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Vastned Retail N.V.
AGM Information • Sep 25, 2024
3895_iss_2024-09-25_2062756d-32e5-474f-bd93-3b1ed7e45fca.pdf
AGM Information
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PRESS RELEASE
Resolutions of the Extraordinary General Meeting 2024 of Vastned
Hoofddorp, 25 September 2024 – Vastned announces that all the resolutions of the Extraordinary General Meeting (the 'EGM') of 25 September 2024 have been adopted.
The EGM was held in connection with the proposed reverse cross-border merger (the 'Merger') in which Vastned Retail N.V. ('Vastned' or 'Vastned Retail') will merge with and into Vastned Belgium NV in accordance with the common draft terms of the cross-border merger between Vastned Retail and Vastned Belgium NV dated 17 June 2024 (the 'Joint Merger Proposal').
The shareholders of Vastned have adopted all resolutions of the EGM with a significant majority of 99% or more.
The shareholders approved the proposal to amend Vastned's articles of association in accordance with the proposal reflected in the Dutch text of Annex 3 to the Joint Merger Proposal. Subsequently to the approval, Vastned's articles of association have been amended accordingly.
The shareholders of Vastned approved the proposal to enter into the Merger with a significant majority of 99.9%. The Merger will enter into force on 1 January 2025 at 0:00 AM Dutch and Belgian time, provided that the remaining conditions for the Merger are fulfilled or waived. Further information about the Merger is available at www.vastned.com/merger-documents/.
In addition, the shareholders approved the proposals to grant discharge to the members of Vastned's Executive Board and to the members of Vastned's Supervisory Board.
The EGM voting results will be placed on Vastned's corporate website within 15 days.
Dividend
Vastned announces to pay out an interim dividend of EUR 1.70 per Vastned Retail share. The Vastned Retail share will be quoted ex dividend on 3 December 2024 and the interim dividend will be made payable on 6 December 2024.
FINANCIAL CALENDAR 2024
| 24 October 2024 | before trading | 9M trading update 2024 |
|---|---|---|
| 03 December 2024 | Ex dividend shares Vastned Retail for interim dividend | |
| 06 December 2024 | Payment date of interim dividend Vastned Retail |
About Vastned
Vastned is a European publicly listed property company (Euronext Amsterdam: VASTN) focusing on the best property in the popular shopping areas of selected European cities with a historic city centre where shopping, living, working and leisure meet. Vastned's property clusters have a strong tenant mix of international and national retailers, food & beverage entrepreneurs, residential tenants, and office tenants. The property portfolio had a size of approximately € 1,236 million as at 30 June 2024.
Further information:
Remko Bakker Manager Treasury & Investor Relations [email protected] Tel: +31 20 24 24 368
Vastned Retail N.V.
Mercuriusplein 11 2132 HA Hoofddorp
PO Box 22276 1100 CG Amsterdam Tel.: +31 202424300 [email protected]
www.vastned.com
PRESS RELEASE
Legal Notice
The information in this press release is not intended to be complete. This press release is for information purposes only and does not constitute an offer, or any solicitation of any offer or any invitation, to sell, buy or subscribe for any securities. Shareholders are urged to read the prospectus and other materials published or to be published by Vastned and Vastned Belgium NV in connection with the Merger carefully when they become available because they will contain important information about the Vastned group and the Merger. This press release is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication or distribution would be unlawful. The distribution of this press release may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, Vastned disclaims any responsibility or liability for the violation of any such restrictions by any person. Any failure to comply with these restrictions may constitute a violation of the securities laws of that jurisdiction. Neither Vastned nor any of its advisors assumes any responsibility for any violation of any of these restrictions. Any shareholder of Vastned who is in any doubt as to his or her position should consult an appropriate professional advisor without delay.
Certain statements in this press release may be considered forward-looking statements. These forward-looking statements may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or state other information relating to the Vastned group, based on current beliefs of management as well as assumptions made by, and information currently available to, management. Forward-looking statements generally will be accompanied by words such as "anticipate," "believe," "plan," "could," "estimate," "expect," "forecast," "guidance," "intend," "may," "possible," "potential," "predict," "project" or other similar words, phrases or expressions. These forward-looking statements speak only as of the date of this press release. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future, and Vastned cannot guarantee the accuracy and completeness of forward-looking statements. A number of important factors, not all of which are known to Vastned or are within its control, could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the occurrence of any change, event or development that could give rise to the termination of the merger protocol entered into in connection with the Merger, failure to satisfy completion conditions with respect to the Merger on the proposed terms and timeframe, the possibility that the Merger does not close when expected or at all, the response to the Merger in the marketplace, the effect of the announcement or completion of the Merger on the ability of the Vastned group to retain key personnel, the occurrence of any unforeseen tax liabilities or developments in tax regimes, the ability to achieve the anticipated benefits from the Merger, and the effect of general economic or political conditions. Vastned expressly disclaims any obligation or undertaking to publicly update or revise any forward-looking statements, whether as a result of new information, a change in expectations or for any other reason.
Mercuriusplein 11 2132 HA Hoofddorp
PO Box 22276 1100 CG Amsterdam Tel.: +31 202424300 [email protected]
www.vastned.com