TAG Immobilien AG: Tender offer to shareholders to purchase up to 13,129,831 shares - Rolf Elgeti, CEO of TAG, plans to move from the Company's Management Board to the Supervisory Board

TAG Immobilien AG  / Key word(s): Share Buyback

11.09.2014 17:26

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.



TAG Immobilien AG: 

  - Tender offer to shareholders to purchase up to 13,129,831 shares

  - Rolf Elgeti, CEO of TAG, plans to move from the Company's Management
    Board to the Supervisory Board

Hamburg, September 11, 2014 - TAG Immobilien AG (the "Company") has today
resolved on a tender offer to purchase for cash for up to 13,129,831 of its

The buy-back offer will be made in the form of a modified Dutch auction
tender offer with an offer price range between EUR 8.35 and EUR 9.35 per
share. The closing price of the Company's shares on September 10, 2014 on
the regulated market (Prime Standard) of the Frankfurt Stock Exchange was
EUR 8.77.

The shareholders of the Company may accept the offer by tendering all or
part of their shares at a price within the offer price range. The final
offer price, which will be the same for all shares, will be calculated on
the basis of the total number of tendered shares and the tender prices of
the shareholders. It will correspond to the lowest price that allows the
Company to purchase 13,129,831 shares.

The acceptance period for the tender offer is currently scheduled to start
on September 15, 2014 and to end at midnight (CEST) on October 14, 2014.
The tender offer is subject to certain terms and conditions that are
described in the Offer Document expected to be published on September 15,
2014 (on the first day of the acceptance period). The tender offer will be
available on the Company's web site at www.tag-ag.com under the section
"Investor Relations" in the sub-section "Share Buy-Back Offer" and on the
same date in the Federal Gazette (Bundesanzeiger). Shareholders are urged
to read the tender offer document as it contains important information that
shareholders should consider before making any decision to tender their

Following a period of high growth and successful integration of
acquisitions Rolf Elgeti, CEO of TAG, regards his mission as completed and
has therefore today requested to be released early from his duty as CEO
with effect from 31 October 2014. The Supervisory board has accepted his
request. Mr. Elgeti is willing to move to the Company's Supervisory Board
at the next possible opportunity. To be able to continue to rely on Mr.
Elgeti's strategic expertise for the benefit of TAG, the Supervisory Board
supports his move to the Supervisory Board and subsequent appointment as
chairman of the supervisory body, provided a sufficient backing of
shareholders is given.



This announcement is for informational purposes only and does not
constitute an offer to purchase, or a solicitation of an offer to sell or
exchange, any securities of the Company, nor will there be any offer to
purchase, solicitation of an offer to sell, or any purchase of securities
of the Company in any jurisdiction in which such offer, solicitation or
purchase would be unlawful. The solicitation of offers is made solely by
the Offer Document referred to above.

End of ad-hoc release. 

TAG Immobilien AG
Head of Investor and Public Relations Dominique Mann
Tel. +49 (0) 40 380 32 - 300 
Fax +49 (0) 40 380 32 390

11.09.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      TAG Immobilien AG
              Steckelhörn 5
              20457 Hamburg
Phone:        040 380 32 0
Fax:          040 380 32 390
E-mail:       ir@tag-ag.com
Internet:     www.tag-ag.com
ISIN:         DE0008303504, XS0954227210, DE000A12T101
WKN:          830350, A1TNFU, A12T10
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
End of Announcement                             DGAP News-Service