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TAG Immobilien AG Determines Volume of Capital Increase at 30 Million New Shares


Monday, 10 Dec 2012 04:51am EST 

TAG Immobilien AG (TAG) announced that on November 10, 2012 its Management Board, with the approval of the Supervisory Board, determined the final volume of the capital increase and resolved to increase the share capital of the Company by EUR 30 million through issuance of 30 million new no-par value bearer shares. 64% of the new shares have been placed with existing shareholders through the exercise of subscription rights. TAG will receive gross proceeds of EUR 270 million. The capital increase is expected to be registered with the commercial register on December 11, 2012. The admission of the new shares to trading on the Regulated Market (Regulierter Markt) of the Frankfurt Stock Exchange with simultaneous admission to the sub-segment of the Regulated Market with additional post-admission obligations (Prime Standard) is expected on the same day. The inclusion of the new shares in the existing price quotation of TAG's shares and book-entry delivery are expected on December 12, 2012. 

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8.881
-0.126 -1.40%
15 Aug 2014