URW - Deferral of conversions between CDIs and stapled shares
20 Ottobre 2020 - 6:00PM
URW - Deferral of conversions between CDIs and stapled shares
Paris, Amsterdam, October 20, 2020
Press release
Deferral of conversions between CDIs and stapled
shares
Unibail-Rodamco-Westfield
("URW") has previously announced that Tuesday,
November 3, 2020 (7:00pm, Australian Eastern Daylight Time) will be
the record date for the purpose of determining CHESS Depositary
Interest ("CDI") holders' entitlement to give
voting instructions for the Extraordinary General Meeting of
Unibail-Rodamco-Westfield SE ("URW SE") to be held
on Tuesday, November 10, 2020, to consider and vote on resolutions
relating to a proposed capital raising.
Whether or not a URW capital raising is
undertaken, and the form of any raising, is subject to not only URW
SE shareholder approval and Management Board approval but also
subject to market conditions and necessary regulatory approvals
being received.
URW has sought and been granted from the
Australian Securities Exchange ("ASX") waivers to
allow URW to defer, and not to process, conversions between its
stapled share and CDI registers during the period from and
including Wednesday, October 28, 2020, and:
- in the event that URW does not announce a rights issue on or
before Friday, November 13, 2020, ending on and including Friday,
November 13, 2020; and
- if there is a capital raising, and if it involves URW
announcing a rights issue on or before Friday, November 13, 2020,
ending on and including: (A) Wednesday, November 18, 2020 (being
the rights issue record date if a rights issue is announced on
Friday, November 13, 2020); or (B) if a rights issue is announced
before Friday, November 13, 2020 – the rights issue record date
which would be the third business day after the rights issue
announcement date.
Therefore, there will be a deferral and
no-processing of conversions between URW's stapled share and CDI
registers during the period described above.
This deferral period and the ASX waivers are
considered necessary to prevent the potential for votes to be cast
twice in respect of the same parcel of URW stapled shares as a
result of the record date for determining entitlements of CDI
holders to vote at the proposed URW SE Extraordinary General
Meeting being close to the record date for determining stapled
shareholders’ entitlements to vote. In addition, if the proposed
capital raising is approved and proceeds and involves a rights
issue, this deferral period and ASX waivers are necessary in order
to prevent the potential for any entitlement to subscription
rights, or to provide CHESS Depositary Nominees Pty Limited
instructions with respect to subscription rights, to be duplicated
across URW's stapled share and CDI registers.
For further information, please
contact:
Investor Relations Samuel WarwoodMaarten
Otte +33 1 76 77 58 02 Maarten.otte@urw.com
Media Relations Tiphaine Bannelier-Sudérie
+33 1 76 77 57 94 Tiphaine.Bannelier-Suderie@urw.com
About Unibail-Rodamco-Westfield
Unibail-Rodamco-Westfield is the premier global
developer and operator of Flagship Destinations, with a portfolio
valued at €60.4 Bn as at June 30, 2020, of which 86% in retail, 7%
in offices, 5% in convention & exhibition venues and 2% in
services. Currently, the Group owns and operates 89 shopping
centres, including 55 Flagships in the most dynamic cities in
Europe and the United States. Its centres welcome 1.2 billion
visits per year. Present on two continents and in 12 countries,
Unibail-Rodamco-Westfield provides a unique platform for retailers
and brand events and offers an exceptional and constantly renewed
experience for customers. With the support of its 3,400
professionals and an unparalleled track-record and know-how,
Unibail-Rodamco-Westfield is ideally positioned to generate
superior value and develop world-class projects.
Unibail-Rodamco-Westfield distinguishes itself by its Better Places
2030 agenda, that sets its ambition to create better places that
respect the highest environmental standards and contribute to
better cities. Unibail-Rodamco-Westfield stapled shares are listed
on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW),
with a secondary listing in Australia through Chess Depositary
Interests. The Group benefits from an A- rating from Standard &
Poor’s and from an Baa1 rating from Moody’s.
For more information, please visit
www.urw.comVisit our Media Library at
https://mediacentre.urw.comFollow the Group updates on Twitter
@urw_group, Linkedin @Unibail-Rodamco-Westfield and Instagram
@urw_group
- Deferral of conversions between CDIs and stapled shares
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