--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------
No Keyword
St Helier Jersey / Channel Islands -
Atrium European Real Estate Limited
Appointment of Independent Committee
Jersey, 19 August 2021 - On 2 August 2021 it was announced that the board of
directors of Atrium European Real Estate Limited (VSE/Euronext: ATRS), (the
Company) had received a proposal from Gazit Globe Limited (Gazit) to acquire the
equity of the Company that Gazit does not currently own for a consideration of
EUR3.35 per share (the Proposal).
The Company confirms that an independent committee of the board of directors of
the Company has been formed to consider the Proposal (the Independent
Committee). All the members of the Independent Committee are independent of
Gazit.
The Independent Committee intends to evaluate the Proposal fully and is
conscious of its duty to safeguard the interests of the minority shareholders.
The Independent Committee has retained UBS as financial adviser, Allen & Overy
LLP as international legal adviser and Appleby as legal adviser as to Jersey
law.
It is noted that the Proposal is subject to certain conditions and there is no
certainty that a transaction will result from the Proposal nor as to the terms
of any potential transaction. A further announcement will be made in due course
once the Independent Committee has fully considered the Proposal.
Enquiries
The Company
Doron Lavi Segelson dlavi@aere.com
FTI Consulting Inc
Richard Sunderland
Claire Turvey +44 (0)20 3727 1000
Ellie Sweeney scatrium@fticonsulting.com
Andrew Davis
UBS
Sebastiaan van Loon +44 (0)20 7568 0944
sebastiaan.vanloon@ubs.comImportant notice
UBS AG London Branch (UBS) is authorised and regulated by the Financial Market
Supervisory Authority in Switzerland. It is authorised by the Prudential
Regulation Authority and subject to regulation by the Financial Conduct
Authority and limited regulation by the Prudential Regulation Authority in the
United Kingdom. UBS is acting as financial adviser to the Company and no-one
else in connection with the matters described in this announcement and will not
be responsible to anyone other than the Company for providing the protections
afforded to clients of UBS nor for providing advice in connection with the
matters referred to herein. Neither UBS nor any of its affiliates owes or
accepts any duty, liability or responsibility whatsoever (whether direct or
indirect, whether in contract, in tort, under statute or otherwise) to any
person who is not a client of UBS in connection with this announcement, any
statement contained herein, the Proposal or otherwise.
Further inquiry note:
FTI Consulting Inc
Richard Sunderland
Claire Turvey
Ellie Sweeney
Andrew Davis
+44 (0)20 3727 1000
scatrium@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 APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE
