Brief: Petrus Advisers opposes CA Immo special dividend plan by injunction

CA Immobilien Anlagen AG

10/12/2021 15:47

Dec 10 (Reuters) - Petrus Advisers:
    * PETRUS ADVISERS SAYS HAS, BY MEANS OF A PROVISIONAL
INJUNCTION,
REQUESTED THAT CA IMMO STOP THE PROCESS OF PAYING OUT THE
EXTRAORDINARY DIVIDEND OF 2.50 EUR PER SHARE PLANNED FOR 15
DECEMBER 2021
    * PETRUS ADVISERS SAYS EXTRAORDINARY CA IMMO DIVIDEND WILL
TRIGGER
VERY SIGNIFICANT WITHHOLDING TAX OF UP TO 27.5% FOR MOST
MINORITY INVESTORS
    * PETRUS ADVISERS SAYS NEGATIVE TAX EFFECTS FOR MINORITY
SHAREHOLDERS CAN HOWEVER BE AVOIDED IF CA IMMO WERE TO USE A
CAPITAL REDUCTION FOR THE DIVIDEND PAYMENT
    * PETRUS ADVISERS SAYS WE DEMAND THAT THE MANAGEMENT TEAM
AND
SUPERVISORY BOARD OF CA IMMO URGENTLY INITIATE A CAPITAL
REDUCTION

Further company coverage:  CAIV.VI 

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