PEPR calls Extraordinary General Meeting to convert legal structure
following regulatory approval
(Thomson Reuters ONE) - This press release is not an offer of securities for sale, or thesolicitation of an offer to buy securities, in the United States orelsewhere. The securities mentioned in this press release have notbeen and will not be registered pursuant to the US Securities Act of1933, as amended. They cannot be offered or sold in the United Statesabsent registration or an exemption from registration. No publicoffer of the securities has been or will be made in the United Statesor elsewhere.This press release contains certain forward-looking statements. Theseforward-looking statements involve certain risks and uncertaintiesthat could cause actual results to differ materially from thoseindicated in such forward-looking statements. The company assumes noobligation to update any forward-looking statement contained in thispress release.News release ProLogis European Properties calls Extraordinary General Meeting to convert legal structure following regulatory approvalLuxembourg - 07 September 2009 - As signalled in the announcementmade on 2 September 2009, ProLogis European Properties (Euronext:PEPR), one of Europe's largest owners of modern distributionfacilities, today provides notice to PEPR's unitholders of anExtraordinary General Meeting ('EGM') to vote on a proposal toconvert its legal structure from a fonds commun de placement ('FCP')into a société d'investissement à capital fixe ('SICAF'), structuredas a société en commandité par actions ('SCA').The EGM will commence at 09:00 CET on 30 September 2009 inLuxembourg. The Convening Notice of EGM and a letter to investorsconcerning the proposed conversion, together with a Draft InformationMemorandum will be sent to investors. These documents will also beavailable on the PEPR website, www.prologis-ep.com. The DraftInformation Memorandum will be issued in final form following thesuccessful implementation of the proposed conversion.Commenting on the proposed conversion, Peter Cassells, chiefexecutive officer of PEPR, said:"We are pleased to have received all the necessary regulatoryapprovals to initiate the proposed conversion process to a SICAF. Thechange in structure will give PEPR greater financial flexibility toreact to any further deterioration in the real estate and creditmarkets by enabling us to raise equity, if necessary, at a pricebelow net asset value per share." -Ends-For further information, please contact:ProLogis European Properties+44 20 7518 8708Jennifer van der Eem, VP Investor Relationsjvandereem(at)prologis.comM:Communications+44 20 7920 2323 or 7920 2349Ed Orlebar/Charlotte McMullenorlebar(at)mcomgroup.com/mcmullen(at)mcomgroup.comMorgan Stanley+44 20 7425 3009Richard StocktonRichard.stockton(at)morganstanley.comAbout ProLogis European PropertiesProLogis European Properties, or PEPR, is one of the largestpan-European owners of high quality distribution and logisticsfacilities. PEPR was established in 1999 as a closed-end, real estateinvestment fund, externally managed by a subsidiary of ProLogis, aleading global provider of industrial distribution facilities. InSeptember 2006, PEPR was listed on Euronext Amsterdam.As at 30 June 2009, PEPR has a portfolio of 232 buildings, covering4.9 million square metres in 11 European countries, with a marketvalue of ?3.0 billion. The portfolio has an occupancy level of 96.9%and an average of 3.6 years to the next lease break or 5.8 years tolease expiry.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 07.09.2009 - 12:00 Uhr
Sprache: Deutsch
News-ID 5550
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