DIC Asset AG concludes 2021 scrip dividend with high acceptance rate of 47.27%

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DIC Asset AG concludes 2021 scrip dividend with high acceptance rate of 47.27%

• Acceptance rate of 47.27% again proves high shareholder confidence in company strategy
• Gross proceeds in the amount of c. EUR 19.0 million strengthen equity for future growth
• 1,274,135 new no-par value shares issued (capital increase of +1.6%)

Frankfurt am Main, 19 April 2021. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany’s leading listed property companies, successfully concluded its offer of a scrip dividend for the 2020 financial year with a high acceptance rate of 47.27% (previous year: 40.25%). Expected on 26 April 2021, a total of 1,274,135 new shares with full dividend entitlement will be credited to the securities accounts of DIC Asset AG shareholders, and admitted for trading on the regulated market of the Frankfurt Stock Exchange. Following registration of the capital increase in the commercial register on 16 April 2021, the number of DIC Asset AG shares outstanding now equals 81,861,163 and is thus around 1.6% higher than before. The gross proceeds from the issuance of new shares add up to c. EUR 19.0 million, strengthening the company’s equity base.

“This makes it the fourth time that we successfully offered a scrip dividend. Its acceptance rate of around 47% is clear evidence of our shareholders’ support, filling us with pride and encouragement going forward. The extra boost to our equity base will help us stay on course with our growth course and to retain our ability to act quickly, creatively and reliably on the market,” commented Sonja Wärntges, CEO of DIC Asset AG.

As in previous years, all shareholders were given the choice of receiving all or parts of the dividend of EUR 0.70 per share – as approved by the Annual General Meeting 24 March 2021 – either in cash or in the form of new shares.

In order to cover possible tax obligations, the amount of EUR 0.20 per share will be disbursed on 22 April 2021, regardless of whether a cash or scrip dividend was chosen. That same day, the balance from converting the dividend into shares, if any, will be paid out in cash. Overall, a total of roughly 38 million pro-rata dividend claims in the amount of EUR 0.50 per share were exchanged for 1,274,135 new shares in the company. The subscription price was EUR 14.95 while the subscription ratio was 29.9 to 1.

About DIC Asset AG:

DIC Asset AG is Germany’s leading listed specialist for commercial real estate with more than 20 years of experience on the real estate market and access to a broad-based network of investors. Our business is based on a regional and inter-regional real estate platform with eight offices on the ground in all major German markets. We manage 225 assets with a combined market value of c. EUR 10.3 billion on site, always close to our properties and their occupiers.

The Commercial Portfolio segment (EUR 2.0 billion in assets under management) represents the proprietary real estate portfolio of DIC Asset AG. Here, we generate constant cash flows from stable rent revenues on long-term leases while also optimising the value of our portfolio assets through active management and realising gains from sales.

In the Institutional Business segment (EUR 8.3 billion in assets under management), we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment vehicles that return attractive dividend yields.

DIC Asset AG has been SDAX-listed since June 2006.

IR Contact DIC Asset AG:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Strasse 20
D-60311 Frankfurt am Main
Phone +49 69 9454858-1492
ir@dic-asset.de

This document is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from registration. The subscription rights and Shares referred to in this document have not been and will not be registered under the Securities Act and will not be offered or sold in the United States.