Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited
Tender Offer for up to EUR120,000,000 of EUR600,000,000 5.375 per cent. Guaranteed Notes due 2013

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07.01.2010

Tender Offer for up to EUR120,000,000 of EUR600,000,000 5.375 per cent. Guaranteed Notes due 2013

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON  LOCATED  OR   RESIDENT  IN  THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE  UNITED  STATES OR THE DISTRICT OF COLUMBIA, TO ANY U.S. PERSON OR  TO  ANY  PERSON  LOCATED  OR RESIDENT IN ITALY (SEE "OFFER AND DISTRIBUTION RESTRICTIONS" BELOW)

Jersey, 7 January, 2010: Atrium European Real Estate  Limited   (Atrium  or  the Company) (ATX/Euronext:  ATRS),  a  leading  real   estate  company  focused  on shopping centre investment, management and development in Central  and  Eastern Europe,  announced  today   an  invitation  to  holders    of    its    outstanding EUR600,000,000 5.375 per cent. Guaranteed Notes  due  2013  (ISIN: XS0263871328)(the Notes) to tender their Notes for purchase by the  Company  for  cash (the Offer).  The Offer is being made on the terms and  subject  to   the conditions contained in the tender offer memorandum dated 7 January 2010 (the Tender Offer Memorandum) prepared by the Company for the Offer, and is subject to the  offer restrictions set out below and as more fully  described  in  the Tender  Offer Memorandum.

The  Offer  is  being  undertaken,  in  accordance  with  the  stated intention announced by the Company on 3 September 2009, following the completion  of  the Exchange Transaction (as defined in such announcement).

The Company will pay EUR950 (the  Purchase  Price)  for  each   EUR1,000  in nominal amount of the Notes accepted by it for purchase pursuant  to  the Offer.    The Company will also pay accrued interest on such Notes.

The Company proposes to accept up to EUR120,000,000 in  aggregate   nominal amount of the Notes (the Maximum Acceptance Amount) for purchase pursuant to the  Offer (although the Company reserves the right, in  its  sole  discretion,  to accept more than the  Maximum   Acceptance  Amount  for  purchase).    If  the aggregate nominal amount of Notes tendered  for  purchase  is  greater  than the   Maximum Acceptance Amount (or  such  increased  amount  that  the   Company accepts  for purchase), Notes will be accepted for purchase by the  Company  on a  pro  rata basis, as further described in the Tender Offer Memorandum.

@@start.t2@@|Description of  |Common         |Outstanding  |Amount subject |Purchase      |
|the Notes          |code/ISIN    |nominal         |to the Offer    |Price          |
|                         |                  |amount          |                        |                  |
|EUR600,000,000  |026387132 / |EUR233,808,000 |Subject as    |EUR950 for      |
|5.375 per cent. |XS0263871328|                    |described         |each EUR1,000 |
|Guaranteed Notes|                  |                    |above, an         |in nominal  |
|due 2013            |                  |                    |aggregate         |amount         |
|                         |                  |                    |nominal amount |                  |
|                         |                  |                    |of up to          |                  |
|                         |                  |                    |EUR120,000,000    |                  |

The Offer begins on 7 January 2010 and expires at 5.00 p.m. (London time) on  20 January  2010  (the  Expiration  Deadline),  unless    extended,    re-opened    or@@end@@

terminated.

In order to be eligible to receive the Purchase Price, Noteholders must  validly tender their Notes by the Expiration Deadline, by delivering,  or  arranging  to have delivered on their behalf, a valid Tender Instruction (as  defined  in  the Tender Offer Memorandum) that is received by the Tender Agent by the  Expiration Deadline. Noteholders who wish to accept the Offer should refer  to   the  Tender Offer Memorandum for the procedures which must be followed in  order  to  accept the Offer. Tenders of Notes in the Offer  will  be  irrevocable  except  in  the limited circumstances described in the Tender Offer Memorandum.

The anticipated transaction timetable is summarised below:

|Event                            |Expected Time/Date                                 |
|Launch Date:                 |7 January 2010                                        |
|Expiration Deadline:    |5.00 p.m. (London time) on 20 January  |
|                                    |2010                                                        |
|Announcement of            |At or around 5.00 p.m. (London time) on|
|Acceptance and Results:|21 January 2010                                      |
|Expected Settlement      | 27 January 2010                                    |
|Date:                            |                                                              |

The deadlines set by any intermediary or clearing system will  be   earlier  than the deadlines specified above.

Subject to applicable law and as provided in the Tender  Offer   Memorandum,  the Company  may,  in  its  sole  discretion,  extend,   re-open,  amend,  waive  any condition of or terminate the Offer at any time.

Further Information

The Offer is described  in  full  in  the  Tender  Offer  Memorandum, which  is available from the Tender Agent.  Deutsche Bank AG, London Branch is the  Dealer Manager for the Offer.

@@start.t3@@Requests for information in relation to the Offer should be directed to:

                                                 THE DEALER MANAGER

                                        Deutsche Bank AG, London Branch

                                                  Winchester House

                                            1 Great Winchester Street

                                                    London EC2N 2DB@@end@@

United Kingdom

Telephone: +44 20 7545 8011

Attention: Liability Management Group

Email: liability.management@db.com

Requests for information in relation to the procedures for tendering
Notes in,    and for any documents or materials relating to, the Offer
should be directed                                                                to:

THE TENDER AGENT

Deutsche Bank AG, London Branch

                                                  Winchester House

                                            1 Great Winchester Street

                                                    London EC2N 2DB

United Kingdom

Telephone: +44 20 7547 5000

Fax: +44 20 7547 5001

Attention: Trust & Securities Services

                                          Email: xchange.offer@db.com

DISCLAIMER

This announcement must be read in conjunction with the Tender Offer   Memorandum.    This  announcement  and  the  Tender  Offer     Memorandum    contain    important information which should be read carefully before  any  decision  is  made  with respect to the Offer. If you are in any doubt  as  to  the  action  you  should take, you are recommended to seek your own financial  advice,  including  as   to any  tax  consequences,  from  your  stockbroker,    bank     manager,    solicitor, accountant or other independent financial adviser.  Any  individual  or  company whose Notes are held on its behalf by a broker, dealer, bank,  custodian,  trust company or other nominee must contact such entity if it wishes to  tender  Notes in the Offer. None of the Company, the Dealer Manager or the Tender Agent  makes any recommendation as to whether Noteholders should   tender  any  Notes  in  the Offer.

OFFER AND DISTRIBUTION RESTRICTIONS

The distribution of  this  announcement  and  the  Tender  Offer   Memorandum  in certain jurisdictions may be restricted by law.   Persons into  whose  possession this announcement and/or the Tender Offer Memorandum comes are required  by  the Company, the Dealer Manager and the Tender Agent to inform themselves about  and to observe any such restrictions.  Neither  this  announcement  nor  the Tender Offer Memorandum constitutes an offer to buy or a solicitation of  an  offer  to sell the Notes, and tenders of Notes in the Offer   will  not  be  accepted  from Noteholders, in any  circumstances  in which  such  offer  or  solicitation  is unlawful.  In those jurisdictions where the securities, blue sky or  other  laws require the Offer to be made by a licensed  broker  or  dealer  and  the   Dealer Manager or any of its affiliates is such a licensed broker  or dealer  in  such jurisdictions, the Offer shall be deemed to be made on behalf of the Company  by the  Dealer  Manager  or  such   affiliate  (as  the  case  may    be)    in    such jurisdictions.

United States.  The Offer is not being made and will not be  made,   directly  or indirectly, in or into, or  by  use  of  the  mails  of, or  by  any  means  or instrumentality of interstate or foreign commerce of, or of any facilities of  a national securities exchange of, the United States. This includes,  but  is  not limited to, facsimile  transmission,  electronic  mail,  telex,  telephone,  the internet and other forms of electronic  communication.  The  Notes   may  not  be tendered in the Offer by any such use, means, instrumentality or  facility  from or within the United States or by persons located  or  resident  in  the  United States.  Accordingly, copies of  the  Tender  Offer  Memorandum  and  any  other documents or materials relating to the Offer are not being,  and  must  not   be, directly  or  indirectly,  mailed  or  otherwise  transmitted,   distributed    or forwarded (including, without limitation, by custodians, nominees  or  trustees) in or into the United States or to any U.S. persons or any  persons  located  or resident in the United States.  Any purported  tender  of  Notes  in  the  Offer resulting directly or indirectly from a violation of these restrictions will  be invalid and any purported tender of Notes  made by  a  person  located  in  the United States or any agent, fiduciary or other intermediary  acting  on  a  non- discretionary basis for a principal giving instructions from within  the  United States will be invalid  and  will  not  be  accepted.    Each  holder  of  Notes participating in the Offer will represent that it is not a U.S.   person,  it  is not located in the United States and is not participating in the Offer from  the United States or it is acting on a non-discretionary basis for a principal  that is not a U.S. person, that is located outside the United States and that is  not giving an order to participate in the Offer from  the  United  States.  For   the purposes of this paragraph, United States means the United   States  of  America, its territories and possessions (including Puerto Rico, the U.S Virgin  Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands),  any  state of the United States of America and the District of Columbia.

Italy.  The Offer is not being made, directly or indirectly, in the Republic  of Italy (Italy).  The  Offer  and  the  Tender  Offer   Memorandum  have  not  been submitted to the  clearance  procedure   of  the  Commissione  Nazionale  per  le Società  e  la  Borsa   (CONSOB)  pursuant  to  Italian  laws  and    regulations. Accordingly, Noteholders are  notified  that,  to  the  extent   Noteholders  are located or resident in Italy, the Offer is not available to them  and  they  may not tender Notes in the Offer and, as such,  any  Tender  Instructions  received from such persons shall be ineffective and void, and neither  the  Tender  Offer Memorandum nor any other documents or materials relating to  the  Offer  or  the Notes may be distributed or made available in Italy.

United Kingdom.  The  communication  of  this  announcement,  the   Tender  Offer Memorandum and any other documents or materials relating to  the  Offer  is  not being made and such documents and/or materials have  not  been  approved  by  an authorised person for the purposes of section 21 of the Financial  Services  and Markets Act 2000.  Accordingly, such documents and/or materials  are  not  being distributed to, and must not be passed on to, the general public in   the  United Kingdom. The communication of such documents and/or   materials  as  a  financial promotion is only being made to (i) persons who are outside the United  Kingdom, (ii) investment professionals falling within  Article  19(5)  of  the  Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended  (the Order), (iii) persons falling within Article 43(2) of the Order, or  (iv)  other persons to whom it may lawfully  be   communicated  (all  such  persons  together being referred to as Relevant Persons). Any person in the United Kingdom who  is not a Relevant Person should not act or rely on any such document  or   materials or any of their content. Any investment or investment activity  to  which  these documents or materials relate is available only to Relevant Persons and will  be engaged in only with Relevant Persons. The documents  and  materials  and  their contents should not be distributed, published or  reproduced  (in  whole  or  in part) or disclosed by recipients to any other person in the United Kingdom.

France. The Offer is not being made, directly or indirectly, to  the public  in the Republic of France (France).  Neither this announcement,  the  Tender  Offer Memorandum nor any other documents or materials relating to the Offer have  been or shall be distributed to the public  in  France  and  only  (i)  providers  of investment services relating to portfolio management for the  account  of  third parties  (personnes  fournissant  le  service  d'investissement  de   gestion  de portefeuille  pour  compte    de    tiers)    and/or    (ii) qualified    investors (investisseurs qualifiés) other than individuals, all  as  defined  in,  and  in accordance with, Articles L.411-1, L.411-2 and D.411-1 to D.411-3 of the  French Code monétaire et financier, are eligible to participate in the Offer.    Neither this announcement nor the Tender Offer Memorandum has been or will be submitted to or approved by the Autorité des Marchés Financiers.

Jersey. The Offer does not constitute a prospectus nor an  offer  or invitation to the public for the purposes of the Companies (Jersey) Law 1991,  as  amended, or the Control of Borrowing (Jersey) Order   1958  and  no  consent,  licence  or other authority is required or has been sought under these  laws  or  any  other securities laws in the Island of Jersey.

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ots Originaltext: Atrium European Real Estate Limited
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Financial Dynamics, London
Richard Sunderland  / Laurence Jones
Phone: +44 (0)20 7831 3113
mailto:richard.sunderland@fd.com

Branche: Real Estate
ISIN:      JE00B3DCF752
WKN:        
Index:    Standard Market Continous
Börsen:  Wien / official market



Weitere Meldungen: Atrium European Real Estate Limited

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