TAG Immobilien AG: TAG Immobilien AG to issue a convertible bond for EUR 30 million

TAG Immobilien AG / Corporate Action

15.04.2010 12:07

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.


Acting with the approval of the Supervisory Board, the Management Board of
TAG Immobilien AG ('TAG' for short) has today 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 with a value of up to EUR 30

The issue price stands at 100% of the nominal amount, i.e. EUR 100.00 per
bond, with a coupon of between 5.5% and 6.5% p.a. over a term of five
years. In accordance with the shareholder authorisation, the conversion
price has been set at EUR 5.47, equivalent to 130% of the reference price.
Holders of the conversion rights will be entitled to receive 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 shareholders will be granted a right to subscribe to the convertible
bonds, which will be denominated in units of EUR 100.00, on a 1-for-117
basis. The subscription right has been excluded for fractional amounts.

The separate subscription offer is to be published in the week commencing
19 April 2010, with the subscription period to last for two weeks. There
are no plans for trading in the subscription rights. The bonds will be
listed in the open market of the Frankfurt Stock Exchange.

The issue is being executed to raise funding for future investments. Close
Brothers Seydler Bank AG, Frankfurt am Main, is the sole lead manager and
sole bookrunner for this transaction.

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

15.04.2010 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
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,
End of News                                     DGAP News-Service