VGP NV wins € 300m Accelerated Book Creation Award


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NOT FOR DISTRIBUTION IN WHERE IN THE UNITED STATES OF AMERICA, JAPAN, CANADA, SOUTH AFRICA or AUSTRALIA

24 November 2021, 8.00pm, Antwerp, Belgium: VGP NV (‘VGP’ or the ‘Company’), a European supplier of high quality logistics and semi-industrial real estate, announces that it has today succeeded in successfully quantifying a € 300 million offer of gross proceeds through a private placement of new ordinary shares through an accelerated book creation offering to international institutional investors (the “Capital Increase”). The Capital Increase consists of 1,250,000 new shares (approximately 6.1% of the Company’s shares in circulation following the offer) at the issue price of € 240 per share, i.e. a discount of 9 , 1% compared to the last listed price of the Company’s share on November 24, 2021 of € 264.00 and a premium of 3.0% compared to the last listed price of the Company’s share before the update. 10-month trading day as published before the market opens on November 19, 2021.

VGP will use the net proceeds of the Capital Increase primarily to increase its financial purchasing power and strengthen its equity in order to finance the investment pipeline and to be able to capitalize on additional investment opportunities.

VGP CEO Mr. Jan Van Geet said: “We are very happy to announce the success of this fundraising which met a strong demand from local and international investors. This exercise has provided us with additional resources to pursue our strategy of seizing investment opportunities and will ensure that we can deliver our large pre-committed pipeline. We are grateful for the continued support from existing and new investors.

JP Morgan AG and KBC Securities SA / NV acted as Joint Global Coordinators and Joint Bookrunners of the Capital Increase, with BNP Paribas Fortis SA / NV and Belfius Bank SA / NV in cooperation with Kepler Cheuvreux SA acting as Joint Bookrunners (collectively referred to as “Union Banks”).

VGP has agreed, subject to the usual exceptions, that it will not issue, offer or sell, for a period of 180 days from the closing date, without the prior written consent of the Global Coordinators, acting at name of syndicated banks Shares of the Company or any securities convertible into Shares of the Company, or file a registration statement under the US Securities Act or any similar document with any other securities regulator, stock exchange or listing authority with respect to any of the above.

Payment and delivery of the new shares is expected to take place on or around Monday November 29, 2021 (the “Closing Date”), and a request will be made to admit the new shares to trading on the regulated market of Euronext Brussels at the same time. The new shares will be issued in accordance with Belgian law and are ordinary shares which represent the capital of the Company, in the same form as the existing ordinary shares. They confer the same rights as the existing ordinary shares. The new shares will carry dividend rights upon admission.

Following the issuance of the new shares, the number of outstanding shares of the Company will increase from 20,583,050 to 21,833,050 ordinary shares.

CONTACT INFORMATION FOR INVESTORS AND MEDIA SURVEYS

Martijn Vlutter
(VP – Business Development and Investor Relations)
Phone: +32 (0) 3 289 1433
Petra Vanclova
(External communication)
Phone: +42 0 602 262 107
Anette Nachbar
Brunswick Group
Phone. : +49 152 288 10363

ABOUT VGP

VGP is a pan-European developer, manager and owner of high quality logistics and semi-industrial real estate. VGP operates a fully integrated business model with long-standing capabilities and expertise across the value chain. The company has a development land reserve (owned or committed) of 10.49 million m² and the strategic focus is on the development of business parks. Founded in 1998 as a Belgian family-owned real estate developer in the Czech Republic, VGP, with a workforce of around 350 employees, owns and operates assets in 12 European countries directly and through several 50:50 joint ventures. As of June 2021, VGP’s net asset value including 100% joint ventures was EUR 4.48 billion and the company had a net asset value (EPRA NTA) of 1.51 billion euros. VGP is listed on Euronext Brussels (ISIN: BE0003878957).

For more information, please visit: http://www.vgpparks.eu

DISCLAIMER

This announcement does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of the securities referred to herein, in any jurisdiction in which such an offer, solicitation or sale would be. unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction.

This advertisement is not intended for distribution, directly or indirectly, in the United States of America, Canada, Australia, South Africa or Japan, or in any other jurisdiction where distribution is not authorized by the law. The information contained in this document does not constitute an offer of securities for sale in the United States of America, Australia, Canada, Japan, South Africa or Switzerland.

This announcement does not constitute an offer of securities in the United States of America, nor a solicitation to purchase securities in the United States of America. The securities referred to in this document have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), or under the United States Securities Act. securities of any state or jurisdiction of the United States of America and may not be offered, sold, resold, transferred or delivered, directly or indirectly in the United States of America, except under an applicable exemption from the requirements registration under the US Securities Act and in compliance with the applicable securities laws of any state or jurisdiction in the United States of America. The company has not registered and does not intend to register any part of the offering in the United States of America. There will be no public offering of securities in the United States of America.

In a Member State of the European Economic Area, an offer of securities to which this communication relates is addressed only to qualified investors of that Member State and of the United Kingdom within the meaning of Regulation ((EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 relating to the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71 / EC, as well as any measure of execution in each Member State concerned EEA State.

In the United Kingdom, an offering of the securities to which this communication relates is directed only and is intended only for and any investment or investment activity to which this information relates is only available, and will be engaged only with, (i) persons having professional experience in matters relating to investments falling within the definition of “investment professionals” in Article 19 (5) of the Law Ordinance 2005 Financial Services and Markets (Financial Promotion) 2005, as amended (the “Ordinance”), (ii) “high net worth businesses, unincorporated associations, etc.” “Falling under article 49 (2) (a) to (d) of the Ordinance, and (iii) any other person to whom it may otherwise be legally communicated (all these persons being together referred to as” Data subjects “) . Persons who are not data subjects should not take any action on the basis of this information and should not act or rely on it.

With regard to Switzerland, this announcement is intended for and is addressed only to investors qualified as “professional clients” within the meaning of FinSA.

  • VGP – Price press release (FR)

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