TAG Immobilien AG:The TAG Immobilien AG calls extraordinary general meeting and proposes a capital increase of nearly 10%, against cash contributions and with subscription rights

TAG Immobilien AG  / Key word(s): AGM/EGM

18.02.2011 18:19

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The issuer is solely responsible for the content of this announcement.


The Management Board and Supervisory Board of TAG Immobilien AG (ISIN
DE008303504/WKN 830350) ('TAG' or 'The Company' in the following) today
decided to schedule an extraordinary general meeting for 7 April 2011, at
which a capital increase against cash contributions with shareholders'
subscription rights is to be adopted. It would be achieved through issuing
as many as 5,856,636 new shares, i.e. in the amount of nearly 10 percent of
the existing share capital, at a minimum subscription price of EUR 7.00.
The new shares will be offered to shareholders by way of indirect
subscription right, at a subscription ratio of 10 to 1. In other words,
each shareholder can subscribe to one new share for every ten shares
already held by him. The new shares will be entitled to a dividend from 1
January 2011. Shares not subscribed to will be offered on a
private-placement basis in Germany and certain other countries. Since it
appears realistic that several acquisitions planned for 2011 will be
successfully concluded by mid-year, it would not make sense to wait until
the regular Annual General Meeting with the resolution concerning the
capital increase.

TAG's Annual General Meeting scheduled for 22 June 2011 has been postponed
to 26 August 2011.

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

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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