Xior announces terms of optional dividend 2021

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CONDITIONS RELATING TO THE OPTIONAL DIVIDEND FOR THE 2021 FINANCIAL YEAR
The Board of Directors of the public regulated real estate company Xior Student Housing (hereinafter also referred to as the “Company”) (Euronext: XIOR – ISIN BE0974288202) has decided, within the framework of the authorised capital, to offer Xior’s shareholders by way of optional dividend, the opportunity to constitute their claim (arising from the dividend payment) to the capital of Xior. From 24 May 2022 to 1 June 2022 (4:00 p.m.) 258 coupons n° 17, 64 coupons n° 19 or 690 coupons n° 20 give the entitlement to subscribe for one new share at the issue price of EUR 47.67.

The shareholders were informed at the ordinary General Meeting held today, Thursday 19 May 2022, about the specific terms of this optional dividend, including the issue price and the option period. Subsequently, the general meeting approved the dividend per share of EUR 1.44 gross (EUR 1.008 net, i.e. the net dividend per share after deduction of 30% withholding tax) (the gross dividend of EUR 1.44 is represented by coupon n° 17 (previously detached from the Xior share – amounting to EUR 0.2643), coupon n° 19 (previously detached from the Xior share – amounting to EUR 1.0770) and coupon n° 20 (amounting to EUR 0.0987)).

Xior’s main shareholder, Aloxe NV, indicated to subscribe for the proposed optional dividend for the total amount of its participation in Xior.

Within the framework of the authorised capital, Xior’s Board of Directors has decided to make use of the possibility to offer shareholders an optional dividend. This will give them the possibility either to (i) contribute the net dividend claim in the capital of the Company against the issue of new shares, (ii) receive the dividend in cash or (iii) opt for a combination of these two options.

The new Xior shares that will be issued in the context of the optional dividend, with coupon n° 21 attached, will share in the Company’s result for the 2022 financial year (i.e. with effect as from 1 January 2022).

To the extent that the shareholders opt for the optional dividend, they will offer Xior the possibility to strengthen the Company’s equity and therefore lower its (limited by law) debt ratio. This will also offer Xior the possibility to carry out additional debt-financed transactions in the future, and enables the Company to realise its growth intentions through additional future investments. The optional dividend also leads to a retention (in proportion to the contribution of the net dividend rights in the Company’s capital) of funds within the Company that strengthen the equity position. In addition, this strengthens ties with shareholders.

 

Find the full press release in the PDF file added below.
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For more information, please contact:

Xior Student Housing NV
Mechelsesteenweg 34, box 108
2018 Antwerp
www.xior.be

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

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

Xior - PB Optional Dividend - EN - 19.05.2022.pdf

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Sandra Aznar

Head of Investor Relations

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 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