DJ EGM Notice. Delisting
BCRE Brack Capital Real Estate N.V.
EGM Notice. Delisting
18-Dec-2020 / 15:00 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
This announcement contains inside information within the meaning of the
Market Abuse Regulation (EU) (No 596/2014).
18 December 2020
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Posting of notice of Extraordinary General Meeting
De-Listing of the Company's Shares
The Company hereby announces that its board (the "Board"), decided to seek
the approval of the Company's General meeting to proceed with the
cancellation of the listing of the Company's ordinary shares of €0.01
each (the "Shares") from the admission to the Cyprus Stock Exchange and the
cancellation of the admission to trading of the CSE Emerging Companies
Market (together, the "De-Listing").
BCRE is pleased to announce that the Company's Extraordinary General Meeting
will be held at Barbara Strozzilaan 201, 1083HN Amsterdam, the Netherlands
on 8 January 2021 at 9 a.m. GMT (10 a.m. CET).
The following text is the Chairman's letter extracted from the circular
containing the notice of the Extraordinary General Meeting ("Notice") posted
to shareholders today and the expected table of events.
Dear Shareholder
Notice of Extraordinary General Meeting
1) Introduction
The purpose of the Notice is to provide you with the agenda for the
Extraordinary General Meeting. Before the meeting, the agenda with
explanatory notes and the announcements that are required by virtue of law
and the Articles and all additional meeting documents (if any) are available
to holders of Shares, holders of Depositary Interests.
The meeting documents are available on the website of the Company
www.brack-capital.com [1] as of 18 December 2020.
1 Approval of the De-Listing (voting item)
******************************************
On 18 December 2020, the Board conditionally resolved to apply for (i) the
cancellation of the Shares (ISIN: NL0010763611) from admission to the Cyprus
Stock Exchange and (ii) the cancellation of the admission to trading of the
CSE Emerging Companies Market (together, the De-Listing). Under this
resolution, the Board has determined that the De-Listing (and the decision
to proceed with any applications to the CSE Emerging Companies Market in
connection therewith) shall be conditional on the receipt of approval from
Shareholders with a majority of at least 90% of the votes cast at a general
meeting of the Company (EGM Approval). Accordingly, the Board and/or the
Company shall only proceed with the necessary steps and documents required
to perform, execute and complete the De-Listing if and after the EGM
Approval has been obtained. The Extraordinary General Meeting is requested
by the Board in order to grant the EGM Approval.
Under the art. 2.4 of the Cyprus Stock Exchange Rules on Delisting, there is
a requirement for BCRE to obtain the prior approval of shareholders for the
De-Listing which has been approved by 90% of its capital represented at the
meeting. For completeness sake, it is noted that, if the requisite
percentage of 90% is not obtained in connection with the EGM Approval, the
Shares will continue to be admitted to the Cyprus Stock Exchange and to
trading on the CSE Emerging Companies Market.
Please see the Explanatory Notes to the Agenda for the EGM (contained in the
Notice set out at the end of this document) for details of the background to
the proposed De-Listing, BCRE's rationale for the proposed De-Listing and
how the Company is seeking to mitigate certain risks which would typically
be associated with the proposed De-Listing.
2 General Meeting
*****************
A notice convening the Extraordinary General Meeting to be held at Barbara
Strozzilaan 201, 1083 HN Amsterdam, the Netherlands on 8 January 2021
commencing at 10 a.m. CET is set out on page 8 of the Notice. Further
background on the Resolutions can be found in the explanatory notes to the
Notice.
3 Voting
********
A Form of Proxy for use by Shareholders at the Extraordinary General Meeting
is enclosed with this document. Whether or not you propose to attend the
Extraordinary General Meeting, you are encouraged to complete and sign the
Form of Proxy in accordance with the instructions printed thereon and to
return it to the Company, as soon as possible and in any event so as to be
received no later than 10 a.m. CET on 6 January 2021 (being 48 hours before
the time appointed for the holding of the Extraordinary General Meeting).
The return of a completed Form of Proxy or the submission by CRET members of
an electronic proxy appointment will not preclude you from attending the
Extraordinary General Meeting and voting in person, should you so wish.
Holders of Depositary Interests in the Company wishing to instruct Link
Market Services Trustees Limited, the Depositary, to vote in respect of the
holder's interest should use the enclosed Form of Direction. The completed
Form of Direction must be received by Link Asset Services, PXS, 34 Beckenham
Road, Beckenham, Kent BR3 4TU, as soon as possible and in any event so has
to be received no later than 10 a.m. CET on 5 January 2021 (being 72 hours
before the time appointed for the holding of the Extraordinary General
Meeting).
Yours faithfully
Moshe Lustig, Chairman
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments
N.V.
Nansia Koutsou, Chief Executive Officer
Yiannis Peslikas, Chief Financial Officer +31 20 514 1004
Novella Communications
Tim Robertson +44 203 151 7008
About BCRE
BCRE is an international real estate development and investment group,
headquartered in the Netherlands and listed on the Cyprus Stock Exchange.
Through its subsidiary and associated undertakings, the Company is
interested in, develops and operates and international portfolio of real
estate assets in the markets it operates.
The Company has established local management team platforms with significant
local market expertise. At present, the Company has offices and teams in New
York, Moscow, Amsterdam and Limassol.
Regulatory filing PDF file
File: EGM Notice. Delisting [2]
Language: English
Company: BCRE Brack Capital Real Estate N.V.
Barbara Strozzilaan 201
1083HN Amsterdam
Netherlands
Internet: http://www.brack-capital.com/
ISIN: NL0010763611
Euronext MLBCR
Ticker:
AMF Category: Inside information / Issuer activities (acquisitions,
sales...)
EQS News ID: 1156382
End of Announcement EQS News Service
1156382 18-Dec-2020 CET/CEST
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(END) Dow Jones Newswires
December 18, 2020 09:00 ET (14:00 GMT)
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