TAG Immobilien AG: TAG Immobilien AG determines subscription price for the new shares and final terms for the convertible bonds

TAG Immobilien AG  / Key word(s): Corporate Action

02.12.2010 19:26

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.

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Based on the subscription offers published on 19 November 2010, TAG
Immobilien AG ('TAG' in the following) is currently offering to its
shareholders new shares in an aggregate nominal amount of up to EUR
11,607,249 and convertible bonds in an aggregate nominal amount of up to
approximately EUR 70,000,000. The new shares and convertible bonds will be
offered for subscription to shareholders during the subscription period
running from 22 November 2010 up to and including 6 December 2010.

All shares and convertible bonds were offered to selected qualified
investors by way of an accelerated bookbuilding process, subject to the
exercise of the subscription rights of holders thereof, by a consortium of
banks consisting of Kempen & Co. NV, Amsterdam as global co-coordinator,
joint bookrunner and joint lead manager, and Close Brothers Seydler Bank
AG, Frankfurt as joint bookrunner and joint lead manager. All new shares
and all convertible bonds have been allocated to such qualified investors -
subject to the exercise of the subscription rights of holders thereof
during the subscription period. Final allocation will take place on Tuesday
7 December.

Based on the results of the accelerated bookbuilding, and with the approval
of the supervisory board, the TAG's management board determined on 2
December 2010 the amount of the capital increase, the number of new shares
and convertible bonds to be allocated to qualified investors in the
bookbuilding, the issue and placement price for the new shares and the
final terms for the convertible bonds, as follows:

All new shares will be allocated to investors in the accelerated
bookbuilding - subject to the exercise of the subscription rights of
holders thereof during the subscription period - at the placement price.
The company's existing share capital will be increased by EUR
11,607,249.00; a total of 11,607,249 new shares will be issued at a price
of EUR 5.70 per share for an aggregate amount of EUR 66,161,319.30. The
subscription price at which the new shares may be subscribed by the holders
of subscription rights, and the placement price at which the new shares
will be allocated to investors - subject to the exercise of the
subscription rights of holders thereof during the subscription period - is
EUR 5.70 per new share in each case.

All convertible bonds will be allocated to investors in the accelerated
bookbuilding - subject to the exercise of the subscription rights of
holders thereof during the subscription period. A total of 9,000,000
convertible bonds with a nominal value of EUR 66,600,000.00 per convertible
bond and a total nominal value of EUR 7.40 will be issued. The subscription
price and the original conversion price correspond to the nominal value and
are therefore also EUR 7.40 per convertible bond. The interest on the
convertible bonds is 6.5 % p.a. and the redemption price corresponds to the
nominal value and amounts to EUR 7.40 per convertible bond. The maturity
date is 10 December 2015. Each convertible bond with a nominal value of EUR
7.40 may be converted into one TAG bearer share; conversion is possible at
any time, except during certain periods of non-conversion specified in the
terms of issue.
 
The completion of the capital increase to create the new shares is expected
to be registered with the commercial register on 7 December 2010. The
admission of the new shares to trading on the regulated market of the
Frankfurt Stock Exchange with a simultaneous listing in the part of the
regulated markets with additional disclosure duties (Prime Standard) of the
Frankfurt Stock Exchange and the inclusion of the convertible bonds in the
Open Market the Frankfurt Stock Exchange are expected for 8 December 2010.
The new shares and convertible bonds are expected to be delivered on 10
December 2010.


Disclaimer
This document is neither an offer to sell nor an invitation to buy or
subscribe for shares or other securities. It is not intended for
shareholders or investors in the United States, Canada, Australia or Japan.



Kontakt:
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








02.12.2010 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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, Düsseldorf, Hamburg, Hannover,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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