DGAP-News: TAG Immobilien AG: Supervisory Board of TAG Immobilien commissions external audit by PwC

DGAP-News: TAG Immobilien AG: Supervisory Board of TAG Immobilien commissions external audit by PwC

ID: 306728

(firmenpresse) - DGAP-News: TAG Immobilien AG / Key word(s): Miscellaneous
TAG Immobilien AG: Supervisory Board of TAG Immobilien commissions
external audit by PwC

17.10.2013 / 13:52

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PRESS RELEASE

Supervisory Board of TAG Immobilien commissions external audit by PwC

Hamburg (17 October 2013) - The Supervisory Board of TAG Immobilien AG,
Hamburg ('TAG') today commissioned the PricewaterhouseCoopers AG
Wirtschaftsprüfungsgesellschaft ('PwC') to investigate the allegations
made against TAG Immobilien AG and its CEO Rolf Elgeti. It was claimed that
in the past, business transactions had been made to the disadvantage of
TAG. Beyond this, potential conflicts of interest were alleged, between the
private business activities of the Chairman of the Board, Mr Rolf Elgeti,
and those of TAG.

After careful consideration, the Supervisory Board has therefore decided to
commission the internationally renowned and independent auditing firm PwC
to review the aforementioned transactions, and in particular to determine
whether the principles of corporate governance were complied with.

The Supervisory Board reiterates that Mr Rolf Elgeti continues to enjoy its
full and complete trust and confidence.

The Supervisory Board will inform the shareholders and the general public
of the result once the findings of the review are in.

Press enquiries:
TAG Immobilien AG
Head of Investor&Public Relations
Dominique Mann
Phone +49 (0) 40 380 32 300
Fax +49 (0) 40 380 32 390
pr(at)tag-ag.com


End of Corporate News

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17.10.2013 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,
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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, XS0954227210
WKN: 830350, A1TNFU
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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235070 17.10.2013


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Bereitgestellt von Benutzer: EquityStory
Datum: 17.10.2013 - 13:52 Uhr
Sprache: Deutsch
News-ID 306728
Anzahl Zeichen: 4525

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Kategorie:

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