The shareholders of VastNed Offices/Industrial (VNOI) have overwhelmingly approved the merger with Nieuwe Steen Investments (NSI) during an extraordinary general meeting of shareholders held in Rotterdam yesterday (August 25, 2011).
Together, VNOI and NSI will be a leading Dutch property fund with a portfolio of 2.4 billion. NSI shareholders will vote on the merger on October 7, 2011.
The following resolutions were passed at VNOI's annual general meeting of shareholders:
- approval of the proposal to demerge VNOI, as demerging company, and NSI, NSI Beheer II B.V. and NSI German Holding B.V.
- discharge of the members of the board of management for the management conducted in the 2011 financial year during the period between January 1, 2011 up to and including August 25, 2011
- discharge of the members of the supervisory board for their supervision of the board of management in the 2011 financial year during the period between January 1, 2011 up to and including August 25, 2011.
On August 26, 2011, an extraordinary general meeting of shareholders of NSI will be held. Failing a quorum, the proposal to demerge VNOI, as demerging company, and NSI, NSI Beheer II B.V. and NSI German Holding B.V. will not be put to a vote. In this context, a second NSI EGM will be held on October 7, 2011 in which the proposal to demerge VNOI, as demerging company, and NSI, NSI Beheer II B.V. and NSI German Holding B.V. will be put to a vote.
Source: VastNed Offices/Industrial (VNOI)
