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Abonner Atrium European Real Estate Limited

Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited
Result of Tender Offer

  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.
21.01.2010
Result of Tender Offer for up to E120,000,000 of E600,000,000 5.375 
per cent. Guaranteed Notes due 2013
Jersey, 21 January, 2010: Atrium European Real Estate Limited (Atrium
or the Company) (ATX/Euronext: ATRS), a leading real estate company 
focused on shopping centre investment, management and development in 
Central and Eastern Europe, today announces the acceptances and 
results of its invitation to holders of its outstanding E600,000,000 
5.375 per cent. Guaranteed Notes due 2013 (ISIN: XS0263871328) (the 
Notes) to tender their Notes for purchase by the Company for cash 
(the Offer).  The Offer was made on the terms and subject to the 
conditions contained in the tender offer memorandum dated 7 January 
2010 (the Tender Offer Memorandum) prepared by the Company for the 
Offer.
Acceptance of E80.246 million in aggregate principal amount of the 
Notes tendered pursuant to the Offers
The Offer expired at 5.00 p.m. (London time) on 20 January 2010. Of 
the E233,808,000 in aggregate principal amount of Notes currently 
outstanding, approximately E80.246m million in aggregate principal 
amount of the Notes has been validly tendered for purchase and not 
withdrawn in accordance with the terms and conditions of the Offer. 
The Company has decided to accept for purchase all such Notes validly
tendered pursuant to the Offer, with no pro rata scaling.
The Company will pay E950 (the Purchase Price) for each E1,000 in 
nominal amount of the Notes accepted by it for purchase pursuant to 
the Offer.  The Company will also pay accrued but unpaid interest of 
E29.87 per E1,000 in nominal amount of the Notes accepted by it for 
purchase pursuant to the Offer, assuming settlement occurs as 
expected on 27 January 2010.
Assuming settlement occurs on 27 January 2010, and assuming the Notes
are not otherwise redeemed early, it will result in a total saving 
for the Company of approximately E18.07 million in interest payments 
on the Notes from 27 January 2010 to maturity in August 2013 (or an 
annual saving of approximately E5.12 million for each year during 
which the Notes are outstanding (or a pro rata proportion thereof for
any shorter period), equivalent to approximately E0.01 per ordinary 
share per year (assuming 372,052,993 ordinary shares in issue at all 
relevant times)).
The Offer was not made to any person located or resident in the 
United States or Italy, and was 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 Offer is 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 Offer.
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.
end of announcement                               euro adhoc

Further inquiry note:

Financial Dynamics, London
Richard Sunderland / Laurence Jones
Phone: +44 (0)20 7831 3113
mailto:richard.sunderland@fd.com

Branche: Real Estate
ISIN: JE00B3DCF752
WKN:
Index: Standard Market Continous
Börsen: Wien / official market

Plus de actualités: Atrium European Real Estate Limited
Plus de actualités: Atrium European Real Estate Limited