Eubelius assisted Xior Student Housing, Retail Estates and Care Property Invest in respect of the issuing of new shares in the framework of an (interim) dividend in the form of an optional dividend.

Approximately 63% of the existing shareholders of Xior Student Housing subscribed for the optional dividend during the option period, which ran from 21 May 2019 up to and including 29 May 2019, and which resulted in a capital increase of EUR 6,080,791.50 (including share premium) on 4 June 2019.

67.87% of the existing shareholders of Retail Estates subscribed for the interim optional dividend during the option period, which ran from 5 June 2019 up to and including 20 June 2019, and which resulted in a capital increase of EUR 23,063,535.78 (including share premium) on 24 June 2019.

56.56% of the existing shareholders of Care Property Invest subscribed for the optional dividend during the option period, which ran from 5 June 2019 up to and including 21 June 2019, and which resulted in a capital increase of EUR 6,688,783.62 (including share premium) on 26 June 2019.

These capital increases strengthen the companies’ equity and therefore reduce their (legally limited) debt ratio. This offers the respective companies the opportunity to carry out additional debt financed transactions in the future in order to further realise their respective growth intentions. Furthermore, these capital increases lead to a retention of funds within the respective companies, which will be used to finance further growth.

The team members involved in this operation are Lars Van Bever, Filip Jenné, Tim Van Moorhem, Anthony Van Besien, Eva Milants and Jozefien Laga.