DGAP-News: TAG Immobilien AG's capital increase considerably oversubscribed - TAG expects gross proceeds of around EUR 127 million from successful placement of shares
(firmenpresse) - DGAP-News: TAG Immobilien AG / Key word(s): Capital Increase
TAG Immobilien AG's capital increase considerably oversubscribed - TAG
expects gross proceeds of around EUR 127 million from successful
placement of shares
19.03.2012 / 09:00
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(Hamburg, 19 March 2012) TAG Immobilien AG ('TAG' in the following) has
issued approx. 20.6 million new shares, at a subscription price of EUR 6.15
per share, as part of a capital increase against contribution in cash that
was placed in full. The shares were offered to TAG shareholders as part of
a subscription offer during the time from 2 to 16 March 2012, and publicly
offered to private and institutional investors in Germany, and to
institutional investors as a private placement in selected other European
countries, until 19 March 2012. The capital increase was considerably
oversubscribed. Expected around 52% of the new shares were subscribed by
existing shareholders, and expected around 48% were placed with
institutional investors outside the existing shareholder group. No shares
were allocated to private investors beyond the subscription offer. The
emission of some 20.6 million new shares at EUR 6.15 each will generate
gross proceeds of around EUR 127 million for TAG.
The proceeds, net of emission costs, will largely be used to finance the
acquisition of DKB Immobilien AG ('DKBI' in the following). On 29 February
2012 TAG had tendered a binding offer to buy DKBI in the bidding procedure
administered by Deutsche Kreditbank AG. The offer to purchase DKBI also
includes a cash component of EUR 160 million. The decision on whether the
bid was successful is expected early next week (Calendar Week 13).
The capital increase is expected to be entered in the company register
shortly. It will increase TAG's equity by EUR 20,663,737, from EUR
75,764,513 to EUR 96,428,250. The new shares are scheduled for admission to
trading on the Frankfurt stock exchange as of 21 March 2012. Their delivery
is scheduled for 23 March 2012.
Kempen&Co. N.V., Amsterdam, and Close Brothers Seydler Bank AG, Frankfurt
am Main are the joint bookrunners of the capital increase.
Disclaimer:
This document is neither an offer to sell nor an invitation to tender
offers to buy or subscribe to securities. It is not intended for
shareholders and investors in the United States, Canada, Australia or
Japan.
Shares in the company will be offered solely based on the prospectus
approved by Germany's Federal Financial Supervisory Authority (BaFin),
which was published on 29 February 2012 on the company's homepage at
www.tag-ag.com/investor-relations.
Press enquiries:
TAG Immobilien AG
Investor&Public Relations
Britta Lackenbauer / Dominique Mann
Phone +49 40 380 32 0
Fax +49 40 380 32 390
pr(at)tag-ag.com
End of Corporate News
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19.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company 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
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Language:English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 390
E-mail: ir(at)tag-ag.com
Internet: http://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
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161113 19.03.2012
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Unternehmensinformation / Kurzprofil:
Datum: 19.03.2012 - 09:00 Uhr
Sprache: Deutsch
News-ID 125825
Anzahl Zeichen: 2972
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Kategorie:
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