Xior finalises acquisition of LivinnX residence in Kraków, Poland

1. Transaction
This morning, before a Polish notary, the deed of sale was executed between the seller and Xior Student Housing Krakow, a 100% subsidiary of Xior, in relation, to the LivinnX residence, leaving the purchase price unpaid and creating a debt claim against Xior Student Housing Krakow. Subsequently, this debt claim was contributed to the capital of Xior through a deed before a Belgian notary whereby new Xior shares were issued. The contribution value (i.e. is the value of the debt claim in question that was contributed, which is equal to the purchase price + VAT) was set at 35.301 MEUR, as a result of which a capital increase of the same amount (notably 21,896,154 EUR in capital and 13,404,846 EUR in share premium). At the determined issue price of 29.0196 EUR per share (not rounded), this represents 1,216,453 new shares.

This issue price was previously determined and is equal to the 30 calendar day average closing price per share on Euronext Brussels¹ prior to the day of the signing of the contribution agreement regarding LivinnX on 27 June 2024. This contribution agreement was signed on the same day as the contribution agreement relating to Campo Pequeno (Lisbon), being 27 June 2024 (see press release). Both contributions and the associated issues of new shares could therefore take place at the same issue price.

The new shares (1,216,453 shares) were subsequently sold by the contributor at a price equal to the issue price (29.0196 EUR per share (not rounded)) to the reference shareholder, Aloxe NV, following the capital increase and issue of new shares. In preparation for this acquisition of new shares, Aloxe, the day before on 4 July 2024 made a private placement of an identical number of shares (1,216,453 shares). These shares were placed through ING with Car Logistics Brussels NV (subsidiary of Katoen Natie Group SA) at the same price as the issue price namely 29.0196 EUR per share (not rounded). As the placement price was set equal to the issue price, no arbitrage gains were realised on the price of the shares (see press release).

Because this sale of existing Xior shares by Aloxe yesterday was followed by the acquisition of the same amount of new shares today, Aloxe's equity position in Xior remains unchanged after both transactions. The acquisition of the LivinnX residence in Kraków (Poland) was therefore fully completed today.

The Board of Directors' contribution report as well as other documents can be viewed here. The dilution for the existing shareholders following this share issue amounts to approx. 2.87%.

Find the full press release in the PDF file added below. 
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¹ Pursuant to article 26§2, al. 1, 2° GVV Act.

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_{For more information, please contact:}

_{Xior Student Housing NV
Frankrijklei 64-68
2000 Antwerp, Belgium 
www.xior.be}

_{Christian Teunissen, CEO
Frederik Snauwaert, CFO
info@xior.be
T +32 3 257 04 89}

_{Xior Investor Relations
Sandra Aznar
IR & ESG Director
ir@xior.be
T +32 3 257 04 89}