Atrium European Real Estate Limited
EANS-Adhoc: Atrium European Real Estate Limited
DECLARATION OF SPECIAL DIVIDEND
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) 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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Dividend Announcements/Distribution
15.09.2016
Atrium European Real Estate Limited
("Atrium")
DECLARATION OF SPECIAL DIVIDEND
Ad hoc announcement - Jersey, 15 September 2016. Atrium European Real Estate
Limited (VSE/ Euronext: ATRS) (the "Company" and together with its subsidiaries,
the "Group"), a leading owner, operator and developer of shopping centres and
retail real estate in Central and Eastern Europe, is pleased to announce that
its Board of Directors has approved the payment of a special dividend (the
"Special Dividend") of 14 euro cents per ordinary share representing a return
of an aggregate EUR52.7 million to shareholders ("Shareholders") of the Company.
The payment of the Special Dividend reflects the Board's continuing confidence
in the prospects of the Group, and, following the sale of non-core assets in the
year to date 2016, the Company's strong cash position and low leverage.
Following the payment of the Special Dividend the Company will still have
sufficient cash and financial flexibility to complete its current anticipated
redevelopment and asset improvement programme and to make selective
acquisitions, should they arise.
The Special Dividend will be paid on 30 September 2016 to Shareholders on the
register as at 23 September 2016, with an ex-dividend date of 22 September 2016.
The final payments of the 2016 regular dividend are scheduled to be paid in
September and December this year, as approved in November 2015. As usual, the
terms of the regular annual dividend for 2017 will be reviewed by the Board in
November 2016 and announced with the Company's third quarter results.
Further information can be found on Atrium's website www.aere.com or from:
Analysts:
Ljudmila Popova
lpopova@aere.com
Press & Shareholders:
FTI Consulting Inc
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Ellie Sweeney
atrium@fticonsulting.com
Atrium is established as a closed-end investment company incorporated and
domiciled in Jersey and regulated by the Jersey Financial Services Authority as
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange
and the Euronext Amsterdam Stock Exchange. Appropriate professional advice
should be sought in the case of any uncertainty as to the scope of the
regulatory requirements that apply by reason of the above regulation and
listings. All investments are subject to risk. Past performance is no guarantee
of future returns. The value of investments may fluctuate. Results achieved in
the past are no guarantee of future results.
Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Ellie Sweeney
atrium@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, stock market: Luxembourg Stock Exchange
language: English