16.03.2018
DIC Asset AG DE000A1X3XX4
DGAP-News: Annual General Meeting of DIC Asset AG Approves Dividend in a Total Amount of EUR 0.64 per Share
DGAP-News: DIC Asset AG / Key word(s): AGM/EGM
Annual General Meeting of DIC Asset AG Approves Dividend in a Total Amount
of EUR 0.64 per Share
16.03.2018 / 15:59
The issuer is solely responsible for the content of this announcement.
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Press Release
Annual General Meeting of DIC Asset AG Approves Dividend in a Total Amount
of EUR 0.64 per Share
- Dividend raised by 10 percent to EUR 0.44 per share for 2017- plus
additional disbursement of a special dividend of EUR 0.20 per share
- First-time offer of a scrip dividend
- All agenda items approved by a large majority
- Eberhard Vetter joins the supervisory board
- Management board confirms forecast for 2018 (FFO: EUR 62 - 64 million)
Frankfurt/Main, 16 March 2018. During its annual general meeting in
Frankfurt/Main, DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) resolved to
increase its dividend by 10 percent and distribute EUR 0.44 per share plus a
special dividend in the amount of EUR 0.20 per share for the 2017 financial
year (2016: EUR 0.40). This adds up to a dividend total of EUR 0.64 per
share. Once again, DIC Asset AG is therefore distributing an increased
dividend to its shareholders while maintaining its continuity of dividends.
For the first time, shareholders will also have the option to choose between
the payment of a cash dividend and a scrip dividend. Based on the year-end
share price, the dividend yield exceeds 6 percent.
Sonja Wärntges, CEO of DIC Asset AG: "With its hybrid business model and its
diversified income structure - stable revenues from the Commercial
Portfolio, plus the steadily growing income from property management
services - DIC Asset AG has been, and continues to be, very well positioned.
The outperforming key ratios of the 2017 financial year, as well as the wide
margin by which we cleared our stated profit targets, suggest as much."
In her keynote, the CEO not only presented the figures for the financial
year concluded, but also provided an outlook for the ongoing 2018 financial
year.
"We still see considerable potential in our business divisions that we will
raise to keep increasing our revenues, and our plans call for continued
growth in 2018. Specifically, we anticipate an FFO of EUR 62 to 64 million
and an elevated volume of EUR 450 to 500 million in acquisitions that are
primarily earmarked for the expansion of our fund business," said Wärntges.
Moreover, DIC Asset AG intends to keep optimising its Commercial Portfolio,
to increase its revenues from real estate management on behalf of third
parties, and to consolidate its evolving role as a trading platform in the
investment fund business.
The sustainable development potential of DIC Asset AG's hybrid business
model was confirmed by the banks and by the capital market just last week
when a corporate bond from 2017 was successfully tapped by another EUR 50
million and the new units were swiftly placed.
With around 60.4 percent of the share capital represented, the Annual
General Meeting approved the senior management's proposals for all agenda
items with large majorities (for a breakdown of the voting results, please
see the table). Following the retirement of Michael Bock at his own request,
Eberhard Vetter was appointed to the Supervisory Board for the remainder of
his regular term, which will end in 2022.
Agenda item Consent in percent
1. Presentation of 2017 annual accounts No vote
2. Appropriation of net retained profits 99.9993
3. Discharge of the Management Board 99.5394
4. Discharge of the supervisory board
4.1 Discharge of the Supervisory Board chairman 97.7248
4.2 Discharge of the Supervisory Board 98.8990
5 Election of an auditor for 2018 84.9488
6 Election to the Supervisory Board
6.1 Eberhard Vetter 75.0562
For more details on DIC Asset AG, visit the company's homepage at
www.dic-asset.de.
Investor Relations & Corporate Communications:
DIC Asset AG
Nina Wittkopf
Head of Investor Relations & Corporate Communications
Neue Mainzer Strasse 20 - MainTor
D-60311 Frankfurt am Main
Phone +49 69 9454858-1462
Fax +49 69 9454858-9399
[1][email protected]
1. mailto:[email protected]
About DIC Asset AG:
DIC Asset AG is one of Germany's leading listed property companies, and
specialises in commercial real estate With around 20 years of experience on
the German real estate market, the company maintains a regional footprint on
all major German markets through six branch offices, and has around 180
assets with a combined market value of c. EUR 4.4 billion under management.
DIC uses a hybrid business model to manage its business divisions Commercial
Portfolio, Funds and Other Investments. Taking an active asset management
approach, DIC employs its proprietary, integrated real estate management
platform to raise capital appreciation potential in its business divisions
and to boost its revenues.
In its Commercial Portfolio division (EUR 1.6 billion in assets under
management), DIC acts as proprietor and property asset holder, and thus
generates revenues both from the management of the assets and through the
value optimisation of its own real estate portfolio. The Funds division (EUR
1.5 billion in assets under management) generates its revenues by acting as
issuer and manager of special real estate funds for institutional investors.
Gathered in the business unit Other Investments (EUR 1.3 billion in assets
under management) are joint venture investments, equity investments in
property developments, strategic financial investments, and the management
of properties in which the company holds no equity stakes.
DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock
Exchange since June 2006. The Company's shares are also included in the EPRA
index, which tracks the performance of the most important European real
estate companies.
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16.03.2018 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
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Language: English
Company: DIC Asset AG
Neue Mainzer Straße 20 * MainTor
60311 Frankfurt am Main
Germany
Phone: +49 69 9454858-1462
Fax: +49 69 9454858-9399
E-mail: [email protected]
Internet: www.dic-asset.de
ISIN: DE000A1X3XX4, DE000A1TNJ22, DE000A12T648
WKN: A1X3XX, A1TNJ2, A12T64
Indices: S-DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange; Luxemburg
End of News DGAP News Service
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665031 16.03.2018
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