DIC Asset AG resolves on capital increase against cash contributions of up to 9.49 percent

Publication of insider information pursuant to Article 17 of Regulation (EU) No. 596/2014

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Frankfurt am Main, 20 January 2020

DIC Asset AG resolves on capital increase against cash contributions of up to 9.49 percent

Today, the management board of DIC Asset AG (the “Company“) has resolved, with the consent of the supervisory board, to increase the Company’s share capital by up to 9.49% by issuing up to 6,857,774 new shares. The statutory subscription rights of the shareholders are excluded. The new shares carry the same rights as the existing shares and will be admitted to trading on the regulated market of the Frankfurt Stock Exchange, with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard).

TTL Real Estate GmbH, which belongs to the Deutsche Immobilien Chancen Group, and the RAG Foundation have agreed to purchase 2,336,248 and 685,777 new shares in the bookbuilding process.

The Company intends to use the expected net proceeds from the offering for the Company’s growth strategy, in particular to finance the acquisitions for the Commercial Portfolio, and for general corporate purposes.

The new shares will be offered for purchase exclusively to institutional investors in a private placement by way of an accelerated bookbuilding (“ABB”) process, which starts immediately following the publication of this disclosure. The order book is expected to close tomorrow, although the Company reserves the right to close the order book at any time. The first trading day of the new shares is expected to be on 24 January 2020. Delivery of the new shares is envisaged for Friday, 24 January 2020. Following the private placement, DIC Asset AG will be subject to a market-standard lock-up period of three months.

Joh. Berenberg, Gossler & Co. KG is acting as Sole Global Coordinator and Sole Bookrunner for the transaction.

Contact:
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Straße 20
60311 Frankfurt am Main
Tel.: (069) 9 45 48 58-14 92

Disclaimer

This document does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of DIC Asset AG.

This document is not intended for distribution, publication, or dissemination in the United States of America, Canada, Australia and Japan or in any other jurisdiction where the offer or the sale of securities of DIC Asset AG is not permitted.

The publication constitutes neither an offer to sell nor a solicitation to submit a quote for the purchase of securities in the United States of America, nor is it part of any such offer or solicitation. The securities referred to herein have not been and will not be registered under the US Securities Act and may not be offered or sold in the United States of America absent registration under the Securities Act as amended or an exemption from the registration requirements of the Securities Act.

This document is only being distributed to and is only directed at persons who (i) are outside the United Kingdom or (ii) are investment professionals falling within Article 19(5) or persons falling within Article 49(2)(a) to (d) of the Financial Services and Markets Act 2000 (Financial Promotion) (all such persons together being referred to as “Relevant Persons”).
The Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons.

Unless expressly stated otherwise, all information, data, assumptions and forward looking statements contained in this document refer to information, data and forecast that were available to DIC Asset AG at the time of publication. In accordance with applicable laws, DIC Asset AG is under no obligation to, and will not, update this document in any form whatsoever.

About DIC Asset AG:

With over 20 years of experience on the German real estate market, DIC Asset AG is represented regionally in all major German markets with six locations and manages 180 properties with a market value of around EUR 7.6 billion (as at 31 December 2019). DIC Asset AG uses its own integrated real estate management platform to leverage potential for value growth and increase earnings throughout the company using an active asset management approach.

In the commercial portfolio segment (EUR 1.9 billion assets under management) DIC Asset AG operates as owner and portfolio holder and generates continuous cash flows from long term stable rental income and the value optimization of its own real estate portfolio.

In the Institutional Business segment (EUR 5.7 billion assets under management), which operates under the name GEG German Estate Group, DIC Asset AG generates income from the structuring and management of investment vehicles with attractive distribution returns for international and national institutional investors.

DIC Asset AG has been listed in the SDAX since June 2006.