DIC Asset AG to increase capital, to finance further corporate development
DIC Asset AG / Capital Increase
Dissemination 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) will increase its issued share capital, from EUR 31,349,999 shares to up to 39,187,498 shares. Based on its stable development the Company expands its financial scope and make use of selected acquisition opportunities by issuing new shares. Up to 7,837,499 new shares will be offered to shareholders for subscription at a price of EUR 6.00, and subject to a subscription ratio of one new share for each four shares held. The Company's existing share capital will thus be increased by up to 25 per cent. With the rights issue, the Company has partially exercised the authorised capital resolved by the annual general meeting on 6 June 2007, and will realise issue proceeds of maximal up to EUR 47 million.
The subscription period for the new shares will commence on 15 March 2010 and end on
29 March 2010. The new shares carry full dividend rights for the financial year 2009 for which a dividend of EUR 0.30 per share is proposed. The Company's existing shareholders are exclusively eligible to subscribe to this rights issue. There are no plans for trading in subscription rights.
Any new shares not subscribed within the framework of the rights issue will only be made available for subscription by existing shareholders, at the issue price, by way of an additional allocation. Binding offers for any such additional allocation may be submitted during the subscription period.
Of the principal shareholders, DIC - Deutsche Immobilien Chancen-Group (Deutsche Immobilien Chancen AG & Co. KGaA and subsidiaries), Frankfurt/Main, and solvia Vermögensverwaltungs GmbH, Wolfenbüttel, covenant to exercise all subscription rights vested for them, and to subscribe to a total of 3,486,287 new shares within the framework of the rights issue, at the issue price.
Proceeds from the placement are expected to be used to create additional financial headroom as well as for selected acquisition opportunities.
Commerzbank and Morgan Stanley have been mandated as joint lead managers.
This document is not an offer of securities for sale nor the solicitation of an offer to purchase securities in the United States or in any other jurisdiction where such offer may be restricted. Securities may not be offered or sold in the United States unless they are registered under the U.S. Securities Act of 1933, as amended (the 'U.S. Securities Act'), or exempt from registration. The securities of DIC Asset AG referred to in this press release have not been, and are not being, registered under the U.S. Securities Act, and will not be offered or sold in the United States, except on the basis of applicable exemptions from registration. There will be no public offering of securities in the United States or in any other jurisdiction.
This communication is directed only at persons who: (i) are qualified investors within the meaning of the Financial Services and Markets Act 2000 (as amended) and any relevant implementing measures; and/or (ii) are outside the United Kingdom; and/or (iii) have professional experience in matters relating to investments who fall within the definition of 'investment professionals' contained in article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the 'Order'), or are persons falling within article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc) of the Order, or fall within another exemption to the order (all such persons referred to in (i) to (iii) above 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.
12.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de
Company: DIC Asset AG
Eschersheimer Landstr. 223
Phone: +49 69 9454858-0
Fax: +49 69 9454858-99
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hannover, Düsseldorf, Stuttgart, Hamburg
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