TAG Immobilien AG: TAG Immobilien AG: Gross proceeds from successful placement of shares from capital increase and convertible bond issue exceed EUR 132 million
TAG Immobilien AG / Key word(s): Corporate ActionTAG Immobilien AG: TAG Immobilien AG: Gross proceeds from successfulplacement of shares from capital increase and convertible bond issueexceed EUR 132 million08.12.2010 / 16:29During the period from 22 November to 6 December 2010, TAG Immobilien AG('TAG' in the following) had offered its shareholders approximately 11.6million new shares from a capital increase, and 9 million new convertiblebonds for subscription.The new shares and convertible bonds were also offered to selectedinvestors in a private placement on 2 December 2010, subject to theexercise of subscription rights of holders of subscription rights, at aprice that corresponds to the subscription price. The subscription pricefor the new shares was determined at EUR 5.70, the subscription price forthe convertible bonds was determined at EUR 7.40. Today, the results of therights issue have been confirmed and allocations have been finalised. Bothcapital measures were successfully issued and the capital increase wassignificantly oversubscribed. The issue of the new shares and convertiblebonds generated gross proceeds for the company of approximately EUR 132million, which - after deducting the emission fees and expenses - are to beused to finance the voluntary takeover offer to shareholders of ColoniaReal Estate AG.The capital increase was entered in the company register today. This raisesTAG's share capital from EUR 46,959,115 by EUR 11,607,249 to EUR 58,566,364and the company's number of shares by the same amount. The new shares arescheduled to be admitted for trading on the Frankfurt Stock Exchange today.The listing is based on a prospectus approved by Germany's FederalFinancial Supervisory Authority (BaFin) on 06 December 2010, and posted onthe TAG homepage athttp://www.tag-ag.com/investor-relations/wertpapierprospekt.html. The newshares are scheduled for delivery on 10 December 2010. The convertible bonds, which were issued at a price of EUR 7.40 each withan interest rate of 6.5% per anno and a maturity period of five years, arealso scheduled for delivery and admission to trading on the Open Market on10 December 2010.Further details regarding the specification of terms for the new shares andconvertible bonds were published on the evening of 02 December 2010 as anad hoc release and on 03 December 2010 in the electronic Bundesanzeiger(Federal Gazette).'Our thanks go to our shareholders and investors, whose trust has enabledus to take capital measures of this scope in such a short time and in adifficult market environment. We also thank the managing syndicate ofbanks, Kempen & Co. NV, Amsterdam and Close Brothers Seydler Bank AG,Frankfurt am Main, for their professional support and implementation of thetransactions,' says Rolf Elgeti, CEO of TAG Immobilien AG.The voluntary exchange offer to the shareholders the Colonia Real Estate AGis scheduled to be published before the end of December 2010.DisclaimerThis document is neither an offer to sell nor an invitation to buy orsubscribe for shares or other securities. It is not intended forshareholders or investors in the United States, Canada, Australia andJapan.End of Corporate News08.12.2010 Dissemination of a Corporate News, transmitted by DGAP - acompany of EquityStory 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 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 Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 105896 08.12.2010
