Atrium European Real Estate Limited
EANS-News: Atrium European Real Estate Limited
Publication of Scrip Dividend Circular Q4 2020
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Company Information/Dividend Announcements/Distribution
St Helier Jersey / Channel Islands -
Publication of Scrip Dividend Circular Q4 2020
Jersey, 2 December 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 that a
circular setting out details on the election being offered to Shareholders to
receive a Scrip Dividend for the Q4 2020 dividend distribution is now available
on the Company's website. Unless a Shareholder informs the Company that it
elects to receive the Scrip Dividend, the Q4 2020 dividend will be distributed
in cash. The relevant Q4 2020 dividend distribution timetable is set out below.
______________________________________________________________________________
|Q4 dividend |
|______________________________________________________________________________|
|Event | Time and/or date|
|______________________________________|_______________________________________|
|Q4 Ex-dividend date | 7 December 2020|
|______________________________________|_______________________________________|
|Q4 Dividend record date | 8 December 2020|
|______________________________________|_______________________________________|
|Commencement election period Q4 | |
|dividend | 09.00 a.m. (CET) on 9 December 2020|
|______________________________________|_______________________________________|
|Conclusion election period Q4 dividend| 4.00 p.m. (CET) on 21 December 2020|
|______________________________________|_______________________________________|
|Q4 Dividend payment date | 30 December 2020|
|______________________________________|_______________________________________|
Neither the Company nor Van Lanschot Kempen Wealth Management N.V. shall be
liable for any loss arising out of a failure of the election to be received by
Van Lanschot Kempen Wealth Management N.V. before conclusion of the election
period. For further information, reference is made to the aforementioned
circular.
Scrip Dividend exchange ratio
The number of new shares allotted to Shareholders that elect to receive the
Scrip Dividend will be one new share for every 35.7410 shares held by the
electing Shareholder. The exchange ratio has been calculated based on the volume
weighted average price of Atrium shares on Euronext Amsterdam and the Vienna
Stock Exchange during the reference period from 25 November 2020 until 1
December 2020, minus the dividend of 6.75EURcents and a 2% discount set by the
Directors, which amounts to EUR2.4125.
No fraction of a New Share will be allotted. Any entitlement which results in a
fractional New Share will be rounded down to the nearest whole number, with a
cash payment to be made to the relevant Shareholder in respect of the fraction.
For further information:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland/Claire Turvey/Andrew Davis: atrium@fticonsulting.com
[atrium@fticonsulting.com]
About Atrium European Real Estate
Atrium is a leading owner, operator and redeveloper of shopping centers and
retail real estate in Central Europe. Atrium specializes in locally dominant
food, fashion and entertainment shopping centers in the best urban locations.
Atrium owns 26 properties with a total gross leasable area of over 808,100 sqm
and with a total market value of approximately EUR2.5 billion. These properties
are located in Poland, the Czech Republic, Slovakia and Russia, and with the
exception of one, are all managed by Atrium's internal team of retail real
estate professionals.
In January 2020 Atrium announced a strategy to diversify its portfolio by
investing in and managing residential for rent real estate, with a primary focus
on Warsaw.
The Company is established as a closed-end investment company incorporated and
domiciled in Jersey and regulated by the Jersey Financial Services Commission as
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange
and the Euronext Amsterdam Stock Exchange. Appropriate professional advice
should be sought in the case of any uncertainty as to the scope of the
regulatory requirements that apply by reason of the above regulation and
listings. All investments are subject to risk. Past performance is no guarantee
of future returns. The value of investments may fluctuate. Results achieved in
the past are no guarantee of future results.
Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Richard.sunderland@fticonsulting.com
end of announcement euro adhoc
--------------------------------------------------------------------------------issuer: Atrium European Real Estate Limited
Seaton Place 11-15
UK-JE4 0QH St Helier Jersey / Channel Islands
phone: +44 (0)20 7831 3113
FAX:
mail: richard.sunderland@fticonsulting.com
WWW: http://www.aere.com
ISIN: JE00B3DCF752
indexes:
stockmarkets: Luxembourg Stock Exchange, Wien
language: English
Original content of: Atrium European Real Estate Limited, transmitted by news aktuell