Aroundtown gets go-ahead under 3%, 1.5% convertibles to transfer seat

By Susanna Moon

Chicago, May 18 – Aroundtown Property Holdings plc said it obtained the needed consents to amend its €450 million 3% convertible bonds due 2020 and its €300 million 1.5% convertible bonds due 2021.

As announced May 4, the company was soliciting consents for the change of seat of Aroundtown to the Grand Duchy of Luxembourg and its continuance as a Luxembourg company.

“The proposed migration will benefit the company and its group, as it will enhance the visibility and tradability of Aroundtown's shares and will further support the entry into various stock indices in conjunction with the intended up-listing of Aroundtown's shares to an E.U.-regulated market,” the company said.

The consent bid followed shareholder approval of the change, as previously noted.

The issuer is a Larnaca, Cyprus-based real estate holding company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.