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Lufthansa shareholders get around 2.4 million new shares as dividend

Lufthansa shareholders get around 2.4 million new shares as dividend

Deutsche Lufthansa AG offered its shareholders the option of receiving their dividend of EUR 0.80 per share in the form of new shares in the Company. The opportunity was selected for around 100 million shares. Corresponding to a participation rate of about 21 percent.

At a subscription ratio of 41,7:1, a total of about 2.4 million new shares will be issued, which would have corresponded to a cash dividend of 55.9 million euros. The cash payment amounts to approximately EUR 321 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 11 June 2018.

The payment of the cash dividend takes place on 8 June 2018 already and also the payment of the settlement of fractional shares.

Deutsche Lufthansa AG, commonly known as Lufthansa, is the largest German airline and, when combined with its subsidiaries, also the largest airline in Europe both in terms of fleet size and passengers carried during 2017. The name of the company is derived from the German word, Luft ‘air’ and Hansa, the Hanseatic League. The airline is one of the five founding members of Star Alliance, the world’s largest airline alliance, formed in 1997.

Besides its own services, and owning subsidiary passenger airlines Austrian Airlines, Swiss International Air Lines, Brussels Airlines, and Eurowings including Germanwings (referred to in English by the company as its Passenger Airline Group), Deutsche Lufthansa AG owns several aviation-related companies, such as Lufthansa Technik, as part of the Lufthansa Group. In total, the group has over 600 aircraft, making it one of the largest airline fleets in the world.

The company’s registered office and corporate headquarters are in Cologne. The main operations base, called Lufthansa Aviation Center, is at the airline’s primary hub at Frankfurt Airport, and its secondary hub is at Munich Airport.