VGP NV: VGP NV announces the end of the stabilisation period in relation to its secondary public offering

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Press Release - 27 November 2017 (07:00 CET)
Regulated information

VGP NV announces the end of the stabilisation period in relation to its secondary public offering

27 November 2017, Diegem (Belgium) - VGP NV (the "Company" or "VGP"), the developer, manager and owner of high quality logistics real estate in Europe, announces today the end of the stabilisation period, in relation to its secondary public offering (the "Offering").

VM Invest and Little Rock SA had granted the Underwriters (as defined below), an option to purchase up to 678,685 additional shares (the "Over-Allotment Shares") at the offer price of €56.00 per share, to cover over-allotments or short positions in connection with the Offering (the "Over-allotment Option").

The Company has been notified by the Joint Global Coordinators (as defined below) that the Over-Allotment Option has been partially exercised. In total 561,990 Over-Allotment Shares have been sold by the Company resulting in total gross Over-Allotment Option proceeds of 31.5 million euro and increasing the total gross proceeds of the Offering to 284.8 million euro. As a result, the total number of shares sold in the Offering amounts to 5,086,559 shares, of which 4,250,910 shares were sold by VM Invest NV and Bart Van Malderen, and 835,649 shares were sold by Little Rock SA. Delivery of the Over-Allotment Shares is expected to occur on 28 November 2017.

The following table presents the beneficial ownership of the shares of the Company as of 27 November 2017:

Current shareholding

Upon delivery of the shares lent during stabilisation period

Number

%

Number

%

Jan Van Geet Group..............

6,262,846

33.70

6,282,017

33.81

Bart Van Malderen Group.......

4,577,637

24.63

4,675,161

25.16

Vadebo France......................

655,738

3.53

655,738

3.53

Free float...............................

6,408,144

34.48

6,970,134

37.51

Shares lent to the stabilisation manager........

678,685

3.65

-

-

Total......................

18,583,050

100.00

18,583,050

100.00

The Company, and VM Invest, Bart Van Malderen and Little Rock SA (the "Selling Shareholders"), have agreed, subject to certain limited exceptions, that they will not, for a period of 180 days from the closing of the Offering, being 27 October 2017, i.e. the date of delivery of the shares in the Offering (the "Closing Date"), without the prior written consent of the Joint Global Coordinators, (among other things) issue, offer or sell any Shares of the Company or any securities convertible into or exercisable or exchangeable for Shares or other shares of the Company, 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.