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PATRIZIA Immobilien AG plans stock dividend

Capital increase from company funds planned in a ratio of 10:1

Augsburg, 16 March 2016. The Supervisory Board and the Managing Board of PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) have decided to propose to the Annual General Meeting on 16 June 2016 to fully carry forward the unappropriated profit of EUR 204.1 million for the fiscal year 2015 to the new account. Like in previous years and in order to further increase the liquidity of the company’s share, new shares in a ratio of 10:1 will be issued. Technically spoken, share capital will be increased by converting capital reserves. Each PATRIZIA shareholder will receive one additional new share (bonus share) for every ten existing shares. The shareholders will not be required to make any contribution. 

If the Annual General Meeting of PATRIZIA approves the proposal, the capital increase will be executed by issuing 7,632,354 new registered no-par value shares. This will have no influence on the amount of the shareholders’ funds since it merely constitutes a reclassification of components within shareholders’ funds. The share capital will increase from a current total of EUR 76,323,533 to EUR 83,955,887, split up into 83,955,887 no-par value shares. The new shares will carry dividend rights from the beginning of the 2016 fiscal year. The issuances of bonus shares for the 2011 to 2014 fiscal years were very well received and increased the liquidity of the company’s shares significantly. 

The retained funds will be used to invest in PATRIZIA’s continued sustainable growth, for example by expanding European activities and making attractive investments. 

The Managing Board
Augsburg, 16 March 2016

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