Brief: Vastned Retail And Vastned Belgium Announce Intention To Merge

VastNed Retail NV

16/05/2024 06:15

May 16 (Reuters) - Vastned Belgium NV  VASTB.BR :
    * VASTNED RETAIL AND VASTNED BELGIUM ANNOUNCE INTENTION TO
MERGE
    * EXPECTED FUTURE RECURRING ANNUAL OPERATIONAL COST
SYNERGIES OF
APPROX. EUR 2.0 - 2.5 MILLION
    * ONE LISTED ORGANIZATION WITH TRADING ON EURONEXT BRUSSELS
AND
EURONEXT AMSTERDAM
    * AN EXPECTED INCREASE IN FREE FLOAT AND LIQUIDITY
    * VASTNED WILL BE HEADQUARTERED IN BELGIUM
    * SVEN BOSMAN WILL BECOME CEO OF VASTNED
    * MERGER IS EXPECTED TO BECOME EFFECTIVE ON 1 JANUARY 2025
    * VASTNED BELGIUM WILL DECLARE AN ADDITIONAL DIVIDEND OF
1.00 PER
SHARE, TO BE PAID PRE-MERGER
    * VASTNED RETAIL WILL DECLARE AND PAY INTERIM DIVIDEND OF
EUR 1.70
PER SHARE IN DECEMBER 2024
    * VASTNED BELGIUM WILL DECLARE AND PAY AN INTERIM DIVIDEND
OF EUR
2.30 PER SHARE IN DECEMBER 2024
    * VASTNED RETAIL SHAREHOLDERS REPRESENTING MORE THAN 42% OF
VOTING
RIGHTS IN VASTNED RETAIL COMMITTED TO VOTE IN FAVOR OF MERGER
    * VASTNED RETAIL SHAREHOLDERS WILL RECEIVE 0.839 VASTNED
BELGIUM
SHARE FOR EACH VASTNED RETAIL SHARE
    * VASTNED RETAIL  SHAREHOLDERS TO OWN APPROX 89.1% OF
COMBINED
COMPANY
    * VASTNED BELGIUM SHAREHOLDERS OWNING REMAINING APPROX 10.9%

Source text for Eikon:  ID:nGNE4f8sT1 
Further company coverage:  VASTB.BR 

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