EANS-News

Atrium European Real Estate Limited / PROPOSED SCRIP DIVIDEND PROGRAMME AND INTENTION TO HOLD AN EGM

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Company Information/Dividend Announcements/Distribution

St Helier, Jersey / Channel Islands -

ATRIUM ANNOUNCES PROPOSED SCRIP DIVIDEND PROGRAMME AND
INTENTION TO HOLD AN EGM
Jersey, 29 May 2020. Atrium European Real Estate Limited (VSE/Euronext: ATRS),
("Atrium" or the "Company"), a leading owner, operator and redeveloper of
shopping centres and retail real estate in Central Europe, announces the
introduction of a voluntary Scrip Dividend Programme. The programme will be
subject to the required shareholder approval being obtained at an extraordinary
general meeting (the "EGM").

Atrium is encouraged by the ongoing easing of government restrictions on trading
in Poland, the Czech Republic and Slovakia where c.80% of the Company's gross
lettable area is now open. Atrium maintains strong liquidity, with a cash
balance of EUR326 million including drawn down credit facilities and low
leverage of 34.5%. Given the ongoing uncertainty as a result of the pandemic and
its impact on trading, the Company believes that the implementation of a Scrip
Dividend Programme is a prudent initiative which provides additional flexibility
to address the challenges presented by the COVID-19 pandemic.

Scrip Dividend Programme

* The Board has resolved, subject to the required shareholder approval being
obtained, to offer shareholders (the "Shareholders") the option to receive
each of the Q2, Q3 and Q4 2020 dividend distributions either in cash ("Cash
Dividend") or in newly issued shares at a 2% discount to the reference share
price ("Scrip Dividend") via a Scrip Dividend Programme (the "Programme"). The
Company's dividend policy continues to be subject to quarterly review.
* The quarterly dividend distribution for Q2 of 2020 is maintained at EURcents
6.75 per share.
* Unless a Shareholder informs the Company that it elects to receive the Scrip
Dividend, the Cash Dividend will be distributed.
* Both the Cash Dividend and Scrip Dividend shall be deemed a repayment of
capital.


Extraordinary General Meeting
Atrium furthermore announces today that it will hold the EGM in order to obtain
the required shareholder approval at 09:00 a.m. (UK time) on Monday, 15 June
2020 at the offices of Aztec Financial Services (Jersey) Limited at 11-15 Seaton