Atrium European Real Estate Limited
EANS-Adhoc: Atrium European Real Estate Limited
UPDATE ON LEGAL PROCEEDINGS
-------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------
10.05.2011
UPDATE ON LEGAL PROCEEDINGS
Jersey, 10 May 2011. Further to its announcement of 15 April 2011, Atrium European Real Estate Limited ("Atrium") (VSE/Euronext: ATRS), announces that it has agreed with Meinl Bank AG and various of its related parties an extension of the deadline for Atrium and the other defendants in the derivative lawsuit in Jersey ("the Derivative Lawsuit") to decide whether they wish to consolidate the Derivative Lawsuit into the arbitration, under the Rules of Arbitration of the London Court of International Arbitration, now governing all other previously pending legal proceedings between the parties.
Proceedings in the Derivative Lawsuit remain temporarily frozen pending a decision from the defendants, at which time a further announcement will be made.
For further information: Financial Dynamics: +44 (0)20 7831 3113 Richard Sunderland Will Henderson Laurence Jones
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