Private placement of Xior shares
Reference shareholder Aloxe participates with for 5 MEUR - Share suspended awaiting publication of results
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.
On 15 September 2022, Xior successfully completed the first phase of the Basecamp acquisition resulting in a capital increase of 296,613,756.50 EUR (including share premium). 6,741,221 new Xior shares were issued at an issue price of 44.00 EUR per share. This as compensation for an increase in capital by contributions in kind on behalf of the sellers, namely the funds ST Holding Sàrl and ESHF 2 Holdings Sàrl.
During the first six months, the sellers may only sell these shares through one or more private placements or distribute them to their "long" investors. Today, a suspension of trading of the Xior share on the regulated market of Euronext Brussels was filed at the request of the sellers in the context of a placement. The sellers wish to place shares amounting to 60 MEUR via an exempted accelerated private placement ("accelerated bookbuild") with composition of an order book with institutional investors ("ABB").
The sellers have issued a press release to announce this placement. The ABB started immediately after the publication of that press release. In connection with this placement, the sellers entered into a lock-up commitment, with customary exceptions, of 60 days for the remaining Xior shares held by them. 7
Xior's reference shareholder, Aloxe NV, has indicated to participate as a purchaser in this private placement of shares for a total amount of 5 MEUR.
The results of the ABB will be published in a press release expected on or around 5 October 2022, after which trading can be resumed.
Find the full press release in the PDF file added below.
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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
Head of Investor Relations
ir@xior.be
T +32 3 257 04 89