Announcement

TAG Immobilien AG: Repurchase Invitation to the holders of the series of Notes to tender for purchase for cash the outstanding Notes

TAG Immobilien AG / Key word(s): Miscellaneous29.07.2013 / 08:5029 July 2013NOT FOR DISTRIBUTION TO ANY

TAG Immobilien AG: Repurchase Invitation to the holders of the series of Notes to tender for purchase for cash the outstanding Notes


TAG Immobilien AG / Key word(s): Miscellaneous

29.07.2013 / 08:50


29 July 2013

NOT FOR DISTRIBUTION TO ANY UNITED STATES PERSON OR ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA

 

Repurchase Invitation by

TAG Immobilien AG

to the holders of the series of Notes to tender for purchase for cash the outstanding Notes
at the Repurchase Price up to the Maximum Cash Consideration

TAG Immobilien AG (the Company) invites the holders of three series of Notes to tender for purchase at the respective Repurchase Price (as defined below) for cash as described below (the Repurchase Invitation). Credit Suisse Securities (Europe) Limited will act as dealer manager (the Dealer Manager) in relation to the Repurchase Invitation.

The Repurchase Invitation relates to the following series of convertible notes (the Notes):

Description ISIN Denomination Outstanding Principal Amount Minimum Repurchase Price
EUR 30,000,000 6.375 per cent. Convertible Notes due May 2015 DE000A1ELQF0 EUR 100.00 EUR 29,945,100.00 EUR 177.86 (excluding accrued interest)
EUR 66,600,000 6.50 per cent. Convertible Notes due December 2015 DE000A1E89W7 EUR 7.40 EUR 66,598,764.20 EUR 10.23 (including accrued interest to the Settlement Date)
EUR 85,300,000 5.50 per cent. Convertible Notes due June 2019 DE000A1PGZM3 EUR 100,000.00 EUR 85,300,000.00 EUR 127,490.74 (excluding accrued interest)
 

The respective final repurchase price of each series of Notes (the Repurchase Price) will be determined following the Close of Invitation (as defined below) and will be equal to an amount equal to or above the respective Minimum Repurchase Price for such series of Notes (as set out in the table). The Company has limited the Notes to be repurchased pursuant to the Repurchase Invitation such that the cash amount to be paid in consideration for the Notes (including of accrued interest to the Settlement Date) will not exceed EUR 120,000,000 (the Maximum Cash Consideration).

The Repurchase Invitation will be valid from its publication and presumably until 6 pm CET on 30 July 2013 (the Close of Invitation).

Any proposals for sale under the Repurchase Invitation (Proposals) should be directed to the Dealer Manager. Please call your regular sales contact at the Dealer Manager or the number below. Following the Close of Invitation, the Company may, in its absolute discretion, decide on the acceptance or non-acceptance of any Proposal; however, the same Repurchase Price shall apply to all Proposals accepted in relation to a particular series of Notes to be repurchased.

The settlement of the Notes is expected to occur on 7 August 2013 (the Settlement Date).

Dealer Manager:

Credit Suisse Securities (Europe) Limited
One Cabot Square
London E14 4QJ
United Kingdom

Tel. No.: +44 (0) 20 7883 6930
Fax No.: +44 (0) 20 7943 4428
Attention: Convertible Bonds Origination Desk

Disclaimer

THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR TO ANY PERSON NOT FOR DISTRIBUTION TO ANY UNITED STATES PERSON OR ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES). THE OFFER REFERENCED HEREIN IS NOT BEING MADE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, OR BY USE OF THE MAILS, OR BY ANY MEANS OR INSTRUMENTALITY OF INTERSTATE OR FOREIGN COMMERCE, OR OF ANY FACILITY OF A NATIONAL SECURITIES EXCHANGE, OF THE UNITED STATES AND THE OFFER CANNOT BE ACCEPTED BY ANY SUCH USE, MEANS, INSTRUMENTALITY OR FACILITY OR FROM WITHIN THE UNITED STATES.

This release does not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States. The securities referred to herein (including the Notes and the shares of TAG Immobilien AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act) or the laws of any state within the U.S., and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons, except in a transaction not subject to, or pursuant to an applicable exemption from, the registration requirements of the Securities Act or any state securities laws. This release and the information contained herein may not be distributed or sent into the United States, or in any other jurisdiction in which offers or sales of the securities described herein would be prohibited by applicable laws and should not be distributed to United States persons or publications with a general circulation in the United States. No offering of the Notes is being made in the United States.

Press enquiries:
TAG Immobilien AG
Head of Investor & Public Relations
Dominique Mann
Tel. +49 (0) 40 380 32 0
Fax +49 (0) 40 380 32 390
pr@tag-ag.com



End of Corporate News


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Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 390
E-mail: ir@tag-ag.com
Internet: www.tag-ag.com
ISIN: DE0008303504
WKN: 830350
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart
End of News DGAP News-Service

223094  29.07.2013