Liad Barzilai, Chief Executive Officer of Atrium European Real Estate Limited, Credit: Atrium

Proposed merger: Gazit acquires Atrium

The Acquisition is to be implemented by means of a statutory merger between the Company and Newco under Part 18B of the Companies (Jersey) Law 1991, as amended (the “Merger”).

On 18 October 2021, the Independent Committee of the Board of Directors of Atrium European Real Estate Limited and the board of directors of Gazit Hercules 2020 Limited (“Newco”), which is an indirect wholly-owned subsidiary of Gazit-Globe Ltd (“Gazit”), announced that they had signed a definitive merger agreement for a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Atrium that is not already owned directly or indirectly by Gazit or its affiliates.

Atrium and Gazit are pleased to announce that Atrium has today published a circular and notice of an extraordinary general meeting (“EGM”) to consider, and if thought fit, approve the Merger (the “Shareholder Circular”). The EGM to consider the Merger Resolutions (and the steps contemplated by the Merger) is scheduled to be held at 10.00 a.m. on Thursday, 23 December 2021 at the offices of Aztec Financial Services (Jersey) Limited at 11-15 Seaton Place St Helier, Jersey JE4 0QH.

The EGM is required to enable Atrium Shareholders to consider, and if thought fit, vote in favor of the resolutions to approve the Merger (amongst other ancillary matters).

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