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    DGAP-News  131  0 Kommentare TLG IMMOBILIEN AG intends to launch public self-tender offer for up to 5.22% of the share capital - Seite 2

    The rationale behind the public self-tender offer is to benefit from the significant share price discount to the underlying net asset value and current operational performance of TLG.

    TLG shareholders may tender all or part of TLG shares by either specifying a price within the price range or with no specified price in which case they will commit to selling their tendered TLG shares at the final purchase price as determined by the Company after expiration of the acceptance period. The final purchase price for all TLG shares acquired will be equal to the highest price TLG will have to pay in order to purchase the final offer volume as set by TLG. In the event that, based on the tenders, TLG is in a position to only acquire a number of TLG shares equal to or lower than 2,00% of TLG's share capital the final purchase price will be equal to the highest price specified in any of the tenders.

    If the public self-tender offer is oversubscribed the relevant tenders will be accounted for on a pro rata basis. An oversubscription occurs if the aggregate number of TLG Shares tendered with no specified price and at a specified price which is equal to or lower than the final purchase price exceeds the final offer volume as determined by the Company. Tenders for one hundred TLG shares or fewer will be considered with preference.

    TLG expects to publish the final purchase price and the final offer volume in the Federal Gazette and on the Company's website following expiration of the acceptance period on March 24, 2021. All publications by TLG in connection with the public self-tender offer are available in German and as a non-binding English translation at https://www.tlg.eu/en/ under the section "Investor Relations - Self-Tender Offer".

    CONTACT

    Armin Heidenreich
    General Counsel
    Hausvogteiplatz 12
    10117 Berlin
    Phone: +49 30 2470 6343
    E-mail: armin.heidenreich@tlg.de
     
     

    IMPORTANT INFORMATION

    THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND CONSTITUTES NEITHER AN INVITATION TO SELL, NOR AN OFFER TO PURCHASE, SECURITIES OF TLG IMMOBILIEN AG ("TLG"). THE FINAL TERMS AND FURTHER PROVISIONS REGARDING THE PUBLIC SELF-TENDER OFFER ARE DISCLOSED IN THE OFFER DOCUMENT. INVESTORS AND HOLDERS OF SECURITIES OF TLG ARE STRONGLY RECOMMENDED TO READ THE OFFER DOCUMENT AND ALL ANNOUNCEMENTS IN CONNECTION WITH THE PUBLIC SELF-TENDER OFFER AS SOON AS THEY ARE PUBLISHED, SINCE THEY WILL CONTAIN IMPORTANT INFORMATION.

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    DGAP-News TLG IMMOBILIEN AG intends to launch public self-tender offer for up to 5.22% of the share capital - Seite 2 DGAP-News: TLG IMMOBILIEN AG / Key word(s): Share Buyback/Real Estate TLG IMMOBILIEN AG intends to launch public self-tender offer for up to 5.22% of the share capital 17.02.2021 / 13:45 The issuer is solely responsible for the content of this …