Secondary Public Offering VGP

Secondary Public Offering VGP

Tisk

VGP, a pure play integrated logistics real estate group focused on Western and Central & Eastern Europe1

VGP (“VGP” or the “Company” or the “Group”), founded by Jan Van Geet in 1998, is a pure-play logistics real estate group focused on Western and Central and Eastern Europe. The Group is specialised in the acquisition, development, and management of logistics real estate, i.e. buildings suitable for logistical purposes and light industrial activities. In 2016, VGP entered into a 50:50 joint venture with Allianz Real Estate for a term of 10 years, the objective of which is to build a platform of new grade A logistics and industrial properties with a key focus on expansion in its core German market and high growth CEE markets. The Group develops and constructs high-end logistics real estate and ancillary offices for its own account and for the account of its VGP European Logistics joint venture, which is subsequently rented out to reputable clients via long term lease contracts.

Unique and fully integrated business model based on a develop, hold and sell strategy

VGP has a unique business model based on a develop, hold and sell strategy, allowing to maximize shareholder value and optimize capital allocation. The business model is fully integrated and managed with in-house capabilities. The vertical integration increases the operational efficiency and creates a flexible and scalable platform. The Group believes that its construction and project management expertise provides it with an advantage over its competitors.

VGP reached the critical size to broaden its investor base in Belgium and internationally

In 2007, VGP became a public company, with a listing on the regulated markets of Euronext Brussels and the Main Market in Prague (Czech Republic). As a public company, VGP increased its geographical presence to 72 countries with market entries in Germany (in 2013) and Spain (in 2015). Now, 10 years after the Company's stock market listing, the selling shareholders (Bart Van Malderen and VM Invest NV) believe that the Company has reached the critical size to broaden its investor base in Belgium and internationally. Furthermore, they wish to redeploy their initial investment in the Group into their other businesses and activities. Jan Van Geet (via Little Rock SA) wishes to remain CEO of the Group and an important shareholder of the Company, therefore he wishes to divest only a small part of his shareholding to support this transaction and the additional liquidity of the shares.

1  Source: Company information. 

2 Excluding the Park in Estonia (successful closing announced on 15 September 2017).

An investment in the Offer Shares involves substantial risks and uncertainties. Prospective investors should read the entire Prospectus, and, in particular, should see “Risk Factors” beginning on page 17 for a discussion of certain factors that should be considered in connection with an investment in the Shares. All of these factors should be considered before investing in the Offer Shares. Prospective investors must be able to bear the economic risk of an investment in the Shares and should be able to sustain a partial or total loss of their investment. See “Summary—Section D—Risks” and “Risk Factors”, on pages 10 and 17, and on page 9 of the productfiche.  

Learn more about the re-IPO

For more information on VGP and the terms of the Offering (including the Prospectus and the productfiche), you can contact your KBC-branch, your KBC Brussels-branch, KBC Live  (+32 (0)78 152 153) or go to the KBC-website (www.kbc.be/vgp).

The Prospectus is available in English and Dutch. The summary of the Prospectus has been translated in French.

Registration for the shares of VGP NV in the context of its re-IPO

Register for the shares of VGP NV in the context of its re-IPO on Euronext Brussels.

As a private investor you are able to subscribe at an offer price between 55 – 63 euro per share.

Registration for the shares of VGP NV in the context of this transaction is possible at your KBC-branch or KBC Brussels branch from 12 October 2017 up to and including 24 October 2017 (16h00 CET), subject to an early closing.

Warning

Shares do not have a maturity date and no redemption is scheduled. The shares are quoted and traded on Euronext Brussels and the Main Market of the Prague Stock Exchange, which could give rise to the realisation of short or surplus values. In the event of liquidation shareholders will rank after other creditors and will generally not recoup anything. This share can entitle the holder to dividends. The costs and taxes are set out in the productfiche from page 15 and in the Prospectus. Other costs and taxes are set out in the productfiche from page 15 and in the Prospectus. As a shareholder of VGP, your rights will be governed by Belgian law. Any document related to the Offering will be governed by Belgian law.

There are no subscription charges relating to this Offering. Tax on buy or sell transactions on the secondary market are as high as 0.27% of the transaction value, with a maximum of  EUR 1,600 per transaction and per party. The tax treatment will depend on each investor’s individual circumstances and may change in the future. The general principles will be set out in the section "Taxation in Belgium" of the Prospectus.

This notice is solely for information purposes and does not constitute investment advice. If you are looking for advice, please do not hesitate to ask your dedicated contact. You can submit any complaints you may have to klachten@kbc.be, 0800 62 084 and/or klachten@kbcbrussels.be, 02 303 31 60 and/or to the independent Ombudsman’s service: ombudsman@ombudsfin.be.

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