DGAP-News: DIC Asset AG: Supervisory Board Confirms Management Team in its Roles and Renews Board Appointments of Sonja Wärntges, CEO, and Johannes von Mutius, CIO

Press Release

DIC Asset AG: Supervisory Board Confirms Management Team in its Roles and Renews Board Appointments of Sonja Wärntges, CEO, and Johannes von Mutius, CIO

Frankfurt am Main, 04 February 2020. The Supervisory Board of DIC Asset AG (WKN: A1X3XX / ISIN: DE000A1X3XX4) decided today to prematurely renew the management contracts and reappoint Sonja Wärntges (CEO) and Johannes von Mutius (CIO) as board members through 31 December 2023.

Prof. Dr. Gerhard Schmidt, Chairman of the Supervisory Board of DIC Asset AG: "Under the successful leadership of Sonja Wärntges as CEO and Johannes von Mutius as CIO, DIC Asset AG has shown an outstanding performance over the past years and cleared significant milestones to ensure the company's future growth. We will therefore continue to put our faith in Sonja Wärntges as Chair of the Executive Board (CEO) and Johannes von Mutius as Member of the Board Real Estate (CIO) in the coming years, and look forward to our continued collaboration."

About DIC Asset AG:

With more than 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 180 assets with a combined market value of c. EUR 7.6 billion under management (as of 31/12/2019). Taking an active asset management approach, DIC Asset AG employs its proprietary, integrated real estate management platform to raise capital appreciation potential company-wide and to boost its revenues.

In its Commercial Portfolio division (EUR 1.9 billion in assets under management, as of 31/12/2019), DIC Asset AG 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.

In its Institutional Business division (EUR 5.7 billion in assets under management, as of 31/12/2019), which operates under the name GEG German Estate Group, DIC Asset AG generates income from structuring and managing investment vehicles with attractive dividend yields for national and international institutional investors.

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
[email protected]