Xior: Capital increase with pre-emptive allocation right totaling ca. 84 million euros

Xior: Capital increase with pre-emptive allocation right totaling ca. 84 million euros

Xior Student housing, the Belgian public regulated real estate company is organising a capital increase with pre-emptive allocation rights, totaling ca. 84 million euros.

Xior is a REIT governed by Belgian law that operates in student housing both in Belgium and the Netherlands and that offers a variety of properties ranging from rooms with shared facilities over en-suite rooms to fully-equipped studios.

Existing shareholders and holders of pre-emptive allocation rights can exercise their rights during the subscription period from 8 June 2017 untill 19 June 2017, according to the conditions as described in the Prospectus.

The key modalities of the capital increase are as follows:

Subscription period from 8 June 2017 to 19 June 2017, inclusive
subscription ratio 1 new Xior share (ISIN BE0974288202) for 2 existing Xior shares held on 7 June 2017, after close of trading on Euronext Brussels. 
Practical 31 euros per new share. (For your information, the Xior share's closing price on 6 June 2017 was 36,90 euros)
subscription costs no costs
Ex coupon date 8 June 2017
Payment date 22 June 2017
Start of trading new shares 22 June 2017
Listing location Euronext Brussels

The new shares confer an entitlement to receive the pro rata portion as from 22 June 2017 of the dividend for the current financial year 2017 and for subsequent financial years. Coupon No. 4, which was detached on 7 June, represents the pro rata portion of the dividend up to and including 21 June 2017.

The pre-emptive rights of allocation may be traded on the Euronext Brussels regulated market over the entire Subscription Period. If you don’t have at least 2 coupons No. 3 or a multiple thereof, you can buy additional allocation rights on Euronext Brussels during the subscription period. If you prefer not to participate in the capital increase, you can offer your rights of allotment for sale on that exchange. To carry out these transactions, you need to submit a buy or sell order before 4 p.m. on 19 June 2017. All irreducible rights of allotment that have not been exercised will be offered for sale as scrips through a private placement on 20 June 2017. The net proceeds of the sale of these scrips will be credited to your account as from 27 June 2017 as long as they come to at least 0.01 euros per coupon No. 3.

Prospectus

The Prospectus consists of (i) the Dutch version of the annual financial report for financial year 2017, which was approved as a registration document by the Financial Services and Markets Authority (FSMA) on 10 April 2017 and translated into English (the Registration Document), (ii) the transaction memorandum whose Dutch version was approved by the FSMA on 6 June 2017 and that was translated into English (the Transaction Memorandum) and (iii) a summary whose Dutch version was approved by the  FSMA on 6 June 2017 and that was translated into French and English (the Summary).

The Prospectus can be consulted here.

Warning

An investment in shares involves significant risks. Investors are urged to familiarise themselves with the Prospectus, and in particular with the risk factors described in chapter 1 ‘Risk Factors’ of the Securities Note and in the chapter ‘Risk Factors’ of the Registration Document before investing in the New Shares, the Priority Allocation Rights or the Scrips. Every decision to invest in the New Shares, the Priority Allocation Rights or the Scrips in the framework of the Offering, must be based on all information provided in the Prospectus. Potential investors must be able to bear the economic risk of an investment in shares and to undergo a full or partial loss of their investment.

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