Meinl European Land Limited

euro adhoc: Meinl European Land Ltd.

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Company Information


St Helier, Jersey, 16 July 2008: Meinl European Land Limited ("MEL" or the "Company") announces that each of the resolutions contained in the Notice of Extraordinary General Meeting dated 24 June 2008 were passed at the Company's Extraordinary General Meeting ("EGM") held in Jersey today, 16 July 2008.  None of the 88,815,000 certificates held on behalf of the Company by Somal A.V.V. were voted on any of the resolutions and none of the 150,000,000 ordinary shares paid up as to EUR0.01 each (the "Partly Paid Shares") that are registered in the name of Tshela Nominees A.V.V. were voted on any of the resolutions.

Approval of the resolutions proposed at the EGM was the last remaining significant condition to closing of the investment in the Company by CPI/Gazit Holdings Limited ("CPI/Gazit"), a joint venture between Gazit-Globe Ltd ("Gazit"), a multinational real estate investment company listed on the Tel Aviv Stock Exchange (TASE:GLOB), and CPI Austria Holdings Limited ("CPI Austria"), a wholly-owned subsidiary of CPI Capital Partners Europe LP (and its parallel funds), a real estate fund advised by Citibank International plc through its business unit, Citi Property Investors.

Accordingly, now that this condition has been satisfied, the parties intend that closing of the investment should take place by month-end. Upon closing of the investment, the Company´s name will be changed to Atrium European Real Estate and an internal management structure will be adopted with a new management team.

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ots Originaltext: Meinl European Land Limited
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Further inquiry note:
London Austria
Citigate Dewe Rogerson Trimedia
Michael Berkeley Bernhard Hudik
+44 20 7638 9571 +43 1 5244 300

Branche: Real Estate
ISIN:      AT0000660659
WKN:        066065
Index:    Standard Market Continous
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: Meinl European Land Limited

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