Capital increase of approximately EUR 134 million fully subscribed. Results of the Offer and amount payable to holders of non-exercised Irreducible Allocation Rights

Not for distribution, publication or release, directly or indirectly, in or into the United States of America, Canada, Australia, Japan, South Africa or any other country in which such distribution would be unlawful. Other restrictions also apply.

Public Offer 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 max. EUR 134,011,078
fully subscribed
Result of the sale of Scrips

Xior Student Housing NV announces the results of the Offer and the amount payable to holders of non-exercised Irreducible Allocation Rights, following the full subscription of the capital increase for the sum of approximately EUR 134 million.

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.

All Irreducible Allocation Rights, represented by coupon no. 6, which were not exercised by the end of the Subscription Period, were sold on 8 June 2018 in the form of Scrips in an exempt accelerated private placement with the composition of an order book, as set out in point 6.1.3 of the Securities Note. The Scrips buyers have therefore subscribed to the 257,352 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") allocated to holders of non-exercised Irreducible Allocation Rights amount to EUR 1.74 per Irreducible Allocation Right. Xior expects this amount to be available and paid upon presentation of coupon no. 6, in principle, from 15 June 2018.

The gross proceeds from the 100% subscribed New Shares, after the Subscription Period with Irreducible Allocation Rights and the exempt accelerated private placement of Scrips, are EUR 134,011,078. The net proceeds from the Offer (after deduction of the costs of the Offer) are estimated at EUR 131.1 million.

"We wish to thank all of our investors for making this transaction a success once again. This confirms the confidence of our investors in the growth story of Xior. Following the successful IPO in December 2015 and the public capital increase in 2017, the completion of this transaction marks another very important milestone in the company's continuing expansion that allows us to continue our growth strategy with conviction", said Christian Teunissen, CEO of Xior.

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 Euronext Brussels regulated market from the same date.

Trading in the Company's Shares on the Euronext Brussels regulated market was suspended today, 8 June 2018, at the Company's request, from the market opening, in the lead-up to the announcement of the results of the subscription with Irreducible Allocation Rights and the exempt accelerated private placement of the Scrips. Now that this phase has been successfully completed, the Company has requested the lifting of the suspension.

****

ING Belgium act as Sole Global Coordinator and with Kempen & Co, Bank Degroof Petercam and Belfius Bank as Joint Bookrunners.
_____________

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

Share

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

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