PEPR to delist from NYSE Euronext Amsterdam and the Luxembourg Stock Exchange
(Thomson Reuters ONE) -
In liquidation
News release
PEPR to delist from NYSE Euronext Amsterdam and the Luxembourg Stock Exchange
Luxembourg - 3 August 2012 - ProLogis European Properties (Euronext: PEPR), one
of Europe's largest owners of modern distribution facilities, announced today
that it has received approval from NYSE Euronext Amsterdam to delist its
ordinary units and its Class A(1) Convertible Preferred Units ("preferred
units"). The last day of trading will be 21 August 2012 for the preferred units
and 31 August 2012 for the ordinary units.
The NYSE Euronext Amsterdam has notified PEPR that the delisting of its stock
will be effective on 27 August 2012 for the preferred units and 3 September
2012 for the ordinary units.
An application for the purposes of the delisting of PEPR's ordinary units and
preferred units from the Luxembourg Stock Exchange effective as at the same
dates as on the NYSE Euronext Amsterdam is pending.
PEPR applied for its ordinary units (ISIN code: LU0100194785) and its preferred
units (ISIN code: LU0467842786) to be delisted from both NYSE Euronext Amsterdam
and the Luxembourg Stock Exchange following a unitholder vote at PEPR's Annual
General Meeting held on 27 June 2012 approving the winding-up of PEPR. The
Luxembourg Commission de Surveillance de Secteur Financier approved ProLogis
Management S.à r.l., the management company of PEPR, to act as liquidator of
PEPR (the "liquidator") and did not have any comments regarding the proposed
process to be followed to wind-up PEPR.
On 27 August 2012, preferred unitholders will receive ?6.030316 per unit,
equivalent to par (?5.93 per unit) plus accrued dividends from 1 July 2012 to
27 August 2012. The ex-dividend date will be 22 August 2012 and the record date
will be 24 August 2012.
Ordinary unitholders will receive distributions equal to EPRA NAV per ordinary
unit as at 27 August 2012 less a provision for estimated wind-up costs
("Residual EPRA NAV"). The ex-distribution date will be 22 August 2012 and the
record date will be 24 August 2012.
PEPR expects to inform the ordinary unitholders on 20 August 2012 of the
Residual EPRA NAV to be received, which will be based on the audited financial
statements of PEPR as at 30 June 2012 adjusted for an estimate of the results
for the period from 1 July to 27 August 2012. The 30 June 2012 financial
statements will be independently audited and KPMG will carry out certain agreed-
upon procedures in their review of the 27 August 2012 Residual EPRA NAV. Upon
the closing of the books and records of PEPR as of 27 August 2012, a comparison
between the estimated Residual EPRA NAV and the actual Residual EPRA NAV will be
made by the liquidator and taken into account in determining the payment to be
made to ordinary unitholders on the final distribution date.
For illustrative purposes and as announced on 26 July 2012, the Residual EPRA
NAV as at 30 June 2012 was estimated to be ?6.42 per ordinary unit. The Residual
EPRA NAV on 27 August 2012 may be different from that estimated as at 30 June
2012.
-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 June 2012, PEPR has a portfolio of 210 buildings, covering 4.5 million
square metres in 11 European countries, with a market value of ?2.5 billion. The
portfolio has an occupancy level of 93.2% and an average of 3.1 years to the
next lease break or 5.1 years to lease expiry.
PEPR to delist PDF :
http://hugin.info/139145/R/1631649/523132.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ProLogis European Properties via Thomson Reuters ONE
[HUG#1631649]
Unternehmensinformation / Kurzprofil:
Datum: 03.08.2012 - 09:01 Uhr
Sprache: Deutsch
News-ID 171471
Anzahl Zeichen: 5419
contact information:
Town:
Luxembourg
Kategorie:
Business News
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