Ad-Hoc Announcement

TAG Immobilien AG: TAG Immobilien AG to issue a convertible bond

TAG Immobilien AG: TAG Immobilien AG to issue a convertible bond

TAG Immobilien AG / Corporate Action

 

17.12.2009

 

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by

DGAP - a company of EquityStory AG.

The issuer is solely responsible for the content of this announcement.

 


 

Today, acting with the approval of the Supervisory Board, the Management

Board of TAG Immobilien AG ('TAG' for short)passed a resolution on the

basis of the authorisation granted at TAG's annual general meeting of 27

August 2009 to issue a convertible bond, which will be placed privately.

The convertible bond has a volume of EUR 12,500,000.00, a coupon of 4.5

percent p.a., a term of three years and an issue price of 100 percent of

the nominal amount. In accordance with the shareholder authorisation, the

conversion price has been set at EUR 5.15 which is 130 percent of the

reference price. The conversion rights relate to bearer shares,

which will be issued using the contingent capital authorised in a

resolution passed at TAG's annual general meeting of 27 August 2009. The

Management Board has excluded the shareholders' pre-emptive subscription

rights with the Supervisory Board's approval.

 

 

 

Contact:

TAG Immobilien AG

Investor und Public Relations

Britta Lackenbauer / Dominique Mann

Tel. +49 (0) 40 380 32 -386 / -305

Fax +49 (0) 40 380 32 390

ir@tag-ag.com

 

 

 

 

 

17.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP.

Media archive at www.dgap-medientreff.de and www.dgap.de

 


 

Language: English

Company: TAG Immobilien AG

Steckelhörn 5

20457 Hamburg

Deutschland

Phone: 040 380 32 300

Fax: 040 380 32 390

E-mail: ir@tag-ag.com

Internet: www.tag-ag.com

ISIN: DE0008303504

WKN: 830350

Indices: SDAX

Listed: Regulierter Markt in Frankfurt (Prime Standard), München;

Freiverkehr in Berlin, Hannover, Düsseldorf, Hamburg,

Stuttgart

 

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