DGAP-News DIC Asset AG: High Acceptance Rate for the 2020 Scrip Dividend Reaffirms Shareholder Faith in Company's Future Development
DGAP-News: DIC Asset AG / Key word(s): Dividend
DIC Asset AG: High Acceptance Rate for the 2020 Scrip Dividend Reaffirms Shareholder Faith in Company's Future Development
- At 40.25%, acceptance of scrip dividend matches high levels of previous years
- Gross proceeds in the amount of c. EUR 16.2 million strengthen equity basis for future business growth
- 1,515,479 new no-par value shares issued (capital increase of +1.9%)
Frankfurt am Main, 23 September 2020. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, successfully closed the offer of a scrip dividend, as it had done in prior years, this time achieving an acceptance rate of 40.25%. A total of 1,515,479 new no-par value shares with full dividend entitlement for the 2020 financial year were issued, which will be credited to the DIC Asset AG shareholders' securities accounts as of 29 September 2020. Trading of the new shares on the regulated market of the Frankfurt Stock Exchange will start on the same day. The issuance of the new shares increases the number of DIC Asset AG shares outstanding by around 1.9%, up to a total of 80,587,028.
"We interpret the fact that the acceptance rate was once again so high as a positive signal from our shareholders, indicating their continued support and encouragement for the company's growth course, especially during this year under the sign of the Covid-19 pandemic. The scrip dividend provides DIC Asset AG with c. EUR 16 million in equity capital that will be used as an additional financing component for the planned growth," said CEO Sonja Wärntges as she commented on the successful closing of the offer.