checkAd

EANS-Adhoc Atrium European Real Estate Limited / Atrium's Independent Committee and Gazit Globe announce proposed merger for EUR3.63 per Atrium share in cash - ATTACHMENT

--------------------------------------------------------------------------------
Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------

Company Information/Mergers - Acquisitions - Takeovers
17.10.2021

St Helier Jersey / Channel Islands -
Atrium's Independent Committee and Gazit Globe announce proposed merger for
EUR3.63 per Atrium share in cash

Ad hoc announcement - Jersey, 18 October 2021, Atrium European Real Estate
Limited (VSE/ Euronext: ATRS) ("Atrium" or the "Company" and together with its
subsidiaries, the "Group"), a leading owner, operator and redeveloper of
shopping centres and retail real estate in Central Europe, announces that the
Independent Committee of the Board of Directors (the "Independent Committee") of
Atrium and the board of directors of Gazit Hercules 2020 Limited ("Newco"),
which is an indirect wholly-owned subsidiary of Gazit-Globe Ltd ("Gazit"), have
signed a definitive merger agreement for a recommended cash acquisition (the
"Acquisition") of the entire issued and to be issued ordinary share capital of
Atrium that is not already owned directly or indirectly by Gazit or its
affiliates for cash at a price of EUR3.63 per Atrium share (the "Offer Price"),
including a payment in the amount of EUR3.03 per share in cash paid by Gazit and
EUR0.60 per share by way of a cash dividend paid by the Company (the "Special
Dividend").

In addition to the increase of the Offer Price, the Independent Committee has
also negotiated that Atrium shareholders are entitled to receive the pro-rata
funds from operations less maintenance capital expenditure generated between the
date of the last dividend payment and completion of the Acquisition (the
"AFFO"). Shareholders will receive both the Offer Price and the AFFO.

The Acquisition is to be implemented by means of a statutory merger between the
Company and Newco under Part 18B of the Companies (Jersey) Law 1991, as amended
(the "Merger").

The Offer Price reflects an increase of EUR0.28 per share or 8.4% compared to
the initial proposal of Gazit of EUR3.35 per share submitted on 2 August 2021
(the "Initial Proposal") as well as the inclusion of additional dividends
payable up to closing, reflective of AFFO. The Offer Price also implies a 23.9%
premium to the unaffected share price as of 30 July 2021 (EUR2.93 per share), a
Seite 1 von 3
Atrium European Real Estate Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de





0 Kommentare
Nachrichtenagentur: news aktuell
18.10.2021, 09:10  |  166   |   |   

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

EANS-Adhoc Atrium European Real Estate Limited / Atrium's Independent Committee and Gazit Globe announce proposed merger for EUR3.63 per Atrium share in cash - ATTACHMENT - Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. - Company …

Nachrichten des Autors

Titel
Titel
Titel
Titel