VGP NV: Successfully Raises the Intended Maximum Amount of € 150 Million with Bond Issue in One Day
Press Release
Regulated information
Antwerp, 22 November 2019, 18h00 CET
VGP NV announces that the public offer in Belgium for a retail bond has been closed, in consultation with KBC Bank NV and Belfius Bank SA/NV, the joint lead managers, after the first day of the subscription period because the maximum amount of € 150 million was amply achieved. The net proceeds of the issuance of the bonds will amount to approximately € 148.8 million.
The joint lead managers received a total amount of subscriptions that is more than 3.5 times higher than the maximum issue amount of € 150 million. Because of this oversubscription, subscriptions will be reduced accordingly. The investors will receive more information in this regard via their financial intermediary.
The bonds (with ISIN code BE0002677582) will be issued on 2 December 2019 and will be admitted to trading on the regulated market of Euronext Brussels.
More information on this public offer is set forth in the prospectus published by VGP NV on 20 November 2019 and as approved by the Financial Services and Markets Authority (“FSMA”) on 19 November 2019 and available on the VGP NV website (), on the website of KBC Bank NV or CBC Banque SA ( or ), and on the website of Belfius Bank SA/NV ()
CONTACT DETAILS FOR INVESTORS AND MEDIA ENQUIRIES
| Martijn Vlutters VP – Business Development & Investor Relations | Tel: E-mail: |
| Karen Huybrechts (Head Marketing) | Tel: +32 (0)3 289 14 32 E-mail: |
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. The company has a well-advanced development land bank of 7.0 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 over 200 employees today owns and operates assets in 12 European countries directly and through its joint ventures with Allianz Real Estate. As of June 2019, the Gross Asset Value of VGP, including the joint venture at 100%, amounted to €2.2 billion and the company had a Net Asset Value (EPRA NAV) of €604 million. VGP is listed on Euronext Brussels and on the Prague Stock Exchange (ISIN: BE0003878957).
What to do in case of a complaint? In the event of possible complaints, you can contact:
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