Atrium European Real Estate Limited
EANS-Adhoc: Atrium European Real Estate Limited
BOARD AUTHORITY GRANTED FOR
REPURCHASE OF 2003/2005 BOND SERIES
-------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------
12.04.2011
This announcement does not constitute, or form part of, any offer for, or any solicitation of any offer for, or any offer to sell securities in any jurisdiction. The release, distribution or publication of this announcement incertain jurisdictionsother than Austria may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other thanAustria should inform themselves about and observe any applicable requirements.
BOARD AUTHORITY GRANTED FOR REPURCHASE OF 2003/2005 BOND SERIES
Jersey, 12 April, 2011: 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, announces that it has received authority from its Board of Directors to repurchase up to E30 million nominal value of the 2003/2005 bond series (ISIN:AT0000341789; AT0000341797; AT0000492996; AT0000496641; AT0000496633) issued by the Company as permitted by the terms of the bonds.
The authority was granted to allow Atrium to continue its strategy of acquiring its debt in order to achieve immediate interest cost savings and, where approporiate, to source financing opportunities at a lower cost and otherwise on more appropriate terms. It is intended that repurchases will be made opportunistically as market conditions or circumstances permit on terms that Atrium determines to be financially appropriate.
This is separate from, and in addition to, the decision announced by Atrium on 1 April 2011 relating to a proposed tender offer in respect of the 6.8 per cent. Guaranteed Notes due 2011 (ISIN: AT0000330964).
For further information: Financial Dynamics: +44 (0)20 7831 3113 Richard Sunderland Laurence Jones Will Henderson Atrium@fd.com
end of announcement euro adhoc --------------------------------------------------------------------------------
Contact:
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 Continuous
Börsen: Wien / official market