Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited
Intention to hold EGM

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 13.03.2009 Atrium European Real Estate Limited ("Atrium" or the "Company") Intention to hold EGM Jersey, 13 March 2009. Atrium European Real Estate (VSX: ATR), one of the leading real estate companies focused on shopping centre investment, management and development in Central and Eastern Europe, announces today that it intends to convene an extraordinary general meeting ("EGM") at which it will propose a number of amendments to the Company's Memorandum and Articles of Association principally designed to allow the Company to re-list its Ordinary Shares on Euronext and address certain administrative issues, seek the approval of an Employee Share Option Plan and create a framework to dispense with the Special Voting Shares issued in August 2008 that may include the purchase by the Company of the Special Voting shares at their nominal value which, if undertaken, would be for an aggregate consideration of no more than EUR2,500. A circular providing further details of each of the resolutions and the EGM, which is to be held on 6 April 2009, is expected to be published shortly and will be available on the Company's website (www.aere.com). The Board believes that the proposed resolutions will provide a number of benefits for the Company. The proposed re-listing on Euronext would provide the Company with the flexibility to access a larger and, by implication, cheaper pool of capital than is presently the case and enhance the liquidity and pricing of the Ordinary Shares and other securities. By adopting an Employee Share Option Plan, the Board believes it will provide a comprehensive and effective method of incentivising key members of the Group's executive and management team. In addition, creating a solution to dispense with the Special Voting Shares is a step towards rationalization of the Company's shareholding structure which is for the benefit of the Shareholders generally. -Ends- For further information: Financial Dynamics: +44 (0)207 831 3113 Richard Sunderland Stephanie Highett Laurence Jones Richard.sunderland@fd.com end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Atrium European Real Estate Limited Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Financial Dynamics, London Stephanie Highett / Richard Sunderland Phone: +44 (0)20 7831 3113 mailto:richard.sunderland@fd.com Branche: Real Estate ISIN: AT0000660659 WKN: 066065 Index: Standard Market Continous Börsen: Wiener Börse AG / official market

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