In line with required notification periods for listing purposes, Vastned Belgium (Vastned Belgium NV, Euronext Brussels: VASTB, a public regulated real estate company (GVV/SIR)) announces today that it expects that the reverse cross-border legal merger, in which Vastned Retail (Vastned Retail N.V., Euronext Amsterdam: VASTN) would merge with and into Vastned Belgium (Merger), will enter into force on 1 January 2025 at 00.00 am CET (i.e., start of the day) and Vastned Belgium will be renamed to "Vastned".
Trading and ticker symbol
Subject to the Merger becoming effective:
• the new shares in the capital of Vastned allotted to Vastned Retail shareholders in the Merger (New Shares) will be admitted to trading on the regulated market of Euronext Brussels and all shares in the capital of Vastned will be admitted to trading, as a secondary listing, on the regulated market of Euronext Amsterdam, both with a first trading day on 2 January 2025 (being the first trading date following the Merger) and ticker symbol VASTB; and
• the Vastned Retail shares will be delisted from Euronext Amsterdam as per 2 January 2025, meaning that the last trading date of the Vastned Retail shares on Euronext Amsterdam will be 31 December 2024 (being the last trading date before the Merger).
Allotment of New Shares, Fractional Entitlements and Delivery
In the Merger, 0.839 New Share will be allotted for each Vastned Retail share that is not held by or for the account of Vastned Retail or Vastned Belgium. No fractional New Shares will be allotted. Instead, if a Vastned Retail shareholder is entitled to a fractional New Share as a result of the application of the exchange ratio, such a fractional New Share will be settled in accordance with the customary arrangement such shareholder has with its financial intermediary. Delivery of the New Shares will take place in book-entry form in the account of the relevant shareholders with their financial intermediary on 6 January 2025. However, such shareholders may already be able to start trading in their allotted New Shares as from 2 January 2025, provided that their respective financial intermediaries so allow. Vastned Retail shareholders concerned are invited to check with their financial intermediaries which policies they will apply. Neither Vastned Retail nor Vastned Belgium accepts any responsibility regarding these policies.
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