URW Press Release
Paris, Amsterdam, October 15, 2020
Press release
Unibail-Rodamco-Westfield (URW) today received
proposals from a consortium of investors representing 4.1% of the
share capital of the Group, ahead of the Extraordinary General
Meeting of November 10, 2020.
URW always welcomes views from its shareholders
and will continue to engage in a constructive and open dialogue
with them.
The Supervisory Board of URW convened today. It
expresses its strong disagreement with these proposals, which add
significant uncertainty and risk in the current complex
environment.
The Supervisory Board reiterates its unanimous
support and commitment to RESET, a comprehensive and
well-calibrated plan, which results from an in-depth review of the
Group’s strategic options.
Colin Dyer, Chairman of the Supervisory Board,
declares: “The RESET plan is already on track, as evidenced by the
recent announcement of the disposal of the SHiFT office building,
which demonstrates URW management’s ability to deliver on its
strategic roadmap. The RESET plan is about immediate action to
ensure the operational and financial flexibility of the Group. It
will reinforce URW in the long term to the benefit of all its
shareholders.”
For further information, please
contact:
Investor Relations Samuel Warwood Maarten
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
- 20201015 URW Press Release
Grafico Azioni Unibail Rodamco Westfield (BIT:URW)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Unibail Rodamco Westfield (BIT:URW)
Storico
Da Apr 2023 a Apr 2024
