Vastned Retail N : adjusts agenda Annual General Meeting
April 15, 2021 at 02:05 am EDT
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Amsterdam, 15 April 2021 - In the run-up to today's Annual General Meeting, Vastned Retail N.V. ('Vastned') has decided to remove the item relating to the proposed appointment of a new member of the Supervisory Board from the agenda of the AGM.
The Supervisory Board has come to this decision because it would appear that the required support from a major shareholder with regard to the proposed governance of the company is currently not yet forthcoming.
Marc van Gelder, chairman of the Supervisory Board: 'We have followed a meticulous procedure to find the most suitable candidate for the Supervisory Board. It is regrettable that we have not received the expected support of a major shareholder to fill this vacancy now. For this reason, we will be continuing our dialogue with this shareholder in the near future.'
Vastned expects to convene an Extraordinary General Meeting on the proposed appointment in the autumn.
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VastNed Retail NV published this content on 15 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2021 06:04:10 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.
VASTNED RETAIL N.V. 
