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    DIC   DE000A1X3XX4

DIC ASSET AG

(DIC)
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PRESS RELEASE: DIC Asset AG concludes 2021 scrip dividend with high acceptance rate of 47.27%

04/19/2021 | 01:31am EDT
DGAP-News: DIC Asset AG / Key word(s): Dividend 
DIC Asset AG concludes 2021 scrip dividend with high acceptance rate of 47.27% 
2021-04-19 / 07:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Press Release 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA 
OR JAPAN 
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. 
 
=---------------------------------------------------------------------------------------------------------------------- 
2021-04-19 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      DIC Asset AG 
              Neue Mainzer Straße 20 
              60311 Frankfurt am Main 
              Germany 
Phone:        +49 69 9454858-1492 
Fax:          +49 69 9454858-9399 
E-mail:       ir@dic-asset.de 
Internet:     www.dic-asset.de 
ISIN:         DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9 
WKN:          A1X3XX, A12T64, A2GSCV, A2NBZG 
Indices:      S-DAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange 
EQS News ID:  1185899 
 
End of News   DGAP News Service 
=------------ 

1185899 2021-04-19

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1185899&application_name=news 
 

(END) Dow Jones Newswires

April 19, 2021 01:31 ET (05:31 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DAX 0.16% 15568.73 Delayed Quote.13.31%
DIC ASSET AG -0.72% 15.13 Delayed Quote.13.22%
DJ INDUSTRIAL -0.28% 34838.16 Delayed Quote.14.14%
SDAX 0.11% 16549.92 Delayed Quote.11.96%
SDAX PERFORMANCE INDEX 9:00-20:00 -0.10% 16502.74 Delayed Quote.11.70%
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Financials
Sales 2021 101 M 120 M 120 M
Net income 2021 78,7 M 93,5 M 93,5 M
Net Debt 2021 1 230 M 1 460 M 1 460 M
P/E ratio 2021 16,4x
Yield 2021 4,77%
Capitalization 1 219 M 1 449 M 1 448 M
EV / Sales 2021 24,2x
EV / Sales 2022 23,9x
Nbr of Employees 272
Free-Float 55,3%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 9
Last Close Price 15,24 €
Average target price 19,17 €
Spread / Average Target 25,8%
EPS Revisions
Managers and Directors
Sonja Wńrntges Chief Executive Officer
Gerhard Schmidt Chairman-Supervisory Board
Johannes von Mutius Chief Investment Officer
Ulrich Reuter Member-Supervisory Board
Eberhard Vetter Member-Supervisory Board
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