Conversion price convertible bond adjusted for dividend distributions
Rotterdam, 20 August 2014 – Vastned, the listed European retail property company focusing on venues for premium shopping, hasadjusted the conversion price of the convertible bond for dividend distributions.
Vastned announces to its bond holders that following the 2013 final dividend distribution of € 1.63 per share and the 2014 interim dividend distribution of € 0.73 per share, the rights of the holders of the convertible bonds due 10 April 2019 issued by Vastned in 2014 (ISIN code: XS1054643983) have been adjusted.
Effective of 18 August 2014, being the ex-dividend date of the 2014 interim dividend, the calculation agent has determined that the conversion price isadjusted from € 46.19 to € 44.89.
Vastned is a listed European retail property company focusing on venues forpremium shopping. Vastned invests in selected cities in Europe and Istanbul, with a clear focus on the best retail property in the most popular shopping streets in the bigger cities (high streets). Vastned's tenants are strong and leading international and national retail brands. The property portfolio has a size of approximately € 1.5 billion.