News Detail - DIC Assets

DIC Asset AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

DIC Asset AG
10.12.2019 / 11:19
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

With reference to the voluntary group notification of voting rights pursuant to Article 33 et seq. WpHG (German Securities Trading Act) by Prof. Dr. Gerhard Schmidt on 15 November 2019, GCS Beteiligungs GmbH (the 'Notifying Party') notified DIC Asset AG in accordance with Article 43 Section 1 WpHG (German Securities Trading Act) on 9 December 2019 as follows:

a) The investment serves the implementation of strategic objectives.

b) Depending on the market conditions and the business situation of DIC Asset AG, the Notifying Party intends as the case may be to acquire further voting rights within the next 12 months by acquisition or in any other way.

c) The Notifying Party seeks to influence the composition of the issuer's administrative, management and/or supervisory bodies.

d) The Notifying Party does not intend to significantly change the capital structure of the DIC Asset AG, in particular with regard to the ratio of equity and debt financing and the dividend policy.

With regard to the origin of the funds used for the acquisition of voting rights, GCS Beteiligungs GmbH notified us in accordance with Article 43 Section 1 Sentence 4 WpHG (German Securities Trading Act) that the acquisition of voting rights in the issuer by GCS Beteiligungs GmbH was solely a result of the attribution of voting rights in accordance with Article 34 WpHG (German Securities Trading Act), so that neither equity nor borrowed funds were used to finance the acquisition of voting rights.

10.12.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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