UNIBAIL-RODAMCO SE
Approval of the acquisition of Westfield Corporation and of all other resolutions at the Combined Annual General Meeting of May 17, 2018
Paris, Amsterdam, May 17, 2018
Press release
Unibail-Rodamco S.E.: Approval of the acquisition of Westfield Corporation and of all other resolutions at the Combined Annual General Meeting of May 17, 2018
Approval of the Westfield Transaction
Unibail-Rodamco's Combined Annual General Meeting took place at the Hôtel Salomon de Rothschild, Paris. All resolutions submitted for approval by shareholders were adopted, including those related to the Westfield Transaction and the stapled share structure of the New Group. The stapled security of the New Group, composed of one Unibail-Rodamco share and one WFD Unibail-Rodamco N.V. class A share, will be listed on Euronext Amsterdam (market of reference) and Euronext Paris and be traded under a single quotation line (ticker: URW). In addition, the stapled security will be listed on the Sydney stock exchange in the form of a Chess Depositary Interest.
Detailed results of the votes are available on the Group's website (www.unibail-rodamco.com).
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On May 24, 2018, Westfield securityholders will convene to vote on the schemes of arrangement to approve the Transaction.
The Westfield Transaction has been unanimously recommended by the Lowy family and Westfield's Board of Directors. On April 12, 2018, Westfield disclosed that the Australian Securities & Investments Commission (ASIC) had registered the Westfield Securityholder Booklet. This document includes a report by an Independent Expert, which concludes that the Transaction is in the best interests of Westfield securityholders, in the absence of a superior proposal.
Christophe Cuvillier, CEO of Unibail-Rodamco commented: "Today marks a new and major step forward in the acquisition of Westfield, a natural extension of Unibail-Rodamco's strategy of concentration, differentiation and innovation. I would like to thank our shareholders for their support for the proposed Transaction, which represents a compelling opportunity for continued profitable growth and value creation. We now look forward to the Westfield securityholders' vote on the Transaction, as the ultimate step toward the creation of the premier global developer and operator of flagship shopping destinations."