Successful private placement of 339.678 new Xior shares for a total amount of EUR 11.3 million

Bank Degroof Petercam has successfully completed a private placement of new Xior shares– a Belgian REIT (Real Estate Investment Trust) specialized in student housing in Belgium and Netherlands - as Joint bookrunner.

On 11 October 2016, Xior successfully completed the acquisition of a student accommodation building in the centre of Breda consisting of 122 units. This acquisition was completed following a contribution in kind and issuance of 339.678 new Xior’ shares of for a total amount of approximately EUR 10.6 million. The issue price was EUR 31.30 per share, after detaching the pro rata temporis part of the envisaged dividend for the 2016 financial year up to the issue date.

The 339.678 shares were, after the suspension of the share on the stock exchange, placed with a broad audience of Belgian and international investors at the price of 32,77 EUR per share. This entails a discount of 0% with regards to the closing price of October 10th 2016, corrected for the detachment of coupon 1. After the listing resumed the stock Xior rose 2,5% higher at the end of the trading day.

This transaction follows the successful IPO for a total amount of EUR 88 million in December 2015.

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About Degroof Petercam

Founded in 1871, Degroof Petercam is a Belgian-rooted reference investment house built on more than 150 years of integrated financial knowledge. Being privately owned by family shareholders driven by long-term commitment, we are independent by structure and by nature. We create responsible prosperity for all by opening doors to opportunities and accompanying our private, corporate and institutional clients with expertise. 

Clients in over 20 countries trust us for our convictions and for our distinctive combination of services in private banking, asset management, investment banking (corporate finance and global markets) and asset services. 

Total client assets (under management, under administration and in custody) amount to 86 billion euros (on 31.12.2021). More than 1,500 experts are committed to our clients through offices in Belgium, Luxembourg, France, Switzerland, Spain, the Netherlands, Germany, Italy and Hong Kong.

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