Approx. 42% of shareholders opt for payment of optional dividend in new shares

Publication of the new denominator under the Transparency Act

Results optional dividend & new denominator

Xior’s shareholders have chosen for approx. 42% of their dividend claims for a contribution of their net dividend claims in exchange for new shares rather than a dividend payment in cash.

This result leads to a capital increase (including issue premium) for Xior of approx. 18.91 MEUR by creating 670,432 new shares, which means the total number of Xior shares will be equal to 39,575,106.

I. Capital increase following optional dividend

This capital increase results in a retention of resources within the company, which will be used to strengthen Xior's equity and therefore reduce its (limited by law) debt ratio. In addition, this strengthens ties with shareholders.

Finally, the strengthening of Xior's equity will play a role in a.o. the assessment of Xior's financial health by third parties (credit institutions, suppliers and customers).

This result reduces the debt ratio by 0.6% (compared to a 100% dividend payment in cash) and results in a capital increase (including issue premium) following the optional dividend of approx. 18.91 MEUR. The deed for the capital increase was executed today, Tuesday 4 June 2024, before the opening of the stock market.

On Thursday 6 June 2024, the actual dividend settlement will take place before the opening of the stock market, whereby, depending on the choice of shareholders, (i) the new shares, issued in exchange for the contribution of net dividend rights, will be delivered, (ii) the dividend will be paid in cash, or (iii) the two previous payment terms will be combined.

The newly created shares will be admitted for trading on the Euronext Brussels regulated market as from 6 June 2024.

II. Disclosure under Article 15 of the Act of 2 May 2007 (Transparency Act)

As a result of this capital increase and the issue of 670,432 new shares at a total issue price of 18,912,886.72 EUR (specifically 12,067,776.00 EUR capital and 6,845,110.72 EUR issue premium), Xior Student Housing NV hereby discloses the following information as at 4 June 2024 in accordance with Article 15 of the Transparency Act:

  • Total capital: 712,351,908 EUR
  • Total number of voting securities: 39,575,106 (all ordinary shares)
  • Total number of votes (= denominator): 39,575,106 (all associated with ordinary shares)

Each of these shares confers one vote at the annual general meeting and these shares are therefore the denominator for the purpose of notifications under the transparency rules (i.e. notification in the event of reaching, exceeding or falling below the thresholds specified by law or in the Articles of Association). Xior's Articles of Association do not provide for additional statutory thresholds for notifications under transparency regulations. No outstanding options or warrants have been issued that entitle the holder to shares – neither pre-emptive shares, nor non-voting shares.


___________________

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

Xior - Press Release - Results optional dividend & New denominator - EN - 4.06.2024.pdf

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Sandra Aznar

IR & ESG Director

Christian Teunissen

CEO

Frederik Snauwaert

CFO

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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 September 2024, Xior Student Housing held a property portfolio worth approximately 3.3 billion EUR. 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
This press release contains forward-looking information, projections, convictions, opinions and estimates produced by Xior 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