Increase of maximum EUR 75.8 million via the merger of Cofinimmo with Belgian Office Properties (nominal amount: EUR 5,694.66 per share), against the issue of maximum 702,517 new Cofinimmo preference shares, with preference dividend capped at 5.90% of the issue price, convertible into Cofinimmo ordinary shares. Merger of Cofinimmo with Benelux Immo Loi against the issue of 688,476 new Cofinimmo ordinary shares.
Cofinimmo is submitting to the shareholders 2 separate proposals for merger by absorption;
- one with Belgian Office Properties, a public limited company incorporated in Belgium, against the issue of a maximum of 702,517 new Cofinimmo preference shares, with a capped preference dividend, convertible into Cofinimmo ordinary shares (see hereafter), and
- the other with Benelux Immo Loi, a public limited company incorporated in Belgium, against the issue of 688,476 new Cofinimmo ordinary shares.
These 2 mergers and the corresponding changes to the Articles of Association will be submitted for the approval of the Cofinimmo shareholders, who will be called upon to decide on the matter at the Extraordinary General Meeting convened for this purpose on 13.04.2004. In the event that half the share capital is not represented on that occasion, another Extraordinary General Meeting of Cofinimmo shareholders with the same agenda is scheduled for 30.04.2004. This meeting may validly deliberate, whatever the portion of capital represented by the shareholders present. It will take place following the Ordinary General Meeting convened to approve the management report and the annual accounts for the 2003 financial year.