VGP NV: to Launch Private Placement of 929,153 Existing Shares Via an Accelerated Bookbuild Offering
02 Setembro 2020 - 9:30AM
VGP NV: to Launch Private Placement of 929,153 Existing Shares Via
an Accelerated Bookbuild Offering
NOT FOR DISTRIBUTION IN OR INTO THE
UNITED STATES OF AMERICA, JAPAN, CANADA, AUSTRALIA, SOUTH AFRICA OR
SWITZERLAND
Press ReleaseRegulated
Information – Inside information
2 September 2020, 2:30
pm, Antwerp (Berchem), Belgium: VGP NV (‘VGP’ or ‘the
Group’), a leading European provider of high-quality logistics and
semi-industrial real estate, announces the following:
- VGP Belgium NV, a 100% subsidiary of VGP NV and formerly named
VGP MISV Comm. VA, is launching an offering of existing shares of
VGP (the “Shares”) in cash by means of a private placement via an
accelerated bookbuild offering with institutional investors (the
‘Placement’).
- The Placement covers up to 929,153 Shares held by VGP Belgium
NV, corresponding to a maximum of 4.51% of the share capital of
VGP.
- The accelerated bookbuild procedure will start immediately
after publication of this press release.
- VGP has requested that trading of the Shares on the Euronext
Brussels and Prague Stock Exchange regulated markets be suspended
until the results of the Placement are published in a press
release, which is expected on or around 3 September 2020.
- The net proceeds from this 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.
VGP’s Chief Executive Officer,
Mr. Jan Van Geet, said:
“Following the transition last year to our new long-term management
incentive plan, the shares held as part of the former scheme within
the MISV vehicle1 lost their original purpose. For that reason, we
are selling these treasury shares in the market as we believe the
capital is better put to work by supporting our investment pipeline
and enabling us to continue to capture additional growth
opportunities.”
Jan Van Geet added: “Furthermore, maintaining a
fortress capital position remains critical due to the anticipated
opportunities arising out of the notable accelerating adoption of
e-commerce across society and an increasing emphasis by our tenants
on the resiliency of their logistics supply chains which is
progressively driving demand for our prime warehouses across
Europe.”
Structure
- The Placement shall take place by means of a private placement
via an accelerated bookbuild offering to eligible investors
including to (i) qualified investors in the European Economic Area
and in the United Kingdom, as defined in Article 2(e) of the
Prospectus Regulation and in accordance with the prospectus
exemption provided in Article 1.4(a) of the Prospectus Regulation,
and (ii) in the United States to qualified institutional buyers as
defined in, and in accordance with, Rule 144A under the U.S.
Securities Act of 1933, as amended (the “US Securities Act”).
- The final placement price and the final number of Shares shall
be determined by the sole director of VGP Belgium NV in
consultation with the Joint Global Coordinators.
- J.P. Morgan Securities plc and KBC Securities NV are acting as
Joint Global Coordinators and Joint Bookrunners of the Placement,
with Belfius Bank NV/SA acting as Joint Bookrunner.
- As part of the Placement, VGP and VGP Belgium NV will be
subject to a 180-day lock-up which will be subject to customary
exceptions and may only be waived with the consent of the Joint
Global Coordinators.
Expected Timetable
Launch of accelerated bookbuild and suspension of VGP shares during
trading |
2 September 2020 |
Accelerated bookbuild (intra-day) |
2 September 2020 |
Press release on the results of the accelerated bookbuild –
resumption of trading of the Shares (subject to
acceleration/extension) |
3 September 2020 |
Definitive allocation of the Shares |
3 September 2020 |
Payment for the Shares subscribed for |
7 September 2020 |
Determination of the realization of the Placement and delivery of
the Shares to subscribers |
7 September 2020 |
CONTACT DETAILS FOR INVESTORS AND MEDIA
ENQUIRIES
Martijn Vlutters (VP – Business Development & Investor
Relations) |
Tel: +32 (0)3 289 1433 |
Petra Vanclova (External Communications) |
Tel: +42 0 602 262 107 |
Anette NachbarBrunswick Group |
Tel: +49 152 288 10363 |
ABOUT VGP
VGP is a leading pan-European developer, manager
and owner of high-quality logistics and semi-industrial real
estate. VGP operates a fully integrated business model with
capabilities and longstanding expertise across the value chain. VGP
has a development land bank (owned or committed) of 6.89 million m²
and the strategic focus is on the development of business parks.
Founded in 1998 as a family-owned real estate developer in the
Czech Republic, VGP with a staff of circa 230 employees today owns
and operates assets in 12 European countries directly and through
three joint ventures with Allianz Real Estate (VGP European
Logistics, VGP European Logistics 2 and VGP Park München). As of
June 2020, the Gross Asset Value of VGP, including the joint
ventures at 100%, amounted to €3.23 billion and it had a Net Asset
Value (EPRA NAV) of €1,079 million. VGP is listed on Euronext
Brussels and on the Prague Stock Exchange (ISIN: BE0003878957).
For more information, please
visit: http://www.vgpparks.eu
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.
This announcement is not for distribution,
directly or indirectly in the United States of America, Canada,
Australia, South Africa, Japan or Switzerland, or any other
jurisdiction where distribution would not be permitted by law. The
information contained herein does not constitute an offer of
securities for sale in the United States of America, Australia,
Canada, Japan, South Africa or Switzerland.
This announcement does not constitute an offer
of securities in the United States of America, or a solicitation to
purchase securities in the United States of America. The securities
referred to herein have not been and will not be registered under
the US Securities Act, or under the securities law of any state or
jurisdiction in the United States of America and may not be
offered, sold, resold, transferred or delivered, directly or
indirectly within the United States of America except pursuant to
an applicable exemption from the registration requirements of the
US Securities Act and in compliance with any applicable securities
laws of any state or jurisdiction of the United States of America.
VGP has not registered, and does not intend to register, any
portion of the offering in the United States of America. There will
be no public offer of securities in the United States of
America.
In the European Economic Area and in the United
Kingdom an offer of securities to which this communication relates
is only addressed to and is only directed at qualified investors in
that Member State and the United Kingdom within the meaning of
Regulation ((EU) 2017/1129 of the European Parliament and of the
Council of 14 June 2017 on the prospectus to be published when
securities are offered to the public or admitted to trading on a
regulated market, and repealing Directive 2003/71/EC, and any
implementing measure in each relevant Member State of the EEA and
in the United Kingdom.
1 VGP MISV Comm. VA, which has since been renamed to VGP Belgium
NV, a 100% subsidiary of VGP NV
- VGP_Press Release_Launch ABB 200902 (EN)
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