Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited
Results of Tender Offers


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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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29.06.2012

Ad hoc announcement

  Results of Tender Offers for the EUR32,050,000 Tranche A 6 per cent. Fixed
     Rate Notes and EUR67,950,000 Tranche B Floating Rate Notes due 2013


Jersey, 29 June 2012: Atrium European Real Estate Limited (the Company) today
announces the acceptances and results of its invitations to holders of its
EUR32,050,000 Tranche A 6 per cent. Fixed Rate Notes due 2013 (ISIN:
AT0000341789) (the Fixed Rate Notes) and its EUR67,950,000 Tranche B Floating
Rule Notes due 2013 (ISIN: AT0000341797) (the Floating Rate Notes and, together
with the Fixed Rate Notes, the Notes and each a Series) to tender their Notes
for purchase by the Company for cash (each such invitation, an Offer and
together the Offers). The Offers were made on the terms and subject to the
conditions contained in the tender offer memorandum dated 31 May 2012 (the
Tender Offer Memorandum) prepared by the Company.


Acceptance of EUR50.62 million in aggregate nominal amount of the Notes tendered
pursuant to the Offers

The Offers expired at 5.00 p.m. (Vienna time) on 28 June 2012. Of the EUR100
million in aggregate nominal amount of Notes currently outstanding (of which
EUR6.1 million in aggregate nominal amount of the Fixed Rate Notes and EUR3.95
million in aggregate nominal amount of the Floating Rate Notes are currently
held by the Company), approximately EUR13.95 million in aggregate nominal amount
of the Fixed Rate Notes and approximately EUR36.67 million in aggregate nominal
amount of the Floating Rate Notes have been validly tendered for purchase in
accordance with the terms and conditions of the Offers. The Company has decided
to accept for purchase all such Notes validly tendered pursuant to the Offers,
with no pro rata scaling. As a result of these acceptances, after the
settlement of the Offers the Company will hold approximately EUR60.67 million of
the EUR100 million in aggregate nominal amount of Notes.

The Company will pay EUR1,030 (each a Purchase Price) for each EUR1,000 in
nominal
amount of the Notes of a Series accepted by the Company for purchase pursuant
to the relevant Offer. The Company will also pay Accrued Interest on the Notes
accepted by it for purchase pursuant to the Offers.

Settlement of the Offers is expected to occur on 3 July 2012.

The Offers were not made to any person located or resident in the United
States, and were also subject to restrictions in other jurisdictions, all as
further described in the Tender Offer Memorandum. This announcement must be
read in conjunction with the Tender Offer Memorandum.


Further Information

The Offers were described in full in the Tender Offer Memorandum. Deutsche Bank
AG, London Branch (Telephone: +44 20 7545 8011; Email:
liability.management@db.com) is acting as the Dealer Manager for the Offer.
Deutsche Bank AG, London Branch (Telephone: +44 20 7547 5000; Fax: +44 20 7547
5001; Email: xchange.offer@db.com) is acting as the Tender Agent for the
Offers.

The information contained in this announcement is for informational purposes
only and does not constitute an offer to purchase any securities or a
solicitation of an offer to sell any securities.


DISCLAIMER

This announcement must be read in conjunction with the Tender Offer Memorandum.
No offer or invitation to acquire any securities is being made pursuant to this
announcement. 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 each of the Company, the Dealer Manager and the Tender Agent to
inform themselves about, and to observe, any such restrictions.


Further inquiry note:
FTI Consulting Inc
+44 (0)20 7831 3113
Richard Sunderland
Will Henderson
richard.sunderland@fticonsulting.com

end of announcement                               euro adhoc 
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issuer:      Atrium European Real Estate Limited
             Seaton Place 11-15
             UK-JE4 0QH  St Helier Jersey / Channel Islands 
phone:       +44 (0)20 7831 3113
mail:     richard.sunderland@fticonsulting.com
WWW:      http://www.aere.com
sector:      Real Estate
ISIN:        JE00B3DCF752
indexes:     Standard Market Continuous
stockmarkets: official market: Wien 
language:   English
 

 

 



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