TAG Immobilien AG announces the indicative conditions for the convertible bond issue
TAG Immobilien AG / Key word(s): Corporate Action24.11.2010 19:46Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------The Management Board of TAG Immobilien AG, Hamburg, (hereinafter alsoreferred to as 'TAG') decided on 15 November 2010 with the approval of theSupervisory Board to issue new shares with a total nominal amount of up toEUR 11,607,249.00 as well as convertible bonds in a total amount of up toapproximately EUR 70 million to finance the envisaged takeover bid which isto be submitted to the shareholders of Colonia Real Estate AG (hereinafteralso referred to as 'CRE'). The new shares and the convertible bonds arebeing offered to the shareholders for subscription within a subscriptionperiod from 22 November 2010 up to and including 6 December 2010.The subscription offer for the convertible bonds stipulates that theconditions for the convertible bonds are to be determined using anaccelerated bookbuilding process in the course of which they are to beoffered to selected qualified investors for purchase subject to theexercise by the shareholders of their subscription rights. The Company hastoday decided to set the indicative conditions for the bookbuildingprocess, which is expected to take place on 2 December 2010 or earlier, asfollows: the initial conversion price of the convertible bonds is to bebetween EUR 7.40 and EUR 7.80 per convertible bond and the coupon on theconvertible bonds is to be between 5.75% p.a. and 6.50 % p.a. Theconvertible bonds will be issued at 100% of their nominal value. Thisamount will equal the initial conversion price per convertible bond. Theconversion ratio equals one share per convertible bond. The convertiblebonds have a term of five years. They will be repaid on maturity at 100% oftheir initial amount.The final conditions for the issue of the new shares and the convertiblebonds will be determined by the Management Board and the Supervisory Boardimmediately after the completion of the bookbuilding process, which isexpected to be the evening of 2 December 2010, and published in the form ofan ad hoc announcement and on the following day in the Electronic FederalGazette (elektronischer Bundesanzeiger).DisclaimerThis document does not constitute an offer to buy or an invitation to sellor subscribe for securities. It is not intended for shareholders orinvestors in the United States, Canada, Australia or Japan.24.11.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language: EnglishCompany: TAG Immobilien AG Steckelhörn 5 20457 Hamburg DeutschlandPhone: 040 380 32 300Fax: 040 380 32 390E-mail: ir@tag-ag.comInternet: www.tag-ag.comISIN: DE0008303504WKN: 830350Indices: SDAXListed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Hamburg, Düsseldorf, Berlin, Hannover, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------