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DIC Asset AG: Capital increase more than four times oversubscribed

DIC Asset AG / Capital Increase

31.03.2010 21:14

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: Capital increase more than four times oversubscribed

Shareholders of DIC Asset AG (WKN 509840 / ISIN DE0005098404) fully subscribed to all 7,837,499 shares issued under the rights issue resolved on 12 March 2010, by exercising their subscription rights and additional subscription rights. As a result of the rights issue, DIC Asset AG's issued share capital increased from approx. EUR 31.3 million to approx. EUR 39.2 million. The issue proceeds for the Company totalled approx. EUR 47 million.

Given a subscription ratio of 85.3 per cent, 1,154,568 shares were available for additional subscriptions (14.7 per cent). Additional subscription orders were placed for a total of 28,080,416 shares. Due to this high oversubscription any order for additional subscriptions placed effectively will be serviced by 4.11 per cent. Aggregate demand amounted to approx. EUR 209 million; the capital increase in total was thus 4.4 times oversubscribed. Proceeds from the placement are expected to be used to create additional financial headroom and selectively for acquisition opportunities.

The 7,837,499 new shares were offered to shareholders for subscription at a price of EUR 6.00, with a subscription ratio of one new share for each four shares held. The subscription period for the new shares opened on 15 March 2010 and ended on 29 March 2010 as scheduled. Only existing shareholders were eligible to participate in the rights issue; there was no exchange trading of subscription rights. The new shares will be admitted to trading once the capital increase has been entered into the Commercial Register; this is expected to occur on 7 April 2010. The new shares carry full dividend rights for the financial year 2009.

Commerzbank and Morgan Stanley acted 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.

31.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at and

Language:     English
Company:      DIC Asset AG
              Eschersheimer Landstr. 223
              60320 Frankfurt
Phone:        +49 69 9454858-0
Fax:          +49 69 9454858-99
ISIN:         DE0005098404
WKN:          509840
Indices:      S-DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Hannover, Düsseldorf, Stuttgart, Hamburg  
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