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PRESS RELEASE: Vonovia SE: Vonovia requests initiation of compulsory acquisition of minority shares in Victoria Park

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DGAP-News: Vonovia SE / Key word(s): Squeeze Out
Vonovia SE: Vonovia requests initiation of compulsory acquisition of
minority shares in Victoria Park (news with additional features)

2019-05-24 / 09:05
The issuer is solely responsible for the content of this announcement.

*Vonovia requests initiation of compulsory acquisition of minority shares in
Victoria Park *

- Vonovia has requested the initiation of a compulsory acquisition
proceeding to acquire all remaining shares in Victoria Park.

- The Board of Directors of Victoria Park has resolved to apply for a
delisting of the ordinary class A and class B shares in Victoria Park.

- The Board of Directors of Victoria Park has resolved to convene an
Extraordinary General Meeting for the purpose of resolving to redeem all
outstanding preference shares.

_Bochum, May 24, 2019 - _Vonovia SE ("Vonovia") previously announced that
Vonovia has exercised call options, resulting in a shareholding exceeding 90
per cent of the shares and votes in Victoria Park AB (publ) ("Victoria
Park").

Vonovia has requested that the Board of Directors of Victoria Park shall
initiate a compulsory acquisition proceeding for the remaining shares in
Victoria Park in ac-cordance with the Swedish Companies Act (Sw.
aktiebolagslagen (20 05:55 1)). Vonovia con-trols approximately 91.4 per cent
of the total number of shares in Victoria Park.

As a consequence of Vonovia controlling more than 90 per cent of the shares
in Victoria Park, and the request from Vonovia to initiate a compulsory
acquisition proceeding for all remaining shares in Victoria Park, the Board
of Directors of Victoria Park has resolved to apply for delisting of the
Victoria Park ordinary shares of class A and class B from Nasdaq Stockholm.
The last day of trading in the class A and class B shares on Nasdaq
Stockholm is expected to be on or around 17 June 2019.

The Board of Directors of Victoria Park has resolved to propose an
Extraordinary General Meeting to resolve on a redemption of all 1,032,047
preference shares, in accordance with section 5.4 of the Articles of
Association, for a redemption price of SEK 300 per preference share.

*About Vonovia*

Vonovia SE is Europe's leading private residential real estate company.
Vonovia currently owns around 395,000 residential units in all attractive
cities and regions in Germany, Austria and Sweden. It also manages around
79,000 apartments. Its portfolio is worth approximately EUR 44.5 billion. As
a modern service company, Vonovia focuses on customer orientation and tenant
satisfaction. Offering tenants affordable, attractive and livable homes is a
prerequisite for the company's successful development. Accordingly, Vonovia
makes long-term investments in the maintenance, modernization and
senior-friendly conversion of its properties. The company is also creating
more and more new apartments by realizing infill developments and adding to
existing buildings.

The company, which is based in Bochum, has been listed on the stock exchange
since 2013 and on the DAX 30 since September 2015. Vonovia SE is also listed
on the international indices STOXX Europe 600, MSCI Germany, GPR 250 and
EPRA/NAREIT Europe. Vonovia has a workforce of approximately 10,000
employees.

*Additional Information: *
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Common code: 094567408
Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court,
HRB 16879
Business address of Vonovia SE: Universitätsstrasse 133, 44803 Bochum,
Germany

This press release has been issued by Vonovia SE and/or its subsidiaries
solely for information purposes. This press release may contain statements,
assumptions, opinions and predictions about the anticipated future
development of Vonovia ("forward-looking statements") that reproduce various
assumptions regarding, e.g., results derived from Vonovia's current business
or from publicly available sources that have not been subject to an
independent audit or in-depth evaluation by Vonovia and that may turn out to
be incorrect at a later stage. All forward-looking statements express
current expectations based on the current business plan and various other
assumptions and therefore come with risks and uncertainties that are not
insignificant. All forward-looking statements should not therefore be taken
as a guarantee for future performance or results and, furthermore, do not
necessarily constitute exact indicators that the forecast results will be
achieved. All forward-looking statements relate solely to the day on which
this press release was issued to its recipients. It is the responsibility of
the recipients of this press release to conduct a more detailed analysis of
the validity of forward-looking statements and the underlying assumptions.
Vonovia accepts no responsibility for any direct or indirect damages or
losses or subsequent damages or losses, as well as penalties that the
recipients may incur by using the press release, its contents and, in
particular, all forward-looking statements or in any other way, as far as
this is legally permissible. Vonovia does not provide any guarantees or
assurances (either explicitly or implicitly) in respect of the information
contained in this press release. Vonovia is not obliged to update or correct
the information, forward-looking statements or conclusions drawn in this
press release or to include subsequent events or circumstances or to report
inaccuracies that become known after the date of this press release.

Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=TJBINLOBOT [1]
Document title: Vonovia requests initiation of compulsory acquisition of
minority shares in Victoria Park

2019-05-24 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.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Vonovia SE
Universitätsstraße 133
44803 Bochum
Germany
Phone: +49 234 314 1609
Fax: +49 234 314 2995
E-mail: investorrelations@vonovia.de
Internet: www.vonovia.de
ISIN: DE000A1ML7J1
WKN: A1ML7J
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 815483

End of News DGAP News Service

815483 2019-05-24


1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=6deedcaabf6e3feb6c25cf0c01509857&application_id=815483&site_id=vwd&application_name=news


(END) Dow Jones Newswires

May 24, 2019 03:05 ET ( 07:05 GMT)
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Passende Hebelprodukte von

WKN Bezeichnung Hebel
Long  DC1MZR VONOVIA WaveUnlimited L 41.7291 (DBK) 6,575
Short  DS6FA1 VONOVIA WaveXXL S 51.7 (DBK) 7,059
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