TAG Immobilien AG successfully placed 5,000,000 treasury shares
TAG Immobilien AG / Key word(s): Miscellaneous17.03.2016 07:30Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, INWHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN ORSOUTH AFRICA OR IN ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE AVIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.AD HOC ANNOUNCEMENTTAG Immobilien AG successfully placed 5,000,000 treasury shares - Grossproceeds of EUR 58.3 million - Private placement of 5,000,000 treasury shares in an ABB transaction with a discount of 3.6% to the closing price of EUR 12.09 per 16 March 2016 - Capital recycling strategy successfully implemented on the liabilities side with positive financial impactHamburg (17 March 2016) - On 16 March 2016 TAG Immobilien AG ('TAG' or the'Company') placed 5,000,000 treasury shares ('Placement Shares')(representing approximately 3.7% of the Company's ordinary share capital)with institutional investors in an accelerated bookbuilding process. Theprice of the Placement Shares was set at EUR 11.65 per share whichrepresents a 3.6% discount to the last closing price on the Frankfurt StockExchange. This is equivalent to a 6.1% premium to the share's 3-monthvolume weighted average price (VWAP) and a 9.5% premium to the EPRA NAV pershare of EUR 10.64 per share as of 31 December 2015.Upon settlement of the transaction, which is expected to take place on 21March 2016, the placement results in gross proceeds to the Company in anamount of approximately EUR 58.3 million which are intended to be used forgeneral and corporate purposes as well as for potential propertyacquisitions in the context of its overall strategy of continuouslyoptimizing its capital structure. The placed shares rank pari passu in allrespects with the existing shares of the Company (including as to dividendrights).Pursuant to the share buyback in September / October 2014 at EUR 9.30 pershare, this transaction demonstrates TAG's ability to successfully executeits capital recycling strategy also on the liabilities side.Berenberg and Kempen & Co acted as Joint Bookrunners. VICTORIAPARTNERSacted as independent transaction advisor to TAG.Press enquiries:TAG Immobilien AGHead of Investor & Public RelationsDominique MannPhone +49 (0) 40 380 32 300Fax +49 (0) 40 380 32 388ir@tag-ag.com DisclaimerTHIS PUBLICATION IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED,AND SHOULD NOT BE CONSTRUED, AS AN OFFER TO SELL OR A SOLICITATION OF ANOFFER TO BUY OR SUBSCRIBE FOR ANY SHARES OR OTHER SECURITIES OF TAGIMMOBILIEN AG (THE "COMPANY"), HAMBURG IN ANY JURISDICTION, INCLUDING THEUNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA. NEITHER THISPUBLICATION NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BERELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANYJURISDICTION. NO PUBLIC OFFERING OF SECURITIES OF THE COMPANY IS BEING, ORWILL BE, MADE IN ANY JURISDICTION. THE SECURITIES OF THE COMPANY DESCRIBEDHEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIESACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER THE SECURITIESLAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES, AND MAY NOTBE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES ABSENTREGISTRATION UNDER THE SECURITIES ACT OR AN AVAILABLE EXEMPTION FROM, OR INA TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THESECURITIES ACT AND IN COMPLIANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANYSTATE OR OTHER JURISDICTION OF THE UNITED STATES. THERE WILL BE NO PUBLICOFFERING OF SECURITIES IN THE UNITED STATES.IN THE UNITED KINGDOM, THIS DOCUMENT IS ONLY BEING DISTRIBUTED TO AND ISONLY DIRECTED AT PERSONS WHO (I) ARE INVESTMENT PROFESSIONALS FALLINGWITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000(FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED) (THE "ORDER") OR (II) AREPERSONS FALLING WITHIN ARTICLE 49(2)(A) TO (D) (HIGH NET WORTH COMPANIES,UNINCORPORATED ASSOCIATIONS, ETC.) OF THE ORDER (ALL SUCH PERSONS TOGETHERBEING REFERRED TO AS "RELEVANT PERSONS"). THIS DOCUMENT IS DIRECTED ONLY ATRELEVANT PERSONS AND MUST NOT BE ACTED ON OR RELIED ON BY PERSONS WHO ARENOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THISDOCUMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGEDIN ONLY WITH RELEVANT PERSONS.THE JOINT BOOKRUNNERS ARE ACTING EXCLUSIVELY FOR THE COMPANY AND NO-ONEELSE IN CONNECTION WITH THE PLACING. THEY WILL NOT REGARD ANY OTHER PERSONAS THEIR RESPECTIVE CLIENTS AND WILL NOT BE RESPONSIBLE TO ANYONE OTHERTHAN THE COMPANY FOR PROVIDING THE PROTECTIONS AFFORDED TO THEIR RESPECTIVECLIENTS, NOR FOR PROVIDING ADVICE IN RELATION TO THE CONTENTS OF THISPUBLICATION OR ANY TRANSACTION, ARRANGEMENT OR OTHER MATTER REFERRED TOHEREIN. NONE OF THE JOINT BOOKRUNNERS OR ANY OF THEIR RESPECTIVE DIRECTORS,EMPLOYEES, ADVISERS OR AGENTS ACCEPTS ANY RESPONSIBILITY OR LIABILITYWHATSOEVER FOR (INCLUDING ANY LOSS HOWSOEVER ARISING FROM ANY USE OF THEPUBLICATION OR ITS CONTENTS OR OTHERWISE ARISING IN CONNECTION THEREWITH)OR MAKES ANY REPRESENTATION OR WARRANTY, EXPRESSED OR IMPLIED, AS TO THETRUTH, ACCURACY OR COMPLETENESS OF THE INFORMATION IN THIS PUBLICATION (ORWHETHER ANY INFORMATION HAS BEEN OMITTED FROM THE PUBLICATION), WHETHERWRITTEN, ORAL OR IN A VISUAL OR ELECTRONIC FORM, AND HOWSOEVER TRANSMITTEDOR MADE AVAILABLE.17.03.2016 The DGAP 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 GermanyPhone: 040 380 32 0Fax: 040 380 32 388E-mail: ir@tag-ag.comInternet: www.tag-ag.comISIN: DE0008303504, XS0954227210, DE000A12T101WKN: 830350, A1TNFU, A12T10Indices: MDAXListed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------