TLG IMMOBILIEN changes AGM date / Outstanding bond reduced
DGAP-News: TLG IMMOBILIEN AG / Key word(s): Miscellaneous/Real Estate
TLG IMMOBILIEN CHANGES AGM DATE / OUTSTANDING BOND REDUCED
Berlin, 28 April 2020 - TLG IMMOBILIEN AG (ISIN: DE000A12B8Z4) announces that it has decided to postpone its Annual General Meeting supposed to be held on 26 May 2020 due to the Covid 19 disruptions. The new date will be announced by TLG IMMOBILIEN at a later stage. TLG IMMOBILIEN will revise its 2020 financial calendar that will also include changes in its financial reporting dates.
As a result of the terms and conditions published in the Federal Gazette on 24 February 2020 TLG IMMOBILIEN's EUR 400 m 2024 bonds (ISIN XS1713475215) will be reduced by approx. EUR 260 m on 4 May 2020.
ABOUT TLG IMMOBILIEN AG
For over 25 years, the listed company TLG IMMOBILIEN AG has owned and rented out commercial properties in selected promising locations in Germany. The company continuously develops its portfolio and actively generates value through strategic investments and selected property acquisitions. As at 31 December 2019, its portfolio contains properties worth EUR 4.7 bn. As at the same reporting date, the adjusted EPRA Net Asset Value per share amounted to EUR 32.69. The portfolio comprises office properties in cities including Berlin, Dresden, Frankfurt/Main, Leipzig and Rostock. It also contains a regionally diversified portfolio of retail properties, primarily in the neighbourhood shopping segment, in promising micro-locations as well as seven hotels in top central locations. The properties of TLG IMMOBILIEN AG stand out not only due to their excellent locations but also because of their long-term rental or lease agreements. Its highly qualified employees guarantee extensive local market expertise at its individual locations.
This publication constitutes neither an offer to sell nor an invitation to buy securities.
This publication contains forward-looking statements based on current views and assumptions of TLG IMMOBILIEN AG's management and made to the best of knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause TLG IMMOBILIEN AG's revenues, profitability or the degree to which it performs or achieves its targets, to materially deviate from what is explicitly or implicitly stated or described in this publication. Therefore, persons who obtain possession of this publication should not rely on such forward-looking statements. TLG IMMOBILIEN AG accepts no guarantee or responsibility regarding such forward-looking statements and will not adjust them to future results or developments.
28.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.