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Press Release
Regulated Information – Inside information
3 September 2020, 7:00am, Antwerp (Berchem), Belgium: VGP NV (‘VGP’ or 'the Group'), a leading European provider of high-quality logistics and semi-industrial real estate, announces today that VGP Belgium NV (a 100% subsidiary of VGP NV and formerly named VGP MISV Comm.VA) successfully placed 929,153 existing ordinary shares in VGP (the “Shares”), corresponding to 4.51% of the outstanding share capital of VGP, by means of a private placement via an accelerated bookbuild offering to international institutional investors (the ‘Placement’). The Shares were placed at a price of €117.50 per Share, resulting in €109.18 million in gross proceeds. The price represents a discount of 4.16% compared to the last traded price of the Shares on 2 September 2020 of €122.60.
VGP’s Chief Executive Officer, Mr. Jan Van Geet, said: "We are very pleased with the successful completion of this placement which saw significant demand, particularly from our long-term institutional shareholders, resulting in an oversubscription of nearly three times at the placement price. We are grateful for the ongoing support and trust from existing and welcome our new shareholders.”
The net proceeds from the Placement will be received by VGP Belgium NV and will be used by the Group to further finance the development of current projects under construction and new pre-let projects as well as the selective expansion of the land bank.
J.P. Morgan Securities plc and KBC Securities NV acted as Joint Global Coordinators and Joint Bookrunners of the Placement, and Belfius Bank NV/SA acted as Joint Bookrunner.
The payment and delivery of the Shares is expected to take place on or about 7 September 2020 (the ‘Closing Date’).
Each of VGP and VGP Belgium NV has agreed, subject to customary exceptions, that it will not, for a period of 180 days from the Closing Date, without the prior written consent of the Joint Global Coordinators, issue, offer or sell any Shares or any securities convertible into Shares, or file any registration statement under the U.S. Securities Act or any similar document with any other securities regulator, stock exchange or listing authority with respect to any of the foregoing.
DISCLAIMER
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.