DIC Asset AG sets the Offer and Subscription Price for the New Shares at Euro 22
DIC Asset AG / IPO
Ad-hoc-Announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
DIC Asset AG (German Securities Code Number (WKN) 509840 / ISIN DE0005098404) has today set, together with Deutsche Bank Aktiengesellschaft and Morgan Stanley Bank AG, the offer and subscription price for the new shares from its capital increase at Euro 22. The price applies to the 8,635,022 offered shares (in respect of which the Company's principal shareholders have waived their subscription rights), as well as for the 925,000 shares made available by existing shareholders to the underwriting syndicate for a potential over-allotment (the 'Greenshoe Shares”). The offering was more than ten times oversubscribed, and all offered shares (including the Greenshoe Shares) were fully allotted. The start of trading of the new shares is scheduled for May 8, 2006 in the Official Market segment (Prime Standard) of the Frankfurt Stock Exchange.
The price of Euro 22 also applies to the subscription of 1,534,978 new shares. Existing shareholders who have not waived their subscription rights will be able to subscribe at this price at a ratio of 1:1. The subscription period will commence on May 8, 2006 (from which date subscription rights will be traded on the exchange) and will end on May 22, 2006. Assuming full placement of the new shares at an offer and subscription price of Euro 22 per new share, the expected net issue proceeds of DIC Asset AG will amount to around Euro 214 million.
This publication constitutes neither an offer to sell nor a solicitation to buy securities of DIC Asset AG. The offer is being made solely by means of, and on the basis of, the published securities prospectus (including any supplements thereto, if any). An investment decision regarding the publicly offered securities of DIC Asset AG should only be made on the basis of the securities prospectus. The securities prospectus is available free of charge from Deutsche Bank AG, Große Gallusstraße 10-14, 60311 Frankfurt am Main or Morgan Stanley Bank AG, Junghofstraße 13-15, 60311 Frankfurt am Main or on the DIC Asset AG website (www.dic-asset.de). This document does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. It is not intended to register any portion of the offering in United States or conduct a public offering of securities of DIC Asset AG in the United States.This communication is directed only at persons (I) who are outside the United Kingdom or (II) who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the 'Order') or (III) who fall within article 49(2)(a) to (d) ('high net worth companies, unincorporated associations etc.') of the Order (all such persons together being referred to as 'Relevant Persons'). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
DIC Asset AG
Grünhof · Eschersheimer Landstraße 223
60320 Frankfurt am Main
Fon. (069) 27 40 33-10
Fax (069) 27 40 33-70
company: DIC Asset AG
Eschersheimer Landstr. 223
60320 Frankfurt Deutschland
phone: 069 / 274033-0
fax: 069 / 274033-69
stockmarkets: Freiverkehr in Berlin-Bremen, München, Stuttgart; Open Market in Frankfurt
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