Aroundtown Announces Publication of Offer Document for Public Delisting Tender Offer to Shareholders of TLG IMMOBILIEN AG

Rhea-AI Summary

Aroundtown SA has published the offer document for a public delisting tender offer to acquire the shares of TLG IMMOBILIEN AG. This cash offer is in accordance with the German Securities Acquisition and Takeover Act and aims to inform TLG shareholders about the opportunity to sell their shares back to Aroundtown. The offer is only valid under German law, and shareholders are encouraged to read the complete offer document for essential details. Aroundtown retains the right to acquire shares outside of this offer, and any forward-looking statements are subject to risks and uncertainties.

Positive

• Public delisting tender offer aims to simplify Aroundtown's shareholder structure.
• Offer enhances liquidity for TLG shareholders, allowing them to sell shares back to Aroundtown.

Negative

• The public tender offer may indicate a strategic shift that might concern some investors about Aroundtown's future.
• Forward-looking statements carry risks and uncertainties that could impact investor confidence.

Press Release to the Announcement pursuant to Section 14 para. 3 sentence 1 no. 2 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - WpÜG) in conjunction with Section 39 para. 2 sentence 3 no. 1 German Stock Exchange Act (Börsengesetz - BörsG)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

LUXEMBOURG / ACCESSWIRE / November 5, 2021 / Aroundtown SA ("Aroundtown") announces today the publication of the offer document for the public delisting tender offer (cash offer) to the shareholders of TLG IMMOBILIEN AG ("TLG"), for the acquisition of their no-par-value bearer shares in the Company (ISIN DE000A12B8Z4) as well as its non-binding English convenience translation. These documents are available for distribution free of charge at Deutsche Bank Aktiengesellschaft, Trust & Agency Services, Post-IPO Services, Taunusanlage 12, 60325 Frankfurt am Main, Germany (requests to be made by providing a complete address by fax to +49 69 910 38794 or via e-mail to dct.tender-offers@db.com) as well as on Aroundtown's website at https://www.aroundtown.de/investor-relations/equity/delisting-angebot-tlg-immobilien-ag/.

Contact

Timothy Wright
T: +352 288 313|
E: info@aroundtown.de
http://www.aroundtown.de

Important note:

This announcement is for information purposes only and neither constitutes an invitation to sell, nor an offer to purchase, securities of the TLG but constitutes a legally required announcement according to the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz - "WpÜG") in conjunction with Section 39 para. 2 sentence 3 no. 1 German Stock Exchange Act (Börsengesetz - "BörsG") in the context of a public delisting tender offer (the "Offer"). The final terms and further provisions regarding the Offer are disclosed in the offer document that has been approved for publication by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsgsaufsicht). Investors and holders of securities of the TLG are strongly recommended to read the offer document and all announcements in connection with the Offer as they contain or will contain important information.

The Offer will be made exclusively under the laws of the Federal Republic of Germany, especially under the WpÜG, the BörsG and certain provisions of the securities laws of the United States of America applicable to cross-border tender offers. The Offer will not be executed according to the provisions of jurisdictions other than those of the Federal Republic of Germany or the United States of America (to the extent applicable). Thus, no other announcements, registrations, admissions or approvals of the Offer outside of the Federal Republic of Germany have been filed, arranged for or granted. Investors in, and holders of, securities in the TLG cannot rely on having recourse to provisions for the protection of investors in any jurisdiction other than the provisions of the Federal Republic of Germany.

Subject to the exceptions described in the offer document as well as any exemptions that may be granted by the relevant regulators, a public tender offer will not be made, neither directly nor indirectly, in jurisdictions where to do so would constitute a violation of the laws of such jurisdiction.

Aroundtown reserves the right, to the extent legally permitted, to directly or indirectly acquire further shares outside the Offer on or off the stock exchange. If such further acquisitions take place, information about such acquisitions, stating the number of shares acquired or to be acquired and the consideration paid or agreed on, will be published without undue delay, if and to the extent required by the laws of the Federal Republic of Germany or any other relevant jurisdiction.

To the extent any announcements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words "expect", "believe", "estimate", "intend", "aim", "assume" or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of Aroundtown and the persons acting together with Aroundtown. Such forward-looking statements are based on current plans, estimates and forecasts, which Aroundtownand the persons acting together with Aroundtown have made to the best of their knowledge, but which they do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by Aroundtown or the persons acting together with the Aroundtown. These expectations and forward-looking statements can turn out to be incorrect and the actual events or consequences may differ materially from those contained in or expressed by such forward-looking statements. Aroundtown and the persons acting together with Aroundtowndo not assume an obligation to update the forward-looking statements with respect to the actual development or incidents, basic conditions, assumptions or other factors.

SOURCE: Aroundtown SA

View source version on accesswire.com:
https://www.accesswire.com/671356/Aroundtown-Announces-Publication-of-Offer-Document-for-Public-Delisting-Tender-Offer-to-Shareholders-of-TLG-IMMOBILIEN-AG

FAQ

What is Aroundtown's public delisting tender offer for TLG IMMOBILIEN AG?

Aroundtown's public delisting tender offer allows TLG shareholders to sell their shares back to Aroundtown as part of a cash offer.

Where can I find the offer document for Aroundtown's tender offer?

The offer document is available for distribution through Deutsche Bank and on Aroundtown's investor relations website.

What are the risks associated with Aroundtown's forward-looking statements?

Forward-looking statements by Aroundtown may not hold true as they are subject to various risks and uncertainties impacting future outcomes.

Will the tender offer be valid outside of Germany?

No, the tender offer is exclusively valid under German law, and no announcements or approvals are filed outside Germany.

How can TLG shareholders respond to Aroundtown's tender offer?

TLG shareholders can respond by reviewing the offer document and following the procedures outlined for selling their shares back to Aroundtown.