Xior finalises acquisition of LivinnX residence in Kraków, Poland

Publications under the Transparency Act

As previously announced on 27 June 2024 (see press release), Xior Student Housing NV fully completed the acquisition of the LivinnX residence in Kraków (Poland) this morning. The LivinnX residence is a modern student residence, completed in 2019, comprising a total of 290 self-contained units, 673 beds and various communal areas.

1. Transaction
This morning, before a Polish notary, the deed of sale was executed between the seller and Xior Student Housing Krakow, a 100% subsidiary of Xior, in relation, to the LivinnX residence, leaving the purchase price unpaid and creating a debt claim against Xior Student Housing Krakow. Subsequently, this debt claim was contributed to the capital of Xior through a deed before a Belgian notary whereby new Xior shares were issued. The contribution value (i.e. is the value of the debt claim in question that was contributed, which is equal to the purchase price + VAT) was set at 35.301 MEUR, as a result of which a capital increase of the same amount (notably 21,896,154 EUR in capital and 13,404,846 EUR in share premium). At the determined issue price of 29.0196 EUR per share (not rounded), this represents 1,216,453 new shares.

This issue price was previously determined and is equal to the 30 calendar day average closing price per share on Euronext Brussels1 prior to the day of the signing of the contribution agreement regarding LivinnX on 27 June 2024. This contribution agreement was signed on the same day as the contribution agreement relating to Campo Pequeno (Lisbon), being 27 June 2024 (see press release). Both contributions and the associated issues of new shares could therefore take place at the same issue price.

The new shares (1,216,453 shares) were subsequently sold by the contributor at a price equal to the issue price (29.0196 EUR per share (not rounded)) to the reference shareholder, Aloxe NV, following the capital increase and issue of new shares. In preparation for this acquisition of new shares, Aloxe, the day before on 4 July 2024 made a private placement of an identical number of shares (1,216,453 shares). These shares were placed through ING with Car Logistics Brussels NV (subsidiary of Katoen Natie Group SA) at the same price as the issue price namely 29.0196 EUR per share (not rounded). As the placement price was set equal to the issue price, no arbitrage gains were realised on the price of the shares (see press release).

Because this sale of existing Xior shares by Aloxe yesterday was followed by the acquisition of the same amount of new shares today, Aloxe's equity position in Xior remains unchanged after both transactions. The acquisition of the LivinnX residence in Kraków (Poland) was therefore fully completed today.

The Board of Directors' contribution report as well as other documents can be viewed here. The dilution for the existing shareholders following this share issue amounts to approx. 2.87%.

Find the full press release in the PDF file added below. 
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1 Pursuant to article 26§2, al. 1, 2° GVV Act.

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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
IR & ESG Director
ir@xior.be
T +32 3 257 04 89

Xior Press Release - Closing LivinnX - EN - 05.07.2024.pdf

PDF - 516 Kb
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Sandra Aznar

IR & ESG Director

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 September 2024, Xior Student Housing held a property portfolio worth approximately 3.3 billion EUR. 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
This press release contains forward-looking information, projections, convictions, opinions and estimates produced by Xior 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