Successful placement of 800,000 Xior shares
Xior Student Housing NV, the Belgian real estate investment trust (BE-REIT) specialising in student housing in Belgium and the Netherlands, is pleased to announce the successful placement of 800,000 of Xior shares by its reference shareholder, Aloxe NV, as a result of which the trading of Xior shares on Euronext Brussels on 5 December 2018 has been suspended at Xior's request. This was a first step in the transaction to acquire the "Annadal site" in Maastricht (the Netherlands), which leads to an increase in Xior's equity capital by an amount of 30 million euro by way of a contribution in kind.
Successful private placement
Xior's reference shareholder, Aloxe NV, has placed existing Xior shares for an amount of 30 million euro through a private placement. The 800,000 shares were placed with a broad base of Belgian and international investors, at a price of 37.50 euro per share, representing a discount of 3.40% compared to the closing price of Tuesday, 4 December 2018, which was EUR 39.40, adjusted by the estimated value of coupon no. 8 detached before the placement, i.e. EUR 38.82 after this adjustment. In view of the detachment of coupon number 8 announced in the context of this transaction, Xior shares will remain suspended throughout the day and trading will resume on 6 December 2018 at the opening of the stock exchange.
The advisers were ING Belgium and Bank Degroof Petercam.
First step of the contribution in kind of the Annadal site in Maastricht (the Netherlands) carried out
The placement, whose object is the sale of existing shares of Aloxe NV, Xior's reference shareholder, is part of the transaction planned by Xior concerning the Annadal site in Maastricht (the Netherlands). Xior plans to acquire part of the real estate company that owns this site in Maastricht1 on 12 December 2018 through a contribution in kind of the shares in the real estate company concerned. The underlying property has an agreed value of approximately 62.6 million euro.
1 See the previous press release of 5 December 2018 concerning the acquisition of the "Annadal site" in Maastricht.
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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
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