TAG Immobilien AG, DE0008303504

TAG Immobilien AG, DE0008303504

07.03.2017 - 06:58:24

TAG Immobilien AG successfully placed 4,095,124 treasury shares - Gross proceeds of EUR 51.1 million

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Publication of an insider information in accordance with Article 17 MAR

TAG Immobilien AG successfully placed 4,095,124 treasury shares - Gross proceeds of EUR 51.1 million

Hamburg, 7 March 2017 - On 6 March 2017, TAG Immobilien AG (the "Company") placed 4,095,124 treasury shares (the "Placement Shares"), representing approximately 2.8% of the Company's ordinary share capital, with institutional investors in an accelerated book-building process. The price of the Placement Shares was set at EUR 12.48 per share which represents a 2.0% discount to the last XETRA-closing price. This is equivalent to a 8.1% premium to the EPRA NAV per share of EUR 11.54 per share as of 31 December 2016. The Placement Shares represented the last remaining shares that were acquired by the Company at a price of EUR 9.30 per share via a share buyback conducted in financial year 2014.

The placement results in gross proceeds to the Company in an amount of EUR 51.1 million which are intended to be used to partially fund the acquisition of 1.441 residential units in the city Brandenburg as announced on 6 March 2017, for further acquisitions as well as to further optimize its capital structure. The settlement of the transaction is expected to take place on 9 March 2016.

The Placement Shares rank pari passu in all respects with the existing shares of the Company (including as to dividend rights for financial year 2016).

Joh. Berenberg, Gossler & Co. KG acted as Sole Bookrunner in connection with the placing.

Disclaimer

THIS PUBLICATION IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED, AND SHOULD NOT BE CONSTRUED, AS AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR ANY SHARES OR OTHER SECURITIES OF TAG IMMOBILIEN AG (THE "COMPANY"), HAMBURG IN ANY JURISDICTION, INCLUDING THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA. NEITHER THIS PUBLICATION NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION. NO PUBLIC OFFERING OF SECURITIES OF THE COMPANY IS BEING, OR WILL BE, MADE IN ANY JURISDICTION. THE SECURITIES OF THE COMPANY DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES, AND MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES ABSENT REGISTRATION UNDER THE SECURITIES ACT OR AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN COMPLIANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES. THERE WILL BE NO PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES.

IN THE UNITED KINGDOM, THIS PUBLICATION IS ONLY BEING DISTRIBUTED TO AND IS ONLY DIRECTED AT PERSONS WHO (I) ARE INVESTMENT PROFESSIONALS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE "ORDER") OR (II) ARE PERSONS FALLING WITHIN ARTICLE 49(2)(A) TO (D) (HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC.) OF THE ORDER (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THIS PUBLICATION IS DIRECTED ONLY AT RELEVANT PERSONS AND MUST NOT BE ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS PUBLICATION RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.

THE SOLE BOOKRUNNER IS ACTING EXCLUSIVELY FOR THE COMPANY AND NO-ONE ELSE IN CONNECTION WITH THE PLACING. THE SOLE BOOKRUNNER WILL NOT REGARD ANY OTHER PERSON AS ITS CLIENT AND WILL NOT BE RESPONSIBLE TO ANYONE OTHER THAN THE COMPANY FOR PROVIDING THE PROTECTIONS AFFORDED TO ITS CLIENT, NOR FOR PROVIDING ADVICE IN RELATION TO THE CONTENTS OF THIS PUBLICATION OR ANY TRANSACTION, ARRANGEMENT OR OTHER MATTER REFERRED TO HEREIN.

NEITHER THE SOLE BOOKRUNNER NOR ANY OF ITS DIRECTORS, EMPLOYEES, ADVISERS OR AGENTS ACCEPTS ANY RESPONSIBILITY OR LIABILITY WHATSOEVER FOR (INCLUDING ANY LOSS HOWSOEVER ARISING FROM ANY USE OF THE PUBLICATION OR ITS CONTENTS OR OTHERWISE ARISING IN CONNECTION THEREWITH) OR MAKES ANY REPRESENTATION OR WARRANTY, EXPRESSED OR IMPLIED, AS TO THE TRUTH, ACCURACY OR COMPLETENESS OF THE INFORMATION IN THIS PUBLICATION (OR WHETHER ANY INFORMATION HAS BEEN OMITTED FROM THE PUBLICATION), WHETHER WRITTEN, ORAL OR IN A VISUAL OR ELECTRONIC FORM, AND HOWSOEVER TRANSMITTED OR MADE AVAILABLE.

Contact: TAG Immobilien AG Dominique Mann Head of Investor and Public Relations Phone: +49 40 380 32 300 E-Mail: ir@tag-ag.com

07-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: TAG Immobilien AG Steckelhörn 5 20457 Hamburg

Germany Phone: 040 380 32 0 Fax: 040 380 32 388 E-mail: ir@tag-ag.com Internet: http://www.tag-ag.com ISIN: DE0008303504, XS0954227210, DE000A12T101 WKN: 830350, A1TNFU, A12T10 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange   End of Announcement DGAP News Service

550911  07-March-2017 CET/CEST

@ dgap.de

Amazon wird sich schwarzärgern, aber …

… wir schenken Ihnen den Report „Börsenpsychologie - Markttechnik für Trader“ heute trotzdem kostenfrei. Normalerweise kostet der Report im Onlinehandel 39,99 Euro.

Sie können sich den genialen Report heute jedoch absolut kostenfrei sichern. Wir senden Ihnen den Report vollkommen KOSTENFREI zu.

Jetzt HIER klicken und dank richtigen Timing reich an der Börse werden!