DGAP-News: TAG Immobilien AG: Repurchase Invitation to the holders of the series of Notes to tender for purchase for cash the outstanding Notes
ID: 282374
(firmenpresse) - DGAP-News: TAG Immobilien AG / Key word(s): Miscellaneous
TAG Immobilien AG: Repurchase Invitation to the holders of the series
of Notes to tender for purchase for cash the outstanding Notes
29.07.2013 / 08:50
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29 July 2013
NOT FOR DISTRIBUTION TO ANY UNITED STATES PERSON OR ANY PERSON LOCATED OR
RESIDENT IN THE UNITED STATES OF AMERICA
Repurchase Invitation by
TAG Immobilien AG
to the holders of the series of Notes to tender for purchase for cash the
outstanding Notes
at the Repurchase Price up to the Maximum Cash Consideration
TAG Immobilien AG (the Company) invites the holders of three series of
Notes to tender for purchase at the respective Repurchase Price (as defined
below) for cash as described below (the Repurchase Invitation). Credit
Suisse Securities (Europe) Limited will act as dealer manager (the Dealer
Manager) in relation to the Repurchase Invitation.
The Repurchase Invitation relates to the following series of convertible
notes (the Notes):
Description ISIN Denomin- Outstandi- Minimum RepurchaseThe respective final repurchase price of each series of Notes (the
ation ng Price
Principal
Amount
EUR 30,000,000 6.375 DE000A1E EUR EUR EUR 177.86 (excluding
per cent. LQF0 100.00 29,945,100 accrued interest)
Convertible Notes .00
due May 2015
EUR 66,600,000 6.50 DE000A1E EUR 7.40 EUR EUR 10.23 (including
per cent. 89W7 66,598,764 accrued interest to
Convertible Notes .20 the Settlement Date)
due December 2015
EUR 85,300,000 5.50 DE000A1P EUR EUR EUR 127,490.74
per cent. GZM3 100,000. 85,300,000 (excluding accrued
Convertible Notes 00 .00 interest)
due June 2019
Repurchase Price) will be determined following the Close of Invitation (as
defined below) and will be equal to an amount equal to or above the
respective Minimum Repurchase Price for such series of Notes (as set out in
the table). The Company has limited the Notes to be repurchased pursuant to
the Repurchase Invitation such that the cash amount to be paid in
consideration for the Notes (including of accrued interest to the
Settlement Date) will not exceed EUR 120,000,000 (the Maximum Cash
Consideration).
The Repurchase Invitation will be valid from its publication and presumably
until 6 pm CET on 30 July 2013 (the Close of Invitation).
Any proposals for sale under the Repurchase Invitation (Proposals) should
be directed to the Dealer Manager. Please call your regular sales contact
at the Dealer Manager or the number below. Following the Close of
Invitation, the Company may, in its absolute discretion, decide on the
acceptance or non-acceptance of any Proposal; however, the same Repurchase
Price shall apply to all Proposals accepted in relation to a particular
series of Notes to be repurchased.
The settlement of the Notes is expected to occur on 7 August 2013 (the
Settlement Date).
Dealer Manager:
Credit Suisse Securities (Europe) Limited
One Cabot Square
London E14 4QJ
United Kingdom
Tel. No.: +44 (0) 20 7883 6930
Fax No.: +44 (0) 20 7943 4428
Attention: Convertible Bonds Origination Desk
Disclaimer
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO OR TO ANY PERSON NOT FOR DISTRIBUTION TO ANY UNITED STATES PERSON OR
ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA LOCATED OR
RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS
(INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE
ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF
AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES). THE OFFER
REFERENCED HEREIN IS NOT BEING MADE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, OR BY USE OF THE MAILS, OR BY ANY MEANS OR INSTRUMENTALITY
OF INTERSTATE OR FOREIGN COMMERCE, OR OF ANY FACILITY OF A NATIONAL
SECURITIES EXCHANGE, OF THE UNITED STATES AND THE OFFER CANNOT BE ACCEPTED
BY ANY SUCH USE, MEANS, INSTRUMENTALITY OR FACILITY OR FROM WITHIN THE
UNITED STATES.
This release does not constitute an offer to sell or a solicitation of an
offer to purchase any securities in the United States. The securities
referred to herein (including the Notes and the shares of TAG Immobilien AG
have not been and will not be registered under the U.S. Securities Act of
1933, as amended (the Securities Act) or the laws of any state within the
U.S., and may not be offered or sold in the United States or to or for the
account or benefit of U.S. persons, except in a transaction not subject to,
or pursuant to an applicable exemption from, the registration requirements
of the Securities Act or any state securities laws. This release and the
information contained herein may not be distributed or sent into the United
States, or in any other jurisdiction in which offers or sales of the
securities described herein would be prohibited by applicable laws and
should not be distributed to United States persons or publications with a
general circulation in the United States. No offering of the Notes is being
made in the United States.
Press enquiries:
TAG Immobilien AG
Head of Investor&Public Relations
Dominique Mann
Tel. +49 (0) 40 380 32 0
Fax +49 (0) 40 380 32 390
pr(at)tag-ag.com
End of Corporate News
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29.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group 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
Indices: MDAX
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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223094 29.07.2013
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Datum: 29.07.2013 - 08:50 Uhr
Sprache: Deutsch
News-ID 282374
Anzahl Zeichen: 7080
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Kategorie:
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