VGP successfully prices accelerated bookbuild offering for €300 million

24 November 2021, 8.00pm, Antwerp, Belgium: VGP NV (‘VGP’ or the ‘Company’), a European provider of high-quality logistics and semi-industrial real estate, announces that it successfully priced today an offering of €300 million in gross proceeds by means of a private placement of new ordinary shares via an accelerated bookbuild offering to international institutional investors (the ‘Capital Increase’). The Capital Increase consists of 1,250,000 new shares (approximately 6.1% of the Company's outstanding shares on completion of the offering) at an issue price of €240 per share, representing a discount of 9.1% compared to the last traded price of the Company’s share on 24 November 2021 of €264.00 and a premium of 3.0% compared to the last traded price of the Company’s share prior to the 10-month trading update as published before market open on 19 November 2021.

VGP 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

VGP’s Chief Executive Officer, Mr. Jan Van Geet, said “We are very pleased to announce the successful completion of this equity raising which met with strong demand from both local and international investors. This exercise has provided us with additional resources to pursue our strategy of capturing investment opportunities and will ensure we can deliver on our significant pre-committed pipeline. We are grateful for the ongoing support by existing and new investors.”

J.P. Morgan AG and KBC Securities SA/NV acted as Joint Global Coordinators and Joint Bookrunners of the Capital Increase, with BNP Paribas Fortis SA/NV and Belfius Bank SA/NV in cooperation with Kepler Cheuvreux SA acting as Joint Bookrunners (altogether referred to as the ‘Syndicate Banks’).

VGP has agreed, subject to customary exceptions, that it will not, for a period of 180 days from the Closing Date, without the prior written consent of the Joint Global Coordinators, acting on behalf of the Syndicate Banks, issue, offer or sell any Shares of the Company or any securities convertible into 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.

The payment and delivery of the new shares is expected to take place on or about Monday 29 November 2021 (the ‘Closing Date’), and an application will be made to admit the new shares to trading on the regulated market of Euronext Brussels at the same time. The new shares will be issued in accordance with Belgian law and are ordinary shares that represent the capital of the Company, in the same form as the existing ordinary shares. They shall confer the same rights as the existing ordinary shares. The new shares will be entitled to dividends from the moment of admission.

As a result of the issuance of the new shares, the Company's outstanding shares will increase from 20,583,050 to 21,833,050 ordinary shares.