• Vastned Retail and
• The Merger aims to generate value for Vastned and its stakeholders, including:
o Simplification of organizational and governance structure, while continuing current successful strategy;
o Expected future recurring annual operational cost synergies of approx.
o Optimized debt financing;
o Increased free float and liquidity;
o One single listed platform under Belgium’s REIT regime;
o More portfolio diversification;
o Future ability to pursue accretive growth
• One listed organization with trading on Euronext Brussels and Euronext Amsterdam, with an expected increase in free float and liquidity for shareholders and a more interesting profile for equity analyst coverage
• Vastned will be headquartered in
• Sven Bosman will become CEO of Vastned
• The Merger is expected to become effective on
• At completion, Vastned Retail shareholders will receive 0.839
• To mitigate the immediate impact on the cash dividend for shareholders of
• Vastned Retail will declare and pay an interim dividend of
•
• The Vastned Retail Boards as well as the independent directors of
• Vastned Retail shareholders, being entities controlled by Messrs. Van Herk, Meulman, De Jonge and
Full press release:
Attachment
- Vastned Retail and
Vastned Belgium announce intention to merge
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