ProLogis European Properties calls Extraordinary General Meeting to amend Management Regulations
(Thomson Reuters ONE) -
News release
PEPR calls Extraordinary General Meeting to amend Management Regulations
Luxembourg - 07 February 2012 - ProLogis European Properties (Euronext: PEPR),
one of Europe's largest owners of modern distribution facilities, announced
today that it is holding an Extraordinary General Meeting ('EGM') to vote on a
proposal, by Prologis, Inc. under Article 18.1 of the Management Regulations, to
change PEPR's Management Regulations.
The proposed amendments are intended to improve the overall financial outcome
if, in the future, there is a winding-up of PEPR. If approved, the amended
Management Regulations will allow for all unitholders owning more than one per
cent of the ordinary units, whether individually or collectively in an ad-hoc
partnership, to be offered the option to elect for distributions "in specie"
(e.g. by transfer of the shares in companies holding properties) rather than
only in cash, as currently envisaged.
The proposed amendments have been approved by the Commission de Surveillance du
Secteur Financier, the Management Company and the PEPR Board.
The EGM will commence at 09:00 CET on 14 March 2012 in Luxembourg. The Convening
Notice of the EGM, a letter to investors and related documents have been sent to
Ordinary Unitholders. These documents are also available on the PEPR website,
www.prologis-ep.com.
Peter Cassells, CEO of PEPR, commented: "The proposed amendment to the
Management Regulations will provide unitholders with greater flexibility in the
event of a winding-up of PEPR as they permit distributions to be made in specie
as well as in cash."
-Ends-
For further information, please contact:
Investor relations
Jennifer Crooke
+44 207 518 8708
jcrooke(at)prologis.com
Media
M:Communications
Charlotte McMullen
+44 20 7920 2349
mcmullen(at)mcomgroup.com
About ProLogis European Properties (PEPR)
ProLogis European Properties, or PEPR, is one of the largest pan-European owners
of high quality distribution and logistics facilities. PEPR was established in
1999 as a closed-end, real estate investment fund, externally managed by a
subsidiary of Prologis, Inc. (NYSE: PLD), a leading global provider of
industrial distribution facilities. In September 2006, ordinary units in PEPR
were listed on the Luxembourg Stock Exchange and Euronext Amsterdam.
As at 30 September 2011, PEPR had a portfolio of 231 buildings, covering 4.9
million square metres in 11 European countries, with an estimated market value
of ?2.8 billion. The portfolio had an occupancy level of 91.5% and an average of
3.2 years to the next lease break or 5.1 years to lease expiry.
PEPR calls Extraordinary General Meeting:
http://hugin.info/139145/R/1583298/494941.pdf
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originality of the information contained therein.
Source: ProLogis European Properties via Thomson Reuters ONE
[HUG#1583298]
Unternehmensinformation / Kurzprofil:
Datum: 07.02.2012 - 14:00 Uhr
Sprache: Deutsch
News-ID 111921
Anzahl Zeichen: 3716
contact information:
Town:
Luxembourg
Kategorie:
Business News
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