TAG Immobilien AG today announces the start of the rump placement of new shares and convertible bonds
TAG Immobilien AG / Key word(s): MiscellaneousTAG Immobilien AG today announces the start of the rump placement ofnew shares and convertible bonds02.12.2010 / 07:28TAG Immobilien AG today announces the start of the rump placement by way ofaccelerated bookbuilding of up to 11.6 million new shares and up to app.EUR 70 million convertible bonds not taken up by shareholders of TAGImmobilien AG in the subscription offers The accelerated bookbuilding process for thenew shares and convertible bonds will start with immediate effect and isexpected to close 2 December 2010, subject to acceleration. The acceleratedbookbuilding process will target selected qualified investors only, thefinal allocation will be subject to the exercise of the subscription rightsof holders thereof during the subscription period. With regard to theoffering of up to 11.6 million new shares, a number of large shareholdersof TAG Immobilien AG ('TAG' in the following) including TAG's managementhave already informed TAG of their intention to exercise their subscriptionrights to participate in the offering pro rata to their current holdings ofapproximately 30% of the equity issue. The subscription price of the newshares and the terms for the convertible bonds will be determined on thebasis of the bookbuilding process.On 15 November 2010, with the approval of the Supervisory Board, theManagement Board of TAG resolved to finance the planned public offer tothe shareholders of Colonia Real Estate AG by issuing of up to EUR11,607,249 new shares and convertible bonds in an aggregate amount of up toapproximately EUR 70 million. The new shares and convertible bonds will beoffered for subscription to shareholders during the subscription periodrunning 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 leadmanager, and Close Brothers Seydler Bank AG, Frankfurt as joint bookrunnerand joint lead manager have been commissioned to implement the process. The subscription price for the new shares, at which holders of subscriptionrights may subscribe for the new shares during the subscription period, theplacement price at which the new shares will be allocated to qualifiedinvestors (subject to the exercise of subscription rights by holdersthereof), the extent to which qualified investors will be allocated newshares and convertible bonds and also the expected final volume of thecapital increase, the expected final number of convertible bonds to beissued and the expected final issuing conditions for the convertible bondswill be fixed by TAG's Management and Supervisory Boards immediately afterthe respective bookbuilding, i.e. probably on the evening of 2 December2010, and communicated by way of an ad-hoc announcement and published thefollowing day in the Electronic Federal Gazette (elektronischerBundesanzeiger).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 News02.12.2010 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 Hamburg, Düsseldorf, Berlin, Hannover, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 105249 02.12.2010
