EQS-News: Atrium European Real Estate Limited: Expiry of objections period in respect of the Merger between Atrium and Gazit Hercules 2020 Limited

EQS-News: Atrium European Real Estate Limited / Key word(s): Delisting
Atrium European Real Estate Limited: Expiry of objections period in
respect of the Merger between Atrium and Gazit Hercules 2020 Limited

14.01.2022 / 10:56
The issuer is solely responsible for the content of this announcement.

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Expiry of objections period in respect of the Merger between Atrium and
Gazit Hercules 2020 Limited

Merger is expected to close on 18 February 2022

Jersey, 14 January 2022 – On 23 December 2021, the shareholders of Atrium
European Real Estate Limited (VSE/Euronext: ATRS), („Atrium“ or the
„Company“) approved the terms of the proposed merger between Atrium and
Gazit Hercules 2020 Limited („Newco“), which is an indirect wholly-owned
subsidiary of Gazit-Globe Ltd („Gazit“) (the „Acquisition“).

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“). Post-completion of the Merger, Atrium
will continue as the surviving entity, wholly-owned by Gazit. Full details
of the Merger are contained in the circular published by Atrium on 23
November 2021 (the „Shareholder Circular“).

On 23 December 2021, a notice in relation to the proposed Merger was, in
accordance with the Companies Law, (i) dispatched to creditors of Atrium
and (ii) published in the Jersey Evening Post. Pursuant to the Companies
Law, creditors were entitled to deliver to Atrium a written objection to
the Merger and Atrium Shareholders were entitled to apply to the Court for
an order under the Companies Law on the grounds that the Merger would
unfairly prejudice the interests of the shareholder.

The last date for lodgment of a creditor objection or a shareholder
objection to the Merger in accordance with the Companies Law was 13
January 2022.

Atrium is pleased to announce that no objections were received from Atrium
creditors or Atrium Shareholders and there are currently no proposed
changes to the indicative timetable in respect of the Merger as set out in
the Shareholder Circular and the press release issued by the Company on 23
December 2021.

The Merger is expected to close on 18 February 2022.

Save as otherwise defined, capitalised terms used but not defined in this
press announcement shall have the meaning given to them in the Shareholder
Circular.

Enquiries

FTI Consulting Inc.: +44 (0)20 3727 1000

Richard Sunderland/ Claire Turvey/ Andrew Davis/ Ellie Sweeney:
[1]scatrium@fticonsulting.com

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14.01.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Atrium European Real Estate Limited
11-15 Seaton Place
JE4 0QH St. Helier
Jersey Guernsey
ISIN: JE00B3DCF752
WKN: A0X963
Listed: Amsterdam, Vienna Stock Exchange (Official Market)
EQS News ID: 1268929

 
End of News EQS News Service

1268929  14.01.2022 

References

Visible links
1. scatrium@fticonsulting.com

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