TAG Immobilien AG: TAG reports successful placement of capital increase - issue oversubscribed multiple times

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

04.05.2011 11:51

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.


(Hamburg, 4 May 2011) TAG Immobilien AG ('TAG' in the following) today
announced that its capital increase has been fully placed due to strong
demand. The order book in the private placement was closed early due to the
multiple oversubscription. In accordance with the capital increase resolved
on 7 April at the extraordinary general meeting, TAG now issue a total of
5,856,635 bearer shares at a subscription price of EUR 7.00 per share.

Approximately 30% of TAG shareholders exercised their subscription rights.
The approx. EUR 41 million in proceeds from the capital increase will be
used for the acquisitions announced by the company, the contract for one of
which was already signed last week. The shares not subscribed by
shareholders were placed with institutional private investors after the
subscription period ended, by means of a private placement. Close Brothers
Seydler Bank AG managed the capital increase.

Once the capital increase has been entered in the commercial registry,
TAG's share capital will increase by EUR 5,856,635.00, from EUR
58,566,364.00 to EUR 64,422,999.00. The new shares are scheduled to be
admitted to trading as of 10 May 2011.

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