TAG Immobilien AG — Share Issue/Capital Change 2006

Jun 16, 2006

News Details

Ad-hoc | 16 June 2006 11:06

TAG Tegernsee Immobilien- und Beteiligungs-AG: Change in subscription price for intended cash equity issue

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Change in subscription price for intended cash equity issue At the annual general meeting taking place on June 30, 2006, the Management Board and the Supervisory Board of TAG Tegernsee Immobilien- und Beteiligungs-Aktiengesellschaft (hereinafter referred to as “TAG”) will be advising the shareholders to pass a resolution approving a cash increase in the Company’s share capital of up to € 25,112,728.00 subject to observance of the shareholders’ statutory pre-emptive subscription rights. The subscription price is to be at least € 10.00 on the basis of the proposal published on May 5, 2006. On June 15, 2006, a shareholder submitted a countermotion proposing that the minimum subscription price per new share be reduced to € 8.00. The Supervisory Board and the Management Board support this countermotion and therefore adopt it as their own. A reduction in the subscription price will allow the Company to respond to the trends in the capital market which have emerged since the publication of the invitation to the annual general meeting and which have also exerted pressure on TAG stock in line with the market as a whole. The Management Board Hamburg, June 16, 2006 (c)DGAP 16.06.2006 ————————————————————————— Language: English Issuer: TAG Tegernsee Immobilien u. Beteiligungs AG Steckelhörn 9 20457 Hamburg Deutschland Phone: +49 (0)40 30 60 59-40 Fax: +49 (0)40 30 60 59-49 email: info@tag-ag.com WWW: www.tag-ag.com ISIN: DE0008303504 WKN: 830350 indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service —————————————————————————