DIC Asset AG / Capital Increase
31.03.2010 21:15
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.
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DIC Asset AG: Capital increase more than four times oversubscribed
NOT FOR DISTRIBUTION IN THE UNITED STATES
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 21:15 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: DIC Asset AG
Eschersheimer Landstr. 223
60320 Frankfurt
Deutschland
Phone: +49 69 9454858-0
Fax: +49 69 9454858-99
E-mail: info@dic-asset.de
Internet: www.dic-asset.de
ISIN: DE0005098404
WKN: 509840
Indices: S-DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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DGAP-Adhoc: DIC Asset AG: Capital increase more than four times oversubscribed
| Source: EQS Group AG