Xior announces capital increase up to a maximum of approx. 178.9 MEUR to finance her growth strategy
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PUBLIC OFFERING FOR SUBSCRIPTION UP TO A MAXIMUM OF 4,209,288 NEW SHARES IN THE CONTEXT OF A CAPITAL INCREASE IN CASH WITHIN THE AUTHORISED CAPITAL WITH PRIORITY ALLOCATION RIGHT FOR AN AMOUNT
- Xior continues its expansion and announces new projects/investments for a total amount of approx. 41.7 MEUR.
- In order to finance this growth, Xior launches a capital increase for an amount up to a maximum of approx. 178.9 MEUR through a public offering for subscription up to a maximum of 4,209,288 New Shares in the context of a capital increase in cash within the authorised capital with Priority Allocation Right.
- Xior confirms, as also disclosed in its annual results, EPRA earnings of 1.70 EUR per share for the financial year 2020, an increase of 6.3% compared to 31 December 2019. Xior proposes a gross dividend of 1.36 EUR per share, an increase of 4.6% compared to 2019.
- Announcement for the financial year 2021 of expected EPRA earnings per share of 1.80 EUR (a 6% increase compared to the financial year 2020) and a gross dividend of 1.44 EUR per share.
- Issue Price: 42.50 EUR per New Share, which represents a discount of 11.46% compared to the closing price of the Shares on 23 February 2021, which was 48.40 EUR, adjusted with the estimated value of coupons nos. 16 and 17 to be detached on 24 February 2021 (after the end of trading), which resulted in 48.00 EUR after the adjustment.
- 5 Priority Allocation Rights give the right to subscribe to 1 New Share.
- Aloxe NV has committed itself irrevocably and unconditionally to subscribe to the capital increase for an amount of approx. 30.6 MEUR (which is 17.08% of the Offer).
- Detachment, on 24 February 2021 after the end of trading, of coupon no. 18 representing the Priority Allocation Right.
- Detachment, on 24 February 2021 after the end of trading, of coupon no. 16, representing the right to the dividend for the financial year 2020 for the period from 25 November 2020 (inclusive) up to and including 31 December 2020 and detachment of coupon no. 17, representing the right to the pro rata temporis dividend for the current financial year 2021 for the period starting from 1 January 2021 (inclusive) up to and including 8 March 2021, which will not be allocated to the New Shares.
- Subscription Period: from 25 February 2021 up to and including 4 March 2021.
- Application for the admission to trading of (i) the New Shares from their issue date and (ii) the Priority Allocation Rights during the Subscription Period on the regulated market of Euronext Brussels.
- The Priority Allocation Rights will be tradable during the full Subscription Period.
- In principle, the Private Placement of the Scrips will take place on 5 March 2021.
- Belfius Bank and ING Belgium are acting as Joint Global Coordinators and Joint Bookrunners. BNP Paribas Fortis, ABN AMRO – ODDO BHF and KBC Securities are acting as Joint Bookrunners and together with the Joint Global Coordinators and Joint Bookrunners are the Underwriters for the Offer.
In the PDF file added below you'll find the details of the capital increase up to a maximum of approx. 178,9 MEUR.
For more information about this transaction, please contact:
Xior Student Housing NV
Mechelsesteenweg 34, bus 108
2018 Antwerp
www.xior.be
Christian Teunissen, CEO
Frederik Snauwaert, CFO
Bastiaan Grijpink, 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
Disclaimer
These written materials are not for distribution in or to persons resident in the United States of America, Australia, Canada, Japan or South Africa. The information contained herein does not constitute an offer of securities for sale in the United States of America, Australia, Canada, Japan or South Africa.
This information is an advertisement and not a prospectus and investors should not purchase or subscribe for any securities referred to in this information except on the basis of information in the prospectus to be published by Xior Student Housing NV (“Xior” or the “Company”) in due course in connection with the offering (the “Prospectus”). Copies of the Prospectus will, following publication and subject to restrictions set forth in the Prospectus, be available from the Company’s registered office at Mechelsesteenweg 34, box 208, 2018 Antwerp, Belgium and on the website www.xior.be and will also be made available upon request at ING, Belfius, BNP Paribas Fortis and KBC Securities.
This information does not contain a solicitation for money, securities or other considerations and, if sent in response to the information contained herein, will not be accepted. This announcement contains statements which are "forward-looking statements" or could be considered as such. These forward-looking statements can be identified by the use of forward-looking terminology, including the words 'believe', 'estimate', 'anticipate', 'expect', 'intend', 'may', 'will', 'plan', 'continue', 'ongoing', 'possible', 'predict', 'plans', 'target', 'seek', 'would' or 'should', and contain statements made by the Company regarding the intended results of its strategy. By their nature, forward-looking statements involve risks and uncertainties and readers are warned that none of these forward-looking statements offers any guarantee of future performance. The Company's actual results may differ materially from those predicted by the forward-looking statements. The company makes no undertaking whatsoever to publish updates or adjustments to these forward-looking statements, unless required to do so by law.
The Company’s securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the laws of any state or other jurisdiction in the United States of America, and may not be offered or sold within the United States of America except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of securities will be made in the United States of America.
This information does not constitute an offer or invitation to proceed to an acquisition of or subscription for the Company’s securities, nor an offer or invitation to proceed to an acquisition of or subscription for the Company’s securities in the United States of America, Australia, Canada, Japan, South Africa, Switzerland, the United Kingdom or any other jurisdiction where such offer or invitation is not allowed without registration or qualification under the applicable legislation of the relevant jurisdiction, or where such offer or invitation does not meet the required conditions under the applicable legislation of the relevant jurisdiction.
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In Switzerland, this information is directed only at persons that qualify as “professional clients” in accordance with Article 4 iuncto 36 of the Swiss Financial Services Act (“Finanzdienstleistungsgesetz”) of 15 June 2018, as amended (“FinSA”). Any investment activity to which this document relates will only be available to and will only be engaged in with, professional clients. Any person who is not a professional client should not act or rely on this document or any of its contents.The distribution of this document in other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions.
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An investment in shares entails significant risks. Relevant investors are encouraged to read the Prospectus that is made available on the website of Xior, www.xior.be.