May 24 (Reuters) - Westfield Corp (WFD) : UNIBAIL HAS SIGNED ON...

May 24 (Reuters) - Westfield Corp (WFD) :

• UNIBAIL HAS SIGNED ON AS A PARTICIPANT IN ONEMARKET NETWORK AND WILL INITIALLY OWN 10% OF ONEMARKET BUSINESS
• ONEMARKET ASX-LISTED COMPANY WILL INITIALLY OWN A 90% INTEREST IN ONEMARKET BUSINESS WHICH WILL BE BASED IN SAN FRANCISCO
• UPDATES ON DEMERGER OF ONEMARKET
• ONEMARKET LIMITED, ASX LISTED COMPANY, WILL BE CHAIRED BY STEVEN LOWY
• BOARD WILL COMPRISE ILANA ATLAS, MARK JOHNSON AND BRIAN LONG
• DON KINGSBOROUGH WILL CONTINUE AS CEO AND WILL ALSO JOIN BOARD
• DIRECTORS UNANIMOUSLY RECOMMEND THAT SECURITYHOLDERS VOTE IN FAVOUR OF ONEMARKET DEMERGER RESOLUTIONS
• LOWY FAMILY IS ALSO VOTING IN FAVOUR OF DEMERGER
• WESTFIELD-IF ONEMARKET TRANSACTION APPROVED WESTFIELD SECURITYHOLDERS WILL RECEIVE A ONEMARKET SHARE FOR EVERY 20 WESTFIELD SHARES HELD ON THURSDAY