TAG Immobilien AG: Supervisory Board of TAG Immobilien commissions external audit by PwC
TAG Immobilien AG / Key word(s): Miscellaneous PRESS RELEASE Supervisory Board of TAG Immobilien commissions external audit by PwC Hamburg (17 October 2013) - The Supervisory Board of TAG Immobilien AG, Hamburg ('TAG') today commissioned the PricewaterhouseCoopers AG Wirtschaftsprüfungsgesellschaft ('PwC') to investigate the allegations made against TAG Immobilien AG and its CEO Rolf Elgeti. It was claimed that in the past, business transactions had been made to the disadvantage of TAG. Beyond this, potential conflicts of interest were alleged, between the private business activities of the Chairman of the Board, Mr Rolf Elgeti, and those of TAG. After careful consideration, the Supervisory Board has therefore decided to commission the internationally renowned and independent auditing firm PwC to review the aforementioned transactions, and in particular to determine whether the principles of corporate governance were complied with. The Supervisory Board reiterates that Mr Rolf Elgeti continues to enjoy its full and complete trust and confidence. The Supervisory Board will inform the shareholders and the general public of the result once the findings of the review are in. Press enquiries: End of Corporate News 17.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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: | 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, XS0954227210 | |
| WKN: | 830350, A1TNFU | |
| Indices: | MDAX | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart | |
| End of News | DGAP News-Service |
| 235070 17.10.2013 |