Press releases

TAG Immobilien AG: Bookbuilding period for interest on convertible bond 2010/2015 has closed – Subscription period runs through 6 May 2010

 

(Hamburg, 03 May 2010) The Executive Board of TAG Immobilien AG has resolved, under the authorisation of the Annual General Meeting of 27 August 2009 and with the consent of the Supervisory Board dated 15 April 2010, to issue convertible bonds with a total nominal value of up to EUR 30,000,000, due in 2015 (ISIN DE000A1ELQF0). These will be offered for sale to the Company’s shareholders between 22 April 2010 and 6 May 2010.

In accordance with the subscription ratio of 117:1, TAG shareholders have the right to buy a bond with a nominal value of EUR 100 for every 117 shares they own.

Following a bookbuilding process, the Executive Board resolution of 3 May 2010 and approval by the Supervisory Board on the same day, the interest rate applicable to the nominal value of the bonds was fixed at 6.375 % p.a., payable annually in arrears commencing on 13 May 2011.

The bonds are to be listed on the Open Market of the Frankfurt Securities exchange. Close Brothers Seydler Bank AG, Frankfurt am Main, is the Sole Lead Manager and Sole bookrunner for this transaction.

Important advisory

This document is solely intended to provide information to shareholders in accordance with the regulations of the Stock Corporation Act and does not constitute an offer to sell convertible bonds or other securities in the Company, nor an invitation to tender offers to buy convertible bonds or other securities in the Company. Securities in the Company are not being offered to the public, and accordingly this document is not an offer document or prospectus as defined by the 2003/71/EC Directive (“Prospectus Directive”).  

United States of America

This document is not intended for persons in the United States. It may not be sent to the United States by mail or by any other means.

This document is neither an offer to sell nor an invitation to tender offers to buy or subscribe to securities in the United States. The shares and other securities mentioned herein are not and will not be registered in accordance with the provisions of the United States Securities Act of 1933 (in its latest version) or in accordance with the securities laws of individual states of the US. The convertible bonds and other securities to be issued by TAG Immobilien AG may not be offered or sold in the United States, nor may they be delivered there by direct or indirect means, except in exceptional cases based on a waiver of the registration requirements of the Securities Act or on the law of an individual state in the United States of America.

Canada, Australia and Japan

This document is not intended for persons in Canada, Australia or Japan. It may not be sent to Canada, Australia or Japan by mail or by any other means, and the shares and other securities mentioned herein may not be sold to persons in these countries.

Press inquiries:
TAG Immobilien AG
Britta Lackenbauer / Dominique Mann
Investor & Public Relations
Phone: +49 40 380 32 300
Fax: +49 40 380 32 390
pr(at)tag-ag.com

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