Pressemitteilung

TAG Immobilien AG today announces the start of the rump placement of new shares and convertible bonds

TAG Immobilien AG today announces the start of the rump placement of new shares and convertible bonds

TAG Immobilien AG / Key word(s): Miscellaneous

TAG Immobilien AG today announces the start of the rump placement of

new shares and convertible bonds

 

02.12.2010 / 07:28

 

TAG Immobilien AG today announces the start of the rump placement by way of

accelerated bookbuilding of up to 11.6 million new shares and up to app.

EUR 70 million convertible bonds not taken up by shareholders of TAG

Immobilien AG in the subscription offers

 

 

The accelerated bookbuilding process for the

new shares and convertible bonds will start with immediate effect and is

expected to close 2 December 2010, subject to acceleration. The accelerated

bookbuilding process will target selected qualified investors only, the

final allocation will be subject to the exercise of the subscription rights

of holders thereof during the subscription period. With regard to the

offering of up to 11.6 million new shares, a number of large shareholders

of TAG Immobilien AG ('TAG' in the following) including TAG's management

have already informed TAG of their intention to exercise their subscription

rights to participate in the offering pro rata to their current holdings of

approximately 30% of the equity issue. The subscription price of the new

shares and the terms for the convertible bonds will be determined on the

basis of the bookbuilding process.

 

On 15 November 2010, with the approval of the Supervisory Board, the

Management Board of TAG resolved to finance the planned public offer to

the shareholders of Colonia Real Estate AG by issuing of up to EUR

11,607,249 new shares and convertible bonds in an aggregate amount of up to

approximately EUR 70 million. The new shares and convertible bonds will be

offered for subscription to shareholders during the subscription period

running from 22 November 2010 up to and including 6 December 2010.

 

The members of a consortium of banks consisting of Kempen & Co. NV,

Amsterdam as global co-coordinator, joint bookrunner and joint lead

manager, and Close Brothers Seydler Bank AG, Frankfurt as joint bookrunner

and joint lead manager have been commissioned to implement the process.

 

The subscription price for the new shares, at which holders of subscription

rights may subscribe for the new shares during the subscription period, the

placement price at which the new shares will be allocated to qualified

investors (subject to the exercise of subscription rights by holders

thereof), the extent to which qualified investors will be allocated new

shares and convertible bonds and also the expected final volume of the

capital increase, the expected final number of convertible bonds to be

issued and the expected final issuing conditions for the convertible bonds

will be fixed by TAG's Management and Supervisory Boards immediately after

the respective bookbuilding, i.e. probably on the evening of 2 December

2010, and communicated by way of an ad-hoc announcement and published the

following day in the Electronic Federal Gazette (elektronischer

Bundesanzeiger).

 

 

 

Disclaimer

 

This document is neither an offer to sell nor an invitation to buy or

subscribe for shares or other securities. It is not intended for

shareholders or investors in the United States, Canada, Australia and

Japan.

 

 

End of Corporate News

 

 

02.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a

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Language: English

Company: TAG Immobilien AG

Steckelhörn 5

20457 Hamburg

Deutschland

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

Listed: Regulierter Markt in Frankfurt (Prime Standard), München;

Freiverkehr in Hamburg, Düsseldorf, Berlin, Hannover,

Stuttgart

 

 

End of News DGAP News-Service


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