Lufthansa Shareholders Get 1.5 Million New Shares As Dividend

Deutsche Lufthansa AG offered its shareholders the option of receiving their dividend of EUR 0.50 per share in the form of new shares in the Company. The opportunity was selected for around 68 million shares.

At a subscription ratio of 46.4:1, a total of about 1.5 million new shares will be issued.

The cash payment amounts to approximately EUR 211 million.

After the entry of the capital increase in the commercial register is completed, the new shares will be listed at the stock exchange and will be posted to the depositary accounts of the shareholders, presumably on 7 June 2017. The payment of the cash dividend takes place on 6 June 2017 already and also the payment of the settlement of fractional shares.

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Source: Lufthansa Group Press Release

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