06.03.2017
TAG Immobilien AG DE0008303504
DGAP-Adhoc: TAG Immobilien AG resolves to sell up to 4,095,124 treasury shares
DGAP-Ad-hoc: TAG Immobilien AG / Key word(s): Transaction in Own Shares
TAG Immobilien AG resolves to sell up to 4,095,124 treasury shares
06-March-2017 / 17:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
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, 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 resolves to sell up to 4,095,124 treasury shares
Hamburg, 6 March 2017 - Today, the management board of TAG Immobilien AG
(the "Company"), Hamburg, resolved, with the approval of the Company's
supervisory board, to sell up to 4,095,124 treasury shares (the "Placing
Shares"), representing up to 2.8% of the share capital, held by the Company
(the "Placing"), in a private placement by means of an accelerated book-
building process.
The Placing Shares represent the last remaining shares from the share
buyback conducted by the Company in financial year 2014. They rank pari
passu in all respects with the existing shares of the Company (including as
to dividend rights for financial year 2016).
The Company intends to use the proceeds of the Placing 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 Placing will be launched with immediate effect and is expected to end
before markets open tomorrow, subject to acceleration or extension. The
Company's management board, with the approval of the Company's supervisory
board, will determine the final number of Placing Shares to be sold and the
price at which the Placing Shares are to be placed following the conclusion
of the accelerated book-building process.
The Placing Shares will be offered for purchase exclusively to
institutional investors in Germany and elsewhere in Europe in offshore
transactions as defined in, and in reliance on, Regulation S under the U.S.
Securities Act of 1933, as amended (the "Securities Act") and in the United
States only to persons reasonably believed to be "qualified institutional
buyers" as defined in Rule 144A under the Securities Act ("Rule 144A")
pursuant to Rule 144A.
Joh. Berenberg, Gossler & Co. KG will be acting 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: [email protected]
---------------------------------------------------------------------------
06-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: [email protected]
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
---------------------------------------------------------------------------
550759 06-March-2017 CET/CEST
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
TAG Immobilien AG ISIN: DE0008303504 können Sie bei EQS abrufen
Immobilien (Wohn) , 830350 , TEG , XETR:TEG