DGAP-News: TTL Beteiligungs- und Grundbesitz-AG: TTL Real Estate GmbH increases stake in DIC Asset AG to more than 3 percent

Nov 22, 2019

DGAP-News: TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Investment
TTL Beteiligungs- und Grundbesitz-AG: TTL Real Estate GmbH increases stake in DIC Asset AG to more than 3 percent
22.11.2019 / 08:30
The issuer is solely responsible for the content of this announcement.
Munich, 22.11.2019TTL Real Estate GmbH increases stake in DIC Asset AG to more than 3 percentDIC Asset share price significantly below enterprise valueAttractive dividend and continuous high pace of growth expectedFurther increase in DIC Asset stake planned as strategic investmentTTL Real Estate GmbH, an affiliated company of TTL Beteiligungs- und Grundbesitz-AG (“TTL AG”) (ISIN DE0007501009), has built up a direct stake of more than three percent in the listed DIC Asset AG (ISIN DE000A1X3XX4) since late summer of this year.”DIC Asset AG is one of Germany’s leading listed property companies and is developing excellently. The current share price still reflects a significant discount to the net asset value and the enterprise value of the company. We are benefiting from the strong performance of the DIC Asset AG share and are expecting an attractive dividend for the 2019 financial year due to the company’s very positive business performance”, says Theo Reichert, CEO of TTL AG.Investments in high-dividend listed real estate companies – the company also holds a stake in Hamborner REIT AG – is a key pillar of TTL Group’s investment strategy. TTL Real Estate GmbH plans to further extend its stake in DIC Asset AG.Media and Investor Relations contactAnnette Kohler-Kruse Instinctif Partners Tel. +49 89 3090 5189-23ir@ttl-ag.depresse@ttl-ag.de
22.11.2019 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.

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Language:English
Company:TTL Beteiligungs- und Grundbesitz-AG
Theresienhöhe 28
80339 München
Germany
Phone:+49 (0)89 381611-0
Fax:+49 (0)89 3915-92
E-mail:ir@ttl-ag.de
Internet:www.ttl-ag.de
ISIN:DE0007501009
WKN:750100
Listed:Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:918837

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