News Detail - DIC Assets

Solvia Vermögensverwaltung joins DIC Asset AG as shareholder


DIC Asset AG / Transaction in Own Shares

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.

DIC Asset AG (WKN 509840/ ISIN DE0005098404) announces that solvia Vermögensverwaltung GmbH, from Braunschweig, has joined as a new strategic investor through the purchase of a nearly 5% share stake. DIC Asset AG, which operates on the German commercial real estate market, sold a share block acquired from the recently completed buyback programme to the private asset manager for around EUR 10 million. solvia purchased the approximately 1.5 million shares (4.7 percent stake) at a unit price of EUR 6.50. DIC Asset had acquired the share block during the period from 10 October 2008 to 10 February 2009 at an average price of around EUR 4.90. Previously, solvia held 0.4 percent of the shares in DIC Asset and, in recent years, had fostered business contacts with DIC during direct property transactions. Both parties also agreed on a lock up-clause under which solvia will agree not to sell the share block until the end of 2010.
The new shareholder structure is as follows: DIC Group 39.4%, Morgan Stanley Real Estate Funds 10.4%, solvia Vermögensverwaltung 5.1%, free float 45.1%.

Investor Relations:
Ina Lack
Grünhof · Eschersheimer Landstraße 223
60320 Frankfurt am Main
Fon. +49 69 9454858-58
Fax +49 69 9454858-99
ir@dic-asset.de


20.05.2009  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); Freiverkehr in Berlin, Hannover, Stuttgart, München, Hamburg, Düsseldorf  
End of News DGAP News-Service