DGAP-Adhoc
TAG Immobilien AG: Purchase price for the buy-back of own shares is EUR 9.30
TAG Immobilien AG / Key word(s): Share Buyback
16.10.2014 19:43
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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TAG Immobilien AG
Hamburg
Purchase price for the buy-back of own shares is EUR 9.30
In the course of the Share Buy-Back Offer to purchase own shares published
in the Federal Gazette (Bundesanzeiger) and on TAG Immobilien AG's website
on 15 September 2014, TAG Immobilien AG has been offered 18,086,551 shares
within the price range of EUR 8.35 to EUR 9.35 until the expiry of the
Acceptance Period on 14 October 2014 (midnight, CEST).
The Final Purchase Price determined by the Company at the end of the period
in accordance with Section 3.4 of the Offer Document was calculated by way
of a modified Dutch auction and amounts to EUR 9.30 per share. Shares
offered at a higher price than the Final Purchase Price were not accepted
for repurchase and will be re-booked in accordance with Section 5.9 of the
Offer Document.
The Offer of TAG Immobilien AG referred to a repurchase of up to 13,129,831
shares in total ("Targeted Repurchase").
As the total number of shares for which the Offer has been accepted
("Relevant Tenders") exceeds the Targeted Repurchase, a pro-rata allocation
of the Relevant Tenders is made in a ratio of 1 to 0.996 with a rounding
down to the next full number of shares as described in Section 5.5 of the
Offer Document.
Hamburg, 16 October 2014
TAG Immobilien AG
The Management Board
Contact:
TAG Immobilien AG
Head of Investor and Public Relations Dominique Mann
Tel. +49 (0) 40 380 32 - 300
Fax +49 (0) 40 380 32 390
ir@tag-ag.com
16.10.2014 The DGAP 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@tag-ag.com
Internet: http://www.tag-ag.com
ISIN: DE0008303504, XS0954227210, DE000A12T101
WKN: 830350, A1TNFU, A12T10
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart
End of Announcement DGAP News-Service
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Hamburg
Purchase price for the buy-back of own shares is EUR 9.30
In the course of the Share Buy-Back Offer to purchase own shares published
in the Federal Gazette (Bundesanzeiger) and on TAG Immobilien AG's website
on 15 September 2014, TAG Immobilien AG has been offered 18,086,551 shares
within the price range of EUR 8.35 to EUR 9.35 until the expiry of the
Acceptance Period on 14 October 2014 (midnight, CEST).
The Final Purchase Price determined by the Company at the end of the period
in accordance with Section 3.4 of the Offer Document was calculated by way
of a modified Dutch auction and amounts to EUR 9.30 per share. Shares
offered at a higher price than the Final Purchase Price were not accepted
for repurchase and will be re-booked in accordance with Section 5.9 of the
Offer Document.
The Offer of TAG Immobilien AG referred to a repurchase of up to 13,129,831
shares in total ("Targeted Repurchase").
As the total number of shares for which the Offer has been accepted
("Relevant Tenders") exceeds the Targeted Repurchase, a pro-rata allocation
of the Relevant Tenders is made in a ratio of 1 to 0.996 with a rounding
down to the next full number of shares as described in Section 5.5 of the
Offer Document.
Hamburg, 16 October 2014
TAG Immobilien AG
The Management Board
Contact:
TAG Immobilien AG
Head of Investor and Public Relations Dominique Mann
Tel. +49 (0) 40 380 32 - 300
Fax +49 (0) 40 380 32 390
ir@tag-ag.com
16.10.2014 The DGAP 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@tag-ag.com
Internet: http://www.tag-ag.com
ISIN: DE0008303504, XS0954227210, DE000A12T101
WKN: 830350, A1TNFU, A12T10
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart
End of Announcement DGAP News-Service
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