KfW receives new shares in the course of Deutsche Telekom AG’s scrip dividend

Upon exercise of rights to receive this year’s dividend in shares, KfW’s total ownership interest in Deutsche Telekom AG amounts to approximately 819 million ordinary registered shares of Deutsche Telekom AG (prior to exercising subscription rights: 803.9 million).

On 25 May 2016, the shareholders’ meeting of Deutsche Telekom AG resolved to pay out a dividend of EUR 0.55 per share for 2015. As in the three previous years, shareholders were able to choose whether to have the dividend paid out in cash or in shares. Based on the subscription price of EUR 14.685, which was deemed to be a worthwhile offer by the Federal Government of Germany (Bund) and KfW, both Bund and KfW received new shares from the scrip dividend.

The combined stake in Deutsche Telekom AG held by KfW and the Federal Republic of Germany increases to approximately 32 % (previously: 31.8 %). After the scrip dividend, KfW’s stake in Deutsche Telekom AG amounts to approximately 17.5 %, the stake of the Federal Republic of Germany to approximately 14.5 %.