Announcement of results of capital increase. 94% subscribed after Subscription Period with Irreducible Allocation Rights

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Public offering for subscription to a maximum of 4,322,938 New Shares in the context of a capital increase in cash within the authorised capital with Irreducible Allocation Rights for up to max. EUR 134,011,078
94 % is subscribed after the Subscription Period with Irreducible Allocation Rights
Launch of private placement

Xior Student Housing NV announces the results of the capital increase in cash after the end of the Subscription Period with Irreducible Allocation Rights.

During the Subscription Period with Irreducible Allocation Rights, which ended on 7 June 2018, 4,065,586 New Shares, or 94 % of the total number of New Shares offered were subscribed.

The 514.705 Irreducible Allocation Rights, represented by coupon no. 6, which were not exercised by the end of the Subscription Period, will now be sold as part of an exempt accelerated private placement with the composition of an order book, as set out in point 6.1.3 of the Securities Note. This sale will take place immediately after the publication of this press release. The Scrips buyers will have to subscribe to the New Shares still available at the same price and in the same proportion as for the subscription following the exercise of the Irreducible Allocation Rights, i.e. 1 New Share (at EUR 31.00 per New Share) for 2 Irreducible Allocation Rights (in the form of Scrips). The net proceeds from the sale of these Scrips (the "Excess Amount") will be paid on presentation of coupon no. 6, in principle from 15 June 2018. If the net proceeds per Scrip are less than EUR 0.01 per Scrip, they will not be paid to the holders of non-exercised Irreducible Allocation Rights, but will be transferred to the Company.

The result of the subscriptions to New Shares due to the exercised Scrips and Excess Amount belonging to holders of non-exercised Irreducible Allocation Rights, if the net proceeds are EUR 0.01 or more per Scrip, will be announced in principle in a press release on 8 June 2018, after the end of the private placement of the Scrips.

Payment and delivery of the New Shares will take place on 12 June 2018. In principle, the New Shares will be admitted to trading on the regulated market of Euronext Brussels from the same date.

Trading in the Company's Shares on the regulated market of Euronext Brussels was suspended today, 8 June 2018, at the Company's request, from the market opening, until the moment of the publication of the press release about the results of the Offer (i.e. including the results of the private placement of the Scrips), which will appear on the Company's website and in the press later today.

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ING Belgium act as Sole Global Coordinator and with Kempen & Co, Bank Degroof Petercam and Belfius Bank as Joint Bookrunners.
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For more information about this transaction please contact:
Xior Student Housing 
Mechelsesteenweg 34, box 108
2018 Antwerp
www.xior.be
                                           
Christian Teunissen, CEO
Frederik Snauwaert, CFO
Arne Hermans, CIO
T +32 3 257 04 89
info@xior.be

Xior Investor Relations
Sandra Aznar
Head of Investor Relations
ir@xior.be
T +32 3 257 04 89

 

Xior Student Housing NV

 

Christian Teunissen

CEO

Frederik Snauwaert

CFO

Arne Hermans

CIO

Sandra Aznar

Head of Investor Relations

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About Xior Student Housing NV

Xior Student Housing NV is the first Belgian public regulated real estate company (RREC) specialising in the student housing segment in Belgium, the Netherlands, Spain, Portugal, Germany, Poland, Denmark and Sweden. Within this property segment, Xior Student Housing offers a variety of accommodation, ranging from rooms with shared facilities to en-suite rooms and fully equipped studios. Since 2007, as owner-operator, Xior Student Housing has built high-quality, reliable student accommodation for students looking for the ideal place to study, live and relax. A place with that little bit extra, where every student immediately feels at home.

Xior Student Housing has been accredited as a public RREC under Belgian law since 24 November 2015. Xior Student Housing's shares have been listed on Euronext Brussels (XIOR) since 11 December 2015. On 30 June 2025, Xior Student Housing held a property portfolio worth approximately EUR 3.5 billion. More information is available at www.xior.be.

Xior Student Housing NV, a Public RREC under Belgian law (BE-REIT)
Frankrijklei 64-68, 2000 Antwerp, Belgium
BE 0547.972.794 (Antwerp Register of Legal Entities, Antwerp Division)

Disclaimer
in relation to the expected future performance of Xior and of the market in which it operates ('forward-looking statements'). By nature, forward-looking statements involve inherent risks, uncertainties and assumptions, both general and specific, that appear justified at the time at which they are made but which may or may not turn out to be accurate, and there is a risk that the forward-looking statements will not be realised. Some events are difficult to predict and may depend on factors outside of Xior's control. In addition, the forward-looking statements are only valid on the date of this press release. Statements in this press release relating to past trends or activities may not be interpreted as an indication that such trends or activities will persist in future. Neither Xior nor its representatives, officers or advisers can guarantee that the parameters upon which the forward-looking statements are based are free of errors, nor can they indicate, guarantee or predict whether the expected results set out in such a forward-looking statement will ultimately be achieved. Actual profits, the financial situation and Xior's performance or results may therefore differ substantially from the information projected or implied in forward-looking statements. Xior expressly does not accept any obligations or guarantees as to public updates or reviews of forward-looking statements unless required to do so by law. This press release has been prepared in Dutch and has been translated into English and French. In case of discrepancies between the different versions of this press release, the Dutch version will prevail.

Contact

Frankrijklei 64-68 2000 Antwerp, Belgium Belgium

+32 3 257 04 89

info@xior.be

www.xior.be