Aroundtown SA (IRSH) 
AROUNDTOWN SA ANNOUNCES 77.5% FINAL ACCEPTANCE RATE OF THE OFFER TO 
SHAREHOLDERS OF TLG IMMOBILIEN AG 
 
13-Feb-2020 / 12:18 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
*THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY 
OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH 
AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION 
OF APPLICABLE LAWS OR REGULATIONS* 
 
*AROUNDTOWN ANNOUNCES 77.5% FINAL ACCEPTANCE RATE OF THE OFFER TO 
SHAREHOLDERS OF TLG IMMOBILIEN AG * 
 
_13 February 2020_ 
 
Aroundtown SA ('Aroundtown') announces the final result of the voluntary 
public takeover offer for all shares in TLG IMMOBILIEN AG ('TLG') with an 
acceptance rate of 77.5%. Including the TLG shares previously held, 
Aroundtown will hold 77.8% of the shares in TLG following the settlement. 
The high acceptance rate underlines investors' support and confidence in the 
value-add potential of the combined companies. 
 
The combination of Aroundtown and TLG will create the leading pan-European 
office/hotel/residential real estate company with a well-diversified 
portfolio in top tier European cities, primarily in Germany and the 
Netherlands, focused on the strongest asset classes. The complimentary 
platforms embed high value-add potential from the existing properties as 
well the develop-to-core development potential in prime locations and both 
companies are looking forward to integrate their capabilities in order to 
accelerate the extraction of this potential. The merger is credit rating 
supportive as it will enhance the business profile of both companies while 
maintaining solid and conservative financial fundamentals, positioning it 
well for its long-term credit rating target of A. 
 
The resulting increased market cap and higher free float will support the 
potential inclusion into the DAX index, opening the investor base for new 
markets with increased visibility and liquidity. 
 
Shmuel Mayo, CEO of Aroundtown: 'We are pleased to see a very positive 
feedback on the merger from the market, which we see reflected in the high 
acceptance rate. With the strong support received from both shareholder 
groups and the large scale and strong position of the combined company 
within the market we feel confident that we can deliver strong long-term 
accretive value for all shareholders.' 
 
Following the agreed new improved governance structure, which will be 
implemented over the next 12 weeks, TLG decided the intended nominees to be 
Klaus Krägel and Barak Bar-Hen as members to the new management body of 
Aroundtown which will consist of a total of 5 members. The final composition 
of the management body will be decided in the near future. 
 
Klaus Krägel is a supervisory board member of TLG and chairman of TLG's 
project development committee. Mr. Krägel has extensive experience in the 
German real estate industry among others as managing director in Goldman 
Sachs Realty Management as well as managing positions in DIM Holding AG, 
Deutsche Real Estate AG, Jones Lang LaSalle, AGIV Real Estate AG and GIV 
Management. 
 
Barak Bar-Hen is the CEO of TLG. Mr. Bar-Hen advised European real estate 
groups with respect to their operations in Germany and the Netherlands with 
a focus on developing value add properties. Previously he held various 
management positions within the Elad Group in the USA and Europe and was 
appointed as CEO of Elad Europe in 2008. He has many years of experience in 
the acquisition, development and operation of residential and commercial 
value add properties. 
 
The settlement date of the new shares to the TLG shareholders that have 
accepted the tender offer is expected to be on February 19, 2020. 
 
*About the Company* 
 
Aroundtown SA (symbol: AT1), trading on the Prime Standard of the Frankfurt 
Stock Exchange, is the largest listed and highest rated (BBB+ by S&P) German 
commercial real estate company. Aroundtown invests in income generating 
quality properties with value-add potential in central locations in top tier 
European cities mainly in Germany/NL. 
 
Aroundtown SA (ISIN: LU1673108939) is a public limited liability company 
(société anonyme) established under the laws of the Grand Duchy of 
Luxembourg, registered with the Luxembourg Trade and Companies Register 
(Registre de Commerce et des Sociétés, Luxembourg) under number B217868, 
having its registered office at 40, Rue du Curé, L-1368 Luxembourg, Grand 
Duchy of Luxembourg. 
 
*Contact * 
 
Timothy Wright 
 
T: +352 285 7741 
 
E: info@aroundtown.de 
 
www.aroundtown.de 
 
*DISCLAIMER * 
 
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION 
OF AN OFFER TO BUY ANY SECURITIES. 
 
THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT 
BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED 
(THE *SECURITIES ACT*), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES 
ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES 
ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED 
STATES. 
 
THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE UNITED 
KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING 
TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND 
MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE *ORDER*), (II) HIGH 
NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE 
COMMUNICATED FALLING WITHIN ARTICLE 49 OF THE ORDER, AND (III) PERSONS TO 
WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER 
BEING REFERRED TO AS *RELEVANT PERSONS*). THIS COMMUNICATION MUST NOT BE 
READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY 
INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS 
AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT 
PERSONS. 
 
IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA (*EEA*), THIS ANNOUNCEMENT 
AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED ONLY AT PERSONS WHO ARE 
'QUALIFIED INVESTORS' WITHIN THE MEANING OF ARTICLE 2(1)(E) OF DIRECTIVE 
2003/71/EC, AS AMENDED (THE *PROSPECTUS DIRECTIVE*) (*QUALIFIED INVESTORS*). 
ANY PERSON IN THE EEA WHO ACQUIRES THE SECURITIES IN ANY OFFER (AN 
*INVESTOR*) OR TO WHOM ANY OFFER OF THE SECURITIES IS MADE WILL BE DEEMED TO 
HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY INVESTOR 
WILL ALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THAT ANY SECURITIES 
ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON BEHALF OF PERSONS IN 
THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES BEEN 
ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE IN THE EEA TO PERSONS WHERE 
THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY AROUNDTOWN OR ANY OF 
THE MANAGERS OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS 
DIRECTIVE. 
 
THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND 
OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE 
FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH 
STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO 
RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF AROUNDTOWN 
SA. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A NUMBER OF 
FACTORS. 
 
ISIN:          LU1673108939, XS1227093611, XS1336607715, XS1403685636, 
               XS1449707055, XS1532877757, XS1540071724, XS1586386739, 
               XS1649193403, XS1700429308, XS1715306012, XS1761721262, 
               XS1815135352, XS1753814141, CH0398677689, XS1857310814 
Category Code: MER 
TIDM:          IRSH 
LEI Code:      529900H4DWG3KWMBMQ39 
Sequence No.:  46502 
EQS News ID:   974773 
 
End of Announcement EQS News Service

(END) Dow Jones Newswires

February 13, 2020 06:18 ET (11:18 GMT)