Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  TLG Immobilien AG    TLG   DE000A12B8Z4

TLG IMMOBILIEN AG

(TLG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

TLG IMMOBILIEN AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

share with twitter share with LinkedIn share with facebook
share via e-mail
01/24/2020 | 09:50am EDT

DGAP Voting Rights Announcement: TLG IMMOBILIEN AG
TLG IMMOBILIEN AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

24.01.2020 / 15:47
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Notification of Major Holdings

1. Details of issuer
Name: TLG IMMOBILIEN AG
Street: Hausvogteiplatz 12
Postal code: 10117
City: Berlin
Germany
Legal Entity Identifier (LEI): 549300NYSIH10FPUO363

2. Reason for notification
  Acquisition/disposal of shares with voting rights
  Acquisition/disposal of instruments
  Change of breakdown of voting rights
X Other reason:
Tender of TLG-shares by Ouram Holding S.a r.l. under the Irrevocable into the Offer, for details see sec, 10 below

3. Details of person subject to the notification obligation
Legal entity: Aroundtown SA
City of registered office, country: Luxembourg, Luxembourg

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
 

5. Date on which threshold was crossed or reached:
17 Jan 2020

6. Total positions
  % of voting rights attached to shares
(total of 7.a.)
% of voting rights through instruments
(total of 7.b.1 + 7.b.2)
Total of both in %
(7.a. + 7.b.)
Total number of voting rights pursuant to Sec. 41 WpHG
New 0.28 % 10.41 % 10.69 % 112,075,176
Previous notification 0.28 % 27.93 % 28.2 % /

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)
ISIN Absolute In %
  Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
Direct
(Sec. 33 WpHG)
Indirect
(Sec. 34 WpHG)
DE000A12B8Z4 0 310,855 0 % 0.28 %
Total 310,855 0.28 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in %
%
    Total %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in %
Irrevocable undertaking to accept a public takeover offer Physical 11,670,823 10.41 %
Call Option Physical 11,670,823 10.41 %
      Total 11,670,823 10.41 %

8. Information in relation to the person subject to the notification obligation
  Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more)
Aroundtown SA % 10.41 % 10.41 %
Camelbay Limited % % %
Aroundtown Real Estate Limited % % %
Ntovelo Limited % % %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:
Proportion of voting rights Proportion of instruments Total of both
% % %

10. Other explanatory remarks:
In context of the current Offer Aroundtown SA entered into an irrevocable undertaking agreement on 18 November 2019 with Ouram Holding S.à r.I. regarding its undertaking to accept the Offer ("Irrevocable"). On 17 January 2020 19,596,799 (17.49%) out of 31,267,622 (27.9%) TLG-shares under the Irrevocable were tendered into the Offer. Those shares are already included in the interim acceptance rate of 48.7% as published on 21 January 2020. As part of the Irrevocable, Aroundtown SA owns a call option for up to 10.41 % of the shares in TLG, which relates to the same 10.41% of TLG-shares as part of the remaining Irrevocable. Accordingly, these instruments will not be aggregated. 

Date
23 Jan 2020



24.01.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: TLG IMMOBILIEN AG
Hausvogteiplatz 12
10117 Berlin
Germany
Internet: www.tlg.de

 
End of News DGAP News Service

961005  24.01.2020 

fncls.ssp?fn=show_t_gif&application_id=961005&application_name=news&site_id=zonebourse

© EQS 2020
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TLG IMMOBILIEN AG
03/23TLG IMMOBILIEN AG : Preliminary announcement of the publication of financial rep..
EQ
03/18TLG IMMOBILIEN : with strong preliminary financial figures
EQ
03/02TLG IMMOBILIEN AG : Release according to Article 40, Section 1 of the WpHG [the ..
EQ
02/28TLG IMMOBILIEN AG : Release according to Article 41 of the WpHG [the German Secu..
EQ
02/27TLG IMMOBILIEN AG : Release according to Article 40, Section 1 of the WpHG [the ..
EQ
02/25TLG IMMOBILIEN AG : Release according to Article 40, Section 1 of the WpHG [the ..
EQ
02/20TLG IMMOBILIEN AG : Release according to Article 40, Section 1 of the WpHG [the ..
EQ
02/17AROUNDTOWN SA : Announces 77.5% Final Acceptance Rate Of The Offer To Shareholde..
AQ
02/13TLG IMMOBILIEN AG : Release according to Article 40, Section 1 of the WpHG [the ..
EQ
01/31TLG IMMOBILIEN AG : Release according to Article 41 of the WpHG [the German Secu..
EQ
More news
Financials (EUR)
Sales 2019 232 M
EBIT 2019 179 M
Net income 2019 552 M
Debt 2019 2 345 M
Yield 2019 6,72%
P/E ratio 2019 2,77x
P/E ratio 2020 6,02x
EV / Sales2019 16,9x
EV / Sales2020 14,8x
Capitalization 1 594 M
Chart TLG IMMOBILIEN AG
Duration : Period :
TLG Immobilien AG Technical Analysis Chart | TLG | DE000A12B8Z4 | MarketScreener
Technical analysis trends TLG IMMOBILIEN AG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 29,90  €
Last Close Price 14,22  €
Spread / Highest target 146%
Spread / Average Target 110%
Spread / Lowest Target 68,8%
EPS Revisions
Managers
NameTitle
Barak Bar-Hen Chairman-Management Board & CEO
Sascha Hettrich Chairman-Supervisory Board
Jürgen Overath Chief Operating Officer
Gerald Klinck Chief Financial Officer
Helmut Ullrich Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
TLG IMMOBILIEN AG-50.02%1 759
CBRE GROUP, INC.-33.06%13 420
ZILLOW GROUP, INC.-24.11%7 603
JONES LANG LASALLE INCORPORATED-38.28%5 540
CHINA OVERSEAS PROPERTY HOLDINGS LIMITED3.94%2 963
CUSHMAN & WAKEFIELD PLC-37.92%2 790