European Assets Trust N.V. ("EAT NV")
28 January 2019
Results of Court Meeting of European Assets Trust PLC ("EAT PLC") to approve the Migration
On 27 November 2018, it was announced that European Assets Trust N.V. ("EAT NV") proposed to migrate its legal seat and structure from the Netherlands to the United Kingdom by means of a cross-border merger by absorption with EAT PLC (the "Migration"). The Migration will result in the entire portfolio of investments of EAT NV transferring to EAT PLC, with shareholders entitled to receive one ordinary share in EAT PLC in exchange for each share held in EAT NV.
EAT NV is pleased to announce that, at the Court Meeting of EAT PLC held on 28 January 2019 (at the direction of the High Court of Justice), the resolution proposed to approve the Migration was passed. The full text of the resolution can be found in the Notice of Court Meeting, which is available on EAT PLC's website (www.europeanassets.co.uk).
The Migration remains subject to sanction by the UK High Court at a hearing due to take place on 14 February 2019, and the satisfaction (or if capable of waiver, the waiver) of the other conditions to the Migration, which are set out in the Common Draft Terms of Merger and the Prospectus published by EAT PLC in relation to the proposed listing on the London Stock Exchange of the shares to be issued by EAT PLC in connection with the Migration. The Common Draft Terms of Merger and the Prospectus are both available on EAT PLC's website.
Subject to satisfaction or waiver of those conditions, the Migration is expected to become effective on 16 March 2019. The EAT NV shares will be delisted from Euronext Amsterdam two trading days before the Effective Date. The Board of EAT NV will apply to the Financial Conduct Authority for the cancellation of the standard listing of EAT NV on the Official List, and to the London Stock Exchange to cancel the admission to trading of its shares on the Main Market, effective as of the first trading day after the Effective Date, expected to be 18 March 2019.
Application has been made for the EAT PLC shares to be admitted to the premium segment of the Official List and to trading on the premium segment of the Main Market of the London Stock Exchange, with expected admission to trading at 8.00 a.m. on 18 March 2019.
For further information contact:
Wilbert van Twuijver, Managing Director
FCA Management BV, Rotterdam +31 (0)10 201 36 25
Scott McEllen
BMO Investment Business Limited, Company Secretary 020 7628 8000
