Vastned Retail N : AGM postponed due to COVID-19 measures
March 30, 2020 at 12:18 pm IST
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Amsterdam, 30 March 2020 - Vastned, the listed European retail property company focusing on 'venues for premium shopping', announces its decision to postpone its Annual General Meeting on the 2019 financial year of 16 April 2020 until further notice, due to the measures in the context of COVID-19.
The health and safety of our shareholders, employees and other stakeholders is paramount for Vastned. The company is closely following the instructions of the World Health Organization and of government authorities. It is currently unclear whether the shareholders' meeting can be held in a way that safeguards the health and safety of all concerned and that at the same time ensures a properly held shareholders' meeting. For this reason, the members of the Executive Board and the Supervisory Board of Vastned have decided to postpone the Annual General Meeting (AGM) that was scheduled for 16 April 2020 until further notice.
Vastned will inform its shareholders promptly of the new date for the AGM as soon as it is set.
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VastNed Retail NV published this content on 30 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2020 06:47:00 UTC
Vastned Retail N.V. is a European listed property company focusing on the best retail property on the popular high streets of selected European cities with a historic city centre, also referred to as « core city assets ». The tenants of VastNed Retail N.V. include international and national department stores that are leading in their sector; major luxury, fashion and sports brands; supermarkets; and a wide range of other retailers.
By investing in historic city centres Vastned Retail N.V. contributes to the preservation of the cultural heritage in these city centres. Vastned Retail N.V. also provides a positive contribution to the liveability and safety in city centres by creating and renovating residential space above retail units. In this way, the company endeavours to create long-term value for its shareholders, tenants, employees and society as a whole.
At year-end 2023, the group's real estate portfolio amounted to EUR 1,373 million. Over 80% of the portfolio is comprised of property located in the historic centres of selected European cities. The remainder of the portfolio is mostly made up of Belgian retail parks, supermarkets and high-quality retail property in smaller cities in the Netherlands and Belgium.