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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

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

Weitere Storys: Atrium European Real Estate Limited
Weitere Storys: Atrium European Real Estate Limited