DIC Asset AG Annual General Meeting: Sales and lettings improve

DIC Asset AG / AGM/EGM/Miscellaneous

05.07.2010 14:18

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DIC Asset AG Annual General Meeting: Sales and lettings improve

At today's Annual General Meeting of DIC Asset AG (WKN 509840/ ISIN
DE0005098404) in Frankfurt, which ended at 1:00p.m., the CEO, Ulrich
Höller, gave an initial assessment of business development so far in 2010. 

DIC Asset AG has to date been able to achieve sales volumes of some EUR 40
million and a letting volume of approximately 100,000 sqm of commercial
premises (renewed leases: some 56,000 sqm, new leases: some 44,000 sqm).

This represents a further increase in renewed leases compared with the
first quarter of 2010 and a clear rise in letting performance (Q1 2010:
31,000 sqm). CEO Ulrich Höller pointed out that DIC Asset AG has been
experiencing a bottoming-out in the market for several weeks and is seeing
the first signs of an improved market performance. The company is still
expecting a tough market environment, though with increasing take-up of
space and decreasing rental incentives.

The Annual General Meeting with a capital presence of 73 per cent approved
all the management items on the agenda with a large majority (the
individual voting results can be found in the table). In addition to the
payment of a dividend of EUR 0.30 per share, the focus of the resolutions
was on the creation of approved capital to the amount of EUR 19.5 million.

Agenda item                                                  For   Against
1. Approval of the Annual Financial Statements (no vote
2. Appropriation of net profits                              99,9  0,1
3. Ratification of the actions of the Management Board       99,5  0,5
4.1. Ratification of the actions of the Chairman of the      98,7  1,3
Supervisory Board
4.2 Ratification of the actions of the Members of the        99,4  0,6
Supervisory Board
5. Election of the auditors for 2010                         99,9  0,1
6.1 Election of Russell Platt to the Supervisory Board       89,5  10,5
6.2 Election of Bernd Wegener to the Supervisory Board       99,9  0,1
7. Cancellation of the authorisation to acquire treasury     99,6  0,4
8. Creation of new authorised capital                        82,7  17,3
9. Creation of new conditional capital                       88,5  11,5

Further information about DIC Asset AG can be found on the Internet at www.dic-asset.de. About DIC Asset AG Established in 2002, DIC Asset AG, with registered office in Frankfurt am Main, is a real estate company with a dedicated investment focus on investing in commercial real estate in Germany, pursuing a return-oriented investment policy. Real estate assets under management amount to approximately EUR 3.2 billion. DIC Asset AG's real estate portfolio includes around two million sqm of floor space, spread over 316 properties. The portfolio is divided into three segments: the Core plus portfolio includes the proprietary portfolio held on a long-term basis and offering stable, attractive rental yields; the Value-Added portfolio contains real estate with promising performance potential over the medium term; while the Opportunistic Co-Investments portfolio is comprised of real estate investments that have a more pronounced risk/return profile, which are placed with third parties following a repositioning under an individual business plan. DIC Asset AG has been listed on the SDAX index since June 2006. Investor Relations & Corporate Communications: Immo von Homeyer Eschersheimer Landstraße 223 60320 Frankfurt am Main Phone +49-69-9454858-86 Fax +49-69-9454858-99 i.vonhomeyer@dic-asset.de 05.07.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: DIC Asset AG Eschersheimer Landstr. 223 60320 Frankfurt Deutschland Phone: +49 69 9454858-0 Fax: +49 69 9454858-99 E-mail: info@dic-asset.de Internet: www.dic-asset.de ISIN: DE0005098404 WKN: 509840 Indices: S-DAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hannover, Düsseldorf, Stuttgart, Hamburg End of News DGAP News-Service ---------------------------------------------------------------------------