Paris/Schiphol, June 14, 2011
Pursuant to the May 17, 2011 verdict of the Dutch Enterprise Chamber at the Amsterdam Court of Appeals in the statutory buy-out procedure of all Rodamco Europe NV shares not already owned by Unibail-Rodamco SE, and effective June 9th 2011, Unibail-Rodamco SE is the sole owner of all the shares in Rodamco Europe NV. For those Rodamco Europe shareholders that have not voluntarily sold their shares by June 8, 2011, the following information is of importance:
Following the voluntary transfer period, Unibail-Rodamco has paid the price plus interest for those shares which were not voluntarily transferred into the "Consignatiekas" with the Dutch Ministry of Finance. Unibail-Rodamco has requested the application of the Euroclear Netherlands Procedure for Consignment Regarding the Buy-out of Minority Shareholders ('Euroclear Nederland Consignatieprocedure betreffende de uitkoop van minderheidsaandeelhouders'). Pursuant to this procedure, Euroclear Netherlands, together with its admitted institutions, will procure that the payment of the price including interests is made to shareholders who have not voluntarily transferred their shares. These shareholders do not have to take any individual action and should receive the amounts owed to them in due course from the bank or broker through which they hold their shares. Unibail-Rodamco is not involved in and does not control the timing of this procedure of distribution. You may contact your bank or broker for further information.
Paris/Schiphol, May 24, 2011
Process regarding the buy-out procedure of Rodamco Europe N.V. shares
Unibail-Rodamco SE, with its registered office at Paris, France ("Unibail-Rodamco") announces that it has served the judgment of the Enterprise Chamber of the Amsterdam Court of Appeal of 17 May 2011, by which the Enterprise Chamber has ordered the other holders of shares in Rodamco Europe NV ("Shares" and "Shareholders") to transfer their Shares to Unibail-Rodamco, upon the unknown Shareholders.
The Enterprise Chamber has set the price per Share as per 17 May 2011 at EUR 87.66 and has ordered that (i) the price is to be increased with the statutory interest over the period from the date of the judgment until the date of transfer or consignment and (ii) that the present value of any distributions on each of the Shares which become payable in the aforementioned period are to be deducted from the price and interest to be paid by Unibail-Rodamco.
Unibail-Rodamco has given the Shareholders the opportunity, and calls upon them, to voluntarily transfer the title to the Shares free from any liens or security interests ultimately on 8 June at 10.00 AM by transferring the Shares to the giro depot of the designated securities account at The Royal Bank of Scotland (RBS) N.V., (account 28009/106). On 1 June 2011, Unibail-Rodamco will transfer the price of EUR 87.66 plus statutory interest (EUR 0.10, provided the current statutory interest rate is not amended) to the shareholders for the shares registered in the account of RBS prior to 31 May 2011 at 10.00 AM. On 9 June 2011, Unibail-Rodamco will transfer the price of EUR 87.66 plus statutory interest (EUR 0.16, provided the current statutory interest rate is not amended) to the shareholders for the shares registered in the account of RBS after 31 May 2011 at 10.00 AM, and prior to 8 June 2011 at 10.00 AM.
Unibail-Rodamco will consign the price including interest for all Shares which will not have been transferred in accordance with the above call with the "Consignatiekas" of the Dutch Ministry of Finance. Subsequently, Unibail-Rodamco will request the application of the Euroclear Netherlands Procedure for Consignment Regarding the Buy-out of Minority Shareholders ('Euroclear Nederland Consignatieprocedure betreffende de uitkoop van minderheidsaandeelhouders') as promulgated Euroclear Nedeland Circular 1834. Pursuant to this procedure, Eurcolear Netherlands, together with its affiliated institutions, will procure that the payment of the price including interest to the Shareholders involved will be made.
Paris/Schiphol, May 17, 2011
Judgment issued in Rodamco Europe N.V. buy-out procedure
Unibail-Rodamco SE announces that the Enterprise Chamber of the Amsterdam Court of Appeal has decided on the buy-out price for the 660,562 remaining Rodamco Europe NV shares in the hands of minority shareholders. Unibail-Rodamco SE currently holds 99.26% of the shares in Rodamco Europe NV, and will become 100% shareholder by virtue of this judgment.
The Enterprise Chamber has set the price of the Rodamco Europe shares at €87.66 per share, to be increased with the statutory interest over the period from the date of the judgment until the date of transfer and to be reduced with any distributions paid on the shares during such period.
Rodamco Europe shareholders will be given a period to voluntarily transfer their shares. Details of the voluntary transfer period will be announced soon through selected newspapers and on the Unibail-Rodamco and Rodamco Europe websites. Subsequent to this voluntary transfer period, the purchase price for the shares which are not voluntarily transferred will be consigned with Euroclear Netherlands, in compliance with legal procedures.
Details of the voluntary transfer procedure and the subsequent consignment procedure will be available in the following days on www.unibail-rodamco.com or on www.rodamco.com.
Click here
Vonnis in de Rodamco Europa NV uitrook procedure
Unibail-Rodamco SE kondigt hierbij aan dat de Ondernemingskamer van het Gerechtshof te Amsterdam arrest heeft gewezen inzake de uitrook procedure van de 660.562 resterende aandelen Rodamco Europe NV in handen van minderheids aandeelhouders. Unibail-Rodamco SE bezit momenteel 99.26% van de aandelen in Rodamco Europe NV, en wordt 100% aandeelhouder als gevolg van dit arrest.
De Ondernemingskamer heeft de prijs van de over te dragen aandelen bepaald op €87,66 per aandeel, te verhogen met de wettelijke rente over de periode tussen datum arrest en de datum van overdracht, en te verminderen met mogelijke uitkeringen op de aandelen gedurende deze periode.
De Rodamco Europe aandeelhouders wordt de mogelijkheid geboden van vrijwillige overdracht van hun aandelen. Nadere gegevens omtrent de vrijwillige overdrachtstermijn worden binnenkort aangekondigd in een aantal kranten en via de Unibail-Rodamco en Rodamco Europe websites. Na afloop van de vrijwillige overdrachtsperiode wordt de aankoopsom van de niet vrijwillig overgedragen aandelen geconsigneerd bij Euroclear Nederland, conform wettelijke regels.
Nadere gegevens omtrent de vrijwillige overdrachtsprocedure en de daarop volgende consignatie procedure worden in de komende dagen beschikbaar gemaakt op de volgende websites:
www.unibail-rodamco.com or on www.rodamco.com.
Click here
Schiphol, March 25, 2011
Paris/Schiphol, March 25, 2011
Rodamco Europe NV is pleased to announce the publication of its 2010 Annual Report including its 2010 full year results. Click here to view it or to download a pdf version. Copies of the Annual Report can also be obtained, free of charge, at the offices of Rodamco Europe N.V. in Schiphol (Schiphol Boulevard 371, 1118 BJ Schiphol).
Schiphol, February 2, 2011
Paris/Schiphol, February 2, 2011
In the ongoing buy-out procedure of the remaining Rodamco-Europe NV shares, the Enterprise Chamber of the Amsterdam Court of Appeals decided on February 1, 2011 to request an update of the expert report issued in July 2010. This was done in view of improving asset values during 2010. The experts have been asked to report no later than May 3rd, 2011. This implies that a final decision cannot realistically be expected before the end of the second quarter 2011.
Parijs/Schiphol, 2 Februari 2011
Op 1 Februari 2011 heeft de Ondernemingskamer van het Gerechtshof te Amsterdam besloten dat, in het kader van de uitrook procedure van de resterende aandelen in Rodamco Europe, een actualisering van het deskundigen rapport van Juli 2010 noodzakelijk is. Dit gezien de gestegen waardes van onroerend goed gedurende 2010. De deskundigen zijn gevraagd om uiterlijk op 3 Mei 2011 de uitkomst aan de Ondernemingskamer te rapporteren. Dit houdt in dat een finale beslissing in deze zaak niet kan worden verwacht voor het einde van het tweede kwartaal van 2011.
Schiphol, December 8, 2010
On December 7, 2010 the Enterprise Chamber of the Dutch Court of Appeals in Amsterdam decided to postpone once more their decision on a buy-out price for the remaining Rodamco Europe shares. The Enterprise Chamber's decision has been pending since the expert report on the buy-out price was filed on July 15, 2010. Rodamco Europe's Management Board regrets the delays that are outside of its control.
Op 7 december 2010 heeft de Ondernemingskamer van het Gerechtshof te Amsterdam opnieuw besloten de definitieve vaststelling van de uitkoopprijs van de resterende aandelen Rodamco Europe uit te stellen. De beslissing van de Ondernemingskamer wordt verwacht sinds het deskundigen rapport omtrent de uitrookprijs is gedeponeerd op 15 Juli 2010. De Raad van Bestuur van Rodamco Europa betreurt de vertragingen die helaas buiten haar verantwoordelijkheid vallen.
Schiphol, September 1, 2010
Rodamco Europe NV is pleased to announce the publication of its 2010 first half year results. Click here to view it or download a pdf version.
Schiphol, June 11, 2010
On june 11, 2010, Unibail-Rodamco SE acquired a further 579,420 shares in Rodamco Europe NV in an unsollicited offer. Following this transaction, Unibail-Rodamco owns 99.2% of the shares in Rodamco Europe.
The buy-out proceedings continue at the Dutch Enterprise Chamber of the Amsterdam Court of Appeals.
Op 11 Juni 2010, heeft Unibail-Rodamco SE 579.420 aandelen Rodamco Europe NV verworven die ongevraagd waren aangeboden. Na deze transactie bezit Unibail-Rodamco 99,2% van de aandelen Rodamco Europa.
The uitrook procedure bij de Ondernemingskamer van het Gerechtshof in Amsterdam is nog altijd gaande.
Schiphol, June 2, 2010
Stay of expert report in buy out proceedings for remaining Rodamco Europe NV Shares
On June 1, 2010, the Dutch Enterprise Chamber granted the committee of three experts appointed in the statutory buy-out proceedings a further extension until July 15, 2010 to submit their report on the value of the Rodamco Europe NV shares. On August 3, 2010, Unibail-Rodamco SE and the other parties involved in the proceedings will be invited to submit a response to the report of the experts.
De Ondernemingskamer heeft op 1 juni 2010 de commissie van drie deskundigen die zijn benoemd in de uitkoopprocedure uitstel verleend tot 15 juli 2010 voor het indienen van het deskundigenbericht over de waarde van de over te dragen aandelen Rodamco Europe NV. Vervolgens zullen Unibail-Rodamco SE en de overige in de procedure verschenen partijen op 3 augustus 2010 een akte na deskundigenbericht kunnen nemen
Schiphol, April 26,
2010
Rodamco Europe NV is pleased to
announce the publication of its 2009 Annual Report.
Click here to view it or to download a pdf version. Copies of the
Annual Report can also be obtained, free of charge, at the offices of Rodamco
Europe N.V. in Schiphol (Schiphol Boulevard 371, 1118 BJ Schiphol).
Paris, March 10, 2010
Reaction by Unibail-Rodamco to the provisional judgment by the Enterprise
Chamber
We have taken notice with interest
of the provisional judgment by the Enterprise Chamber in the statutory buy-out
procedure of the remaining 1.5% Rodamco Europe NV shares, as initiated by us in
December 2007.
In the judgment of March 9 the Enterprise Chamber deems itself "insufficiently
informed to determine now independently the price of the shares to be
transferred". Therefore a committee of three experts will be nominated who will
by May 11 at the latest establish the actual value of the shares to be
transferred by means of a generally accepted method. Until this time the
Enterprise Chamber will refrain from making any further decisions.
An important element of the court ruling is that the plaintiffs demand for a
buy-out price related to the actual exchange of shares in June/July 2007, has
been rejected.
We look forward to the value determination investigation by the committee of
experts with interest and will fully co-operate with this.
Paris, 10 maart 2010
Reactie van Unibail-Rodamco op het tussenvonnis van de Ondernemingskamer
Wij hebben met belangstelling kennis genomen van het tussenvonnis van de
Ondernemingskamer in de door ons in december 2007 geïnitieerde uitkoopprocedure
voor de resterende 1,5% van de aandelen van Rodamco Europe.
In het arrest van 9 maart acht de Ondernemingskamer zich 'onvoldoende
voorgelicht om thans reeds zelfstandig de prijs van de over te dragen aandelen
te bepalen'. Daarom zal zij een commissie van drie deskundigen benoemen die
uiterlijk op 11 mei 2010 de actuele waarde van de over te dragen aandelen dient
te bepalen door middel van een algemeen aanvaarde methode. Tot die tijd onthoudt
de Ondernemingskamer zich van iedere verdere beslissing.
Een belangrijk element in het tussenvonnis is dat de Ondernemingskamer de wens
van de minderheidsaandeelhouders om een uitkoopprijs gerelateerd aan de waarde
ten tijde van de overdracht in juni/juli 2007 heeft afgewezen.
We zien het waardebepalingsonderzoek van de commissie van deskundigen met
belangstelling tegemoet en zullen hier onze volledige medewerking aan verlenen.
Delisting Rodamco Europe N.V.
In the press release of 31 March 2008 Rodamco Europe has announced that, in consultation with NYSE Euronext, it has taken the formal decision to delist Rodamco's shares from Euronext Amsterdam and Euronext Paris and that NYSE Euronext has been
requested to approve the delisting. NYSE Euronext has now granted its
approval to the delisting of Rodamco's shares. In consultation with
NYSE Euronext, it is expected that the ordinary shares of Rodamco
Europe N.V. with a nominal value of 8 EUR ("Shares") ISIN NL0000289320
will be delisted from Euronext Amsterdam and Euronext Paris effective 13 May 2008
. The last trading date was on 12 May 2008.
Merger of Unibail Holding S.A. and Rodamco Europe N.V.On May 21, 2007 Unibail Holding S.A. and Rodamco Europe N.V. jointly announced that Unibail made a friendly Public Exchange Offer for all the outstanding shares in the capital of Rodamco. The Offer was declared unconditional on June 21.
In 2007, Unibail-Rodamco acquired 98.52% of the issue share capital of Rodamco Europe. In December of that year, statutory buy out proceedings under Dutch law were initiated to acquire the remaining shares in Rodamco Europe. The buy out price is to be determined by the Enterprise Chamber of the Court of Appeals in Amsterdam. At the start of the proceedings Unibail-Rodamco proposed to pay Euro 81.03 per Rodamco share. Unibail-Rodamco amended its request to the Enterprise Chamber in March 2009 by proposing a revised buy out price of Euro 54.33 on March 23, 2009. This new proposal takes into consideration the overall market developments since December 2007, and is consistent with the method of calculation of the December 2007 proposal.
Please also visit Unibail-Rodamco's website: www.unibail-rodamco.com
