VGP to launch capital increase of approximately € 300 million via an accelerated bookbuild offering

Regulated Information – Inside information

24 November 2021, 2:15pm, Antwerp, Belgium: VGP NV (‘VGP’ or ‘the Group’), a European provider of high-quality logistics and semi-industrial real estate, announces the following:

• VGP is launching a capital increase in cash by means of a private placement of new shares via an accelerated bookbuild offering to international institutional investors (the ‘Capital Increase’)
• VGP is seeking to raise gross proceeds in the Capital Increase of approximately € 300 million
• The accelerated bookbuild procedure will start immediately after publication of this press release
• VGP has requested that trading of VGP shares on the Euronext Brussels’ regulated market be suspended until the results of the Capital Increase are published in a press release, which is expected on or around Wednesday 24 November 2021
• The company will use the net proceeds from the Capital Increase primarily to increase its financial purchasing power and strengthen its shareholders’ equity in order to finance the investment pipeline and to be able to capitalize on additional investment opportunities
• The expected gross proceeds from the Capital Increase have an estimated pro-forma impact of (11.9%) on the gearing ratio reducing it to 18.5% based on a pro forma semi-annual balance sheet (from 30.4% as at 30 June 2021)

VGP’s Chief Executive Officer, Mr. Jan Van Geet, said “Through the capital raising today, we are seeking to strengthen our capital base and provide ourselves additional resources to pursue our strategy of capturing investment opportunities whilst at the same time delivering on a significant pre-committed pipeline. With a strong capital base, we are well positioned to capitalize on opportunities for new business at attractive margins across the countries in which we operate.”