Unibail-Rodamco-Westfield: Deferral of conversions between CDIs and stapled shares in respect of upcoming interim dividend
March 18 2020 - 1:43PM
Paris, Amsterdam, March 18, 2020
Press release
Deferral of conversions between CDIs and
stapled shares in respect of upcoming interim dividend
Unibail-Rodamco-Westfield ("URW") has previously
announced that Wednesday March 25, 2020, will be the record date
for the purpose of determining CHESS Depositary Interest ("CDI")
holders' entitlement to the upcoming interim dividend to be paid to
CDI holders on Thursday April 9, 2020, in respect of stapled shares
underlying the CDIs.
URW has sought and been granted waivers from the
ASX of ASX Settlement Operating Rules 13.9.4 and 13.9.9 to allow
URW to defer, and not to process, conversions between its stapled
share and CDI registers during the period commencing on and
including the two business days before the dividend record date
(i.e., commencing on Monday, March 23, 2020) and ending on and
including the dividend record date (i.e., ending on Wednesday,
March 25, 2020).
The waivers will prevent a person from
inappropriately receiving dividends and also provide time for
pre-deferral conversion requests to be successfully matched and
completed prior to the dividend record date, in each case taking
account of the cross-border conversion processes and/or timing
considerations in Europe and Australia.
For further information, please
contact:
Investor Relations Samuel WarwoodMaarten
Otte +33 1 76 77 58 02 Maarten.otte@urw.com
Media Relations Tiphaine Bannelier-Sudérie +33 1 76
77 57 94 Tiphaine.Bannelier-Suderie@urw.com
About Unibail-Rodamco-Westfield
Unibail-Rodamco-Westfield is the premier global
developer and operator of Flagship destinations, with a portfolio
valued at €65.3 Bn as at December 31, 2019, of which 86% in retail,
6% in offices, 5% in convention & exhibition venues and 3% in
services. Currently, the Group owns and operates 90 shopping
centres, including 55 Flagships in the most dynamic cities in
Europe and the United States. Its centres welcome 1.2 billion
visits per year. Present on 2 continents and in 12 countries,
Unibail-Rodamco-Westfield provides a unique platform for retailers
and brand events, and offers an exceptional and constantly renewed
experience for customers. With the support of its 3,600
professionals and an unparalleled track-record and know-how,
Unibail-Rodamco-Westfield is ideally positioned to generate
superior value and develop world-class projects. The Group has a
development pipeline of €8.3 Bn.Unibail-Rodamco-Westfield
distinguishes itself by its Better Places 2030 agenda, that sets
its ambition to create better places that respect the highest
environmental standards and contribute to better cities.
Unibail-Rodamco-Westfield stapled shares are listed on Euronext
Amsterdam and Euronext Paris (Euronext ticker: URW), with a
secondary listing in Australia through Chess Depositary Interests.
The Group benefits from an A rating from Standard & Poor’s and
from an A2 rating from Moody’s.
For more information, please visit
www.urw.comVisit our Media Library at
https://mediacentre.urw.comFollow the Group updates on Twitter
@urw_group, Linkedin @Unibail-Rodamco-Westfield and Instagram
@urw_groupAccess the URW 2018 report at
https://report.urw.com/2018/
- Deferral of conversions between CDIs and stapled shares in
respect of upcoming interim dividend
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