Unibail-Rodamco-Westfield stapled shares
are listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW), with a secondary listing in Australia through Chess Depositary Interests.
Under the proposed EUR13.4 billion acquisition (not including EUR400 million of transaction fees), Westfield shareholders will receive approximately EUR8.7 billion of equity in the form of stapled shares
and about EUR4.8 billion of cash.
The full effect in 2019 of the consideration to fund the Westfield Transaction, mainly the stapled shares issued, exceeds the benefit of the full year contribution from Westfield.
Adjusted Recurring Earnings per Stapled Share ("AREPS") of EUR12.92
Adjusted recurring earnings per stapled share grew +7.2%, exceeding guidance.
Going Concern NAV per stapled share increased to EUR233.90 as at December 31, 2018, up +EUR14.70 (+6.7%) compared to December 31, 2017.
Class A shares (the "Stapled Shares") and jointly be admitted to trading on Euronext Amsterdam (market of reference) and Euronext Paris.
228-99, 2 of the French Commercial Code, that as from the completion of the Transaction on June 7, 2018, each ORA will be redeemable by the delivery, to the ORA holder, of Stapled Shares, instead of Unibail-Rodamco SE shares, on the basis of the then applicable redemption ratio.
The Prospectus, for the admission to trading on the regulated markets of Euronext Paris and Euronext Amsterdam of Stapled Shares
, was approved by the AMF and AFM on March 28, 2018.