
EBITDA1,2 128,02 173,92 828,27 285,40 180,19 213,20 0,00
EBITDA-Marge3 76,06 77,68 360,48 131,56 104,35 104,92
EBIT1,4 346,16 561,05 826,54 645,35 366,86 211,30 0,00
EBIT-Marge5 205,67 250,59 359,73 297,48 212,45 103,99 0,00
Jahresüberschuss1 284,37 310,95 578,32 492,30 315,05 55,25 0,00
Netto-Marge6 168,96 138,89 251,70 226,93 182,45 27,19 0,00
Cashflow1,7 100,68 161,88 131,92 140,62 156,52 180,98 0,00
Ergebnis je Aktie8 3,56 2,99 5,30 4,61 3,12 0,41 0,57
Dividende8 0,82 0,91 0,96 1,02 0,94 0,93 0,80
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
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

TLG Immobilien
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A12B8Z 15,000 Halten 1.696,81
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,04 14,95 0,87 5,72
0,63 9,38 8,35 13,35
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
0,93 0,00 0,00 04.07.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
- - - 29.03.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
1,17% -2,11% 0,00% -28,23%
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Immobilien (Gewerbe) , A12B8Z , TLG , HAM:TLG