Consortium of URW investors led by Aermont Capital and NJJ Holding crosses 5% shareholding threshold

Thursday, 22. October 2020 08:00

LUXEMBOURG, Oct. 22, 2020 (GLOBE NEWSWIRE) -- The consortium of investors in Unibail-Rodamco-Westfield SE (“URW”) led by Léon Bressler of Aermont Capital and Xavier Niel of NJJ Holding today notified the Autorité des marchés financiers that the consortium’s combined shareholding in URW has crossed the 5 per cent threshold.

The shares have been acquired by Flagship Retail Investment S.à r.l., an investment vehicle of Aermont Capital Real Estate Fund IV SCSp managed by Aermont Capital Management S.à r.l., and by wholly-owned subsidiaries of NJJ Holding, the personal investment vehicle of Xavier Niel.

Disclaimer

By receiving this document, the recipient of this document agrees to all the terms specified in this Disclaimer. The recipient of this document agrees that use of the information contained in this document is at his/her/its own risk.

This document has been issued by Flagship Retail Investment S.à r.l. (“Flagship Retail Investment”), an investment vehicle of Aermont Capital Real Estate Fund IV SCSp managed by Aermont Capital Management S.à r.l., and by Rock Investment, a wholly-owned subsidiary of NJJ Holding, the personal investment vehicle of Xavier Niel (“Rock Investment” and, together with Flagship Retail Investment, the “Consortium”).

The purpose of this document is to provide information about the Consortium’s views on Unibail-Rodamco-Westfield (“URW”), its opposition to the €3.5 billion rights issue at the 10 November 2020 general meeting, the possible alternate strategy that could be implemented to deliver long-term shareholder value and its proposal to strengthen URW’s Supervisory Board through the appointment of new members.

This document is for discussion and information purposes only. The views expressed herein represent the opinion of the Consortium as of the date hereof. The Consortium reserves the right to change or modify any of its opinions expressed herein at any time and for any reason and expressly disclaims any obligation to correct, update or revise the information contained herein or to otherwise provide any additional materials.

The Consortium may include in this document information and views provided by other investors and interested parties. Unless described as facts or as the opinions of third parties, the information in this document constitutes the interpretations, opinions, or estimates of the Consortium.

All of the information contained herein is based on publicly available information with respect to URW, including public filings and disclosures made by URW and other public sources as well as on the Consortium’s analysis and opinion of such publicly available information. The Consortium has relied upon and assumed, without independent verification, the accuracy and completeness of all data and information available from public sources and no representation or warranty is made that any such data or information is accurate. Forward-looking information contained in this document, including statement of opinion and/or belief, are based on a variety of estimates, assumptions or projections made by the Consortium and incorporates exogenous factors. These forward-looking statements, estimates and projections are inherently uncertain and subject to significant economic, competitive, and other uncertainties and contingencies and have been included solely for illustrative purposes. Actual results may differ materially from the estimates, projections or assumptions contained herein due to reasons that may or may not be foreseeable.

No representation, warranty or undertaking, express or implied, is given and no responsibility or liability or duty of care is or will be accepted by the Consortium or its affiliates or any of its directors, officers, employees, agents, or advisers concerning: (i) this document and its contents, including whether the information and opinions contained herein are accurate, fair, complete or current; or (ii) the provision of any further information, whether by way of update to the information and opinions contained in this document or otherwise to the recipient after the date of this document. This document does not confer any rights on the recipient thereof or impose any obligations on the Consortium.

This document is for informational purposes only, and does not constitute (a) an offer, invitation or advice to buy or sell, or a solicitation of an offer to buy or sell, any security or other financial instrument or otherwise engage in investment activity and no legal relations shall be created by its issue, (b) a “financial promotion” for the purposes of the Financial Services and Markets Act 2000, as amended (c) “investment research” or “investment advice,” each as defined by the FCA handbook, or (d) an “investment recommendation” as defined by Regulation (EU) 596/2014. No information contained herein should be construed as a recommendation by the Consortium.

This document is not intended to form the basis of any investment decision or as suggesting an investment strategy. This document, the information and analyses contained herein are not intended as tax, legal, financial or investment advice. This document has been prepared without regard to the specific investment objectives, qualification, financial situation and needs of any particular recipient. The recipient should not rely on the information contained herein in connection with any investment decision.

No agreement, commitment, understanding or other legal relationship exists or may be deemed to exist between or among the Consortium and any other person by virtue of furnishing this document. The Consortium is not acting for or on behalf of any recipient of this document. The Consortium is not responsible to any person for providing advice in relation to the subject matter of this document. Before determining on any course of action, any recipient should consider any associated risks and consequences and consult with its own independent advisors as it deems necessary.

At the date of this document, the Consortium holds more than 4.1% of URW’s share capital and the Consortium and/or its affiliates may also have positions in any other issuer. Accordingly, this document should not be viewed as impartial.

The Consortium reserves the right to take any actions with respect to its investments in URW as it may deem appropriate.

The Consortium has not sought or obtained consent from any third party to use any statements or information contained herein. Any such statements or information should not be viewed as indicating the support of such third party for the views expressed herein. This document has not been approved or verified by any regulatory authority, and no regulatory authority has endorsed these materials or passed upon the merits of an investment. All trademarks and trade names used herein are the exclusive property of their respective owners.

Access to this document may be restricted by law in certain jurisdictions. Persons who have access to this document are required to inform themselves about and to observe any such restrictions.

MEDIA CONTACTS

International - FinElk
Louise Tingström: +44 7899 066 995
Cornelia Schnepf: +44 7387 108 998
Robin Haddrill:  +44 7920 016 203
Email: aermont@finelk.eu  

France - DGM Conseil
Michel Calzaroni: +33 6 07 34 20 14
Christian d’Oléon: +33 6 08 49 89 07  
Email: m.calza@dgm-conseil.fr
Email: chrisdo@dgm-conseil.fr
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