TAG Immobilien AG: TAG approves equity offering of up to 5,000,000 new shares to finance further acquisitions

TAG Immobilien AG  / Key word(s): Capital Increase17.11.2011 07:45Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------The Management Board of TAG Immobilien AG ('TAG' or 'the company' in thefollowing) today resolved, with the approval of the Supervisory Board, toissue up to 5,000,000 new shares against cash contributions. Theresolution draws on the capital authorised by the General Meeting on 7April 2011 and excludes shareholders' statutory subscription rights. Theshares will be offered to qualified investors in the European Economic Areaand Switzerland by way of a private placement. The offer price is EUR 6.10per share. The final issue volume will be published today following abook-building process. The company's registered share capital of currentlyEUR 69.9 million will increase to as much as EUR 74.9 million. The newshares will be admitted for trading on the regulated market the FrankfurtStock Exchange (Prime Standard) as soon as the capital increase has beenentered in the commercial registry, which the company expects will happenin the next few days, and will carry dividend rights for the 2011 fiscalyear.The capital increase against cash will serve to finance furtheracquisitions. The company is currently in negotiations regarding theacquisition of various residential real estate portfolios, a smallerportfolio of approximately 360 units in Erfurt, and two residentialcomplexes in the greater Berlin area with a total of approximately 2,900units and rental space of 170,000 m². The - not yet definitively negotiated- purchase price volume for both transactions is between EUR 130 millionand EUR 140 million. The contracts are to be finalised and signed in thenext few months. Alternatively, if the funds raised by the equity offeringcannot be used for acquisitions, they are to be used to pay down debt.Close Brothers Seydler Bank AG, Frankfurt am Main, and Kempen & Co. N.V.,Amsterdam, will jointly manage the capital increase.Please refer to today's press release for details.DisclaimerThis document does not constitute an offering to sell, nor a solicitationfor offers to buy or subscribe, shares in the company.Kontakt:TAG Immobilien AGInvestor und Public Relations Britta Lackenbauer / Dominique MannTel. +49 (0) 40 380 32 -386 / -305Fax +49 (0) 40 380 32 390ir@tag-ag.com17.11.2011 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      TAG Immobilien AG              Steckelhörn 5              20457 Hamburg              GermanyPhone:        040 380 32 0Fax:          040 380 32 390E-mail:       ir@tag-ag.comInternet:     www.tag-ag.comISIN:         DE0008303504WKN:          830350Indices:      SDAXListed:       Regulierter Markt in Frankfurt (Prime Standard), München;              Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,              Stuttgart End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------