News Detail - DIC Assets

DIC Asset AG decides to conduct share buyback


DIC Asset AG / Share Buyback

Release of an 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.

Based on the authorization of the Annual General Meeting of May 14, 2008 the Management Board of DIC Asset AG (German Securities ID 509840 / ISIN DE0005098404) has resolved today to buy back shares of up to 5 % of the share capital, corresponding to up to 1,567,499 shares, via the stock exchange. The shares that are bought back may be used for any purpose set forth in the authorization resolution of the Annual General Meeting of May 14, 2008. This includes in particular the redemption of the shares.
The purchase price per share paid by the company (excluding transaction ancillary costs) may not be more than 10% over or under the price determined on the trading day by the opening auction in the Xetra trading system (or a comparable successor system) on the Frankfurt Stock Exchange.
The buyback shall start on October 10, 2008 and is to be ended on February 10, 2009 at the latest. The buyback will be carried out by a bank commissioned by the company and in accordance with the conditions for trading of the Commission Regulation (EC) No. 2273/2003 of December 22, 2003.

The Supervisory Board has approved the Management Board’s resolution today.


Investor Relations/DIC Asset AG
Ina Lack
Tel. +49 69 9 45 48 58-58
Fax + 49 69 9 45 48 58-99
Grünhof · Eschersheimer Landstraße 223
60320 Frankfurt am Main


09.10.2008  Financial News transmitted by DGAP

 
Language:     English
Issuer:       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), Hannover, Hamburg; Freiverkehr in Berlin, Düsseldorf, München,               Stuttgart
 
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