Vonovia SE: AGM approves €0.90 dividend

• €0.90 per share combines dividend continuity and capital discipline.
• Birgit M. Bohle elected to Supervisory Board

Bochum, May 8, 2024 – Vonovia SE (“Vonovia”) today held its Annual General Meeting for the 2023 financial year. Shareholders approved the proposal of the Management Board and the Supervisory Board to pay a €0.90 dividend per share (2023: €0.85). Compared with the previous year, this was a 6% increase and continues to be a good balance between capital discipline and a reasonable proportion of the company’s earnings. Once again, shareholders could choose between traditional cash dividends and scrip dividends.

Furthermore, the shareholders of Vonovia elected Birgit M. Bohle as a new Member of the Supervisory Board. Being a proven expert in law, sustainability, and digitisation, she succeeds Christian Ulbrich, whose term of office automatically came to an end at today’s AGM. This means that the proportion of female members on the Supervisory Board, which is designed as a staggered board, is now 60%.

“I’d like to extend a warm welcome to Birgit Bohle, and I look forward to working with her. We’re still living in challenging times, and so I’m all the more pleased that, by gaining Birgit Bohle, we are continuing to widen our expertise in two important fields of action: digitisation and sustainability. With a majority of female members representing this Board, we’ve underlined our commitment to more diversity on supervisory boards and in management positions,” says Clara C. Streit, Chair of the company’s Supervisory Board. 

All current and former Members of the Management Board and the Supervisory Board were discharged by a large majority. 
PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft in Frankfurt were appointed as auditors for the current financial year. The Supervisory Board will submit the remuneration system to the Annual General Meeting again in 2025 for a vote.

At the time of the vote, the number of shareholders present was 68.67% (2023: 68.08%).

The detailed voting results of the Annual General Meeting are published at https://www.vonovia.com/hv. Supplementary material on the Annual General Meeting is also available at https://www.vonovia.com/presse/hv.