DGAP-News: TTL Beteiligungs- und Grundbesitz-AG will not carry out planned capital increase and placement of shares for the time being

Munich, 23 October 2018
 

TTL Beteiligungs- und Grundbesitz-AG will not carry out planned capital increase and placement of shares for the time being

• Offer of up to 8,800,000 new shares from a capital increase and 3,475,000 existing shares suspended for the time being
• Growth targets for 2018 confirmed

TTL Beteiligungs- und Grundbesitz-AG (ISIN DE0007501009), a holding company focusing on the commercial real estate market, today decided not to carry out the announced placement of a total of 12,275,000 shares by issuing up to 8,800,000 new shares from a capital increase and 3,475,000 existing shares from the holdings of existing shareholders for the time being. The background to this decision is the current difficult capital market environment.

The Management Board of TTL Beteiligungs- und Grundbesitz-AG confirms the recently increased growth targets for 2018.

Theo Reichert, CEO of TTL Beteiligungs- und Grundbesitz-AG, comments on the decision: "Due to the recent significant deterioration in the capital market environment, we do not consider the placement to be economically viable at the time being. We will continue to monitor the environment and possibly pursue this step further in the near future. Irrespective of this, the 2018 financial year is progressing very positively as expected. And we are sticking to our growth targets for this year."

Media and Investor Relations contact

Annette Kohler-Kruse
Instinctif Partners
Tel. +49 89 3090 5189-21
ir@ttl-ag.de
presse@ttl-ag.de

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