Franconofurt AG / Key word(s): Disposal 08.12.2010 14:31 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Franconofurt AG (ISIN:DE0006372626) today has sold its entire stake in TAG Immobilien AG (ISIN:DE0008303504) through a placement of shares to institutional investors. The price achieved per TAG Immobilien AG share is EUR 5.70. Gross proceeds received by Franconofurt amount to approx. EUR 31.8 million. TAG Immobilien AG has waived the initially agreed lock-up restriction due to the fact that the placement of the shares was done to investors with a long-term investment horizon. Franconofurt AG with the sale of the entire stake will record a book profit of approx. EUR 5 million effective in the fourth quarter 2010. Franconofurt AG expects for the year 2010 a HGB (German accounting principles) profit of EUR 9 million to EUR 10 million which will be the highest recorded net profit in the history of the company. The management board will propose a significantly higher dividend for the year 2010 at the next annual general meeting. The transaction was executed through Close Brothers Seydler Bank AG. 08.12.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Franconofurt AG Rossmarkt 11 60311 Frankfurt am Main Deutschland Phone: +49 (0)69 920 374 100 Fax: +49 (0)69 920 374 101 E-mail: info@franconofurt.de Internet: http://www.franconofurt.de ISIN: DE0006372626 WKN: 637262 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Franconofurt AG: Disposal of TAG-Shares
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