Warehouses De Pauw : WDP acquires site in Bornem through capital increase of 18.8 million euros

PRESS RELEASE REGULATED INFORMATION 22 JUNE 2022, 08:00 AM

WDP acquires site in Bornem through capital increase of 18.8 million euros

Issue of 626,526 new WDP shares at 29.93 euros per share

Implications under the Transparency Law

WDP becomes the owner of a site at Bornem, including administrative buildings and accompanying land reserve from neighbouring owner Qualiphar through a contribution in kind. This site, located along the Rijksweg (N16), consists of an office building of approximately 2,900 m² leased to healthcare manufacturer Lonza and a plot of land of approximately 32,000 m² for the future development of a new warehouse of approximately 18,000 m². This site is of strategic importance for WDP's Belgian property portfolio, given its location along the N16 in the logistical heart of Belgium and within proximity of various WDP locations, which facilitates clustering. Lonza also makes use of the logistics services provided by Distrilog Group from one of these nearby WDP locations along the N16.

Acquisition through contribution in kind

This acquisition with an overall investment value of 18.8 million euros, has been realised today through a	1
contribution in kind of the site in WDP in exchange for 626,526 new WDP shares. The new shares were issued
pursuant to a capital increase, following a decision of WDP's Board of Directors using the authorised capital.
The issue price was set at 29.93 euros (rounded) and is based on the volume-weighted average price (VWAP)
of the WDP share, as made available on the Euronext Brussels website (including the dividend for 2022
accounting year, which started on 1 January 2022) for a period of two days prior to 22 June 2022, minus five
percent. Consequently, the transaction has led to an increase in shareholders' equity of 18.8 million euros, of
which an amount of (approximately) 0.7 million euros has been allocated to the Capital item and an amount of
(approximately) 18.0 million euros to the Issue Premium item.
The new WDP shares are of the same type and grant the same rights (including dividend rights) as the existing
WDP shares, and account for 0.34% (rounded) of the total number of outstanding shares. WDP expects to be
granted admission to trade the new shares on the regulated markets of Euronext Brussels and Euronext
Amsterdam as from 23 June 2022.
Public disclosure in application of Article 15 of the Act of 2 May 2007 (Transparency Law)
Upon completion of this capital increase and the issue of new shares, WDP's total capital as of 22 June 2022
amounts to 213,741,165.87 euros. As from that date, WDP's capital is represented by 186,557,793 fully paid-
up ordinary shares. There are no preferential shares. Each of these shares grants one voting right at the
General Meeting and these shares thus represent the denominator for the purpose of notices in the context of
the transparency regulations (i.e. notifications in case the statutory or legal thresholds (a.o.) are reached,
exceeded or not met). In addition to the legal thresholds, the Articles of Association of WDP, in application of
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Article 18 §1 of the Transparency Legislation, provide for additional statutory thresholds of 3% and 7.5%. No outstanding options or subscription rights that entitle holders to shares have been issued.

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More information

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WDP NV/SA	Joost Uwents	Mickael Van den Hauwe
Blakebergen 15	CEO	CFO
B-1861 Wolvertem
www.wdp.eu
[e-mail]	[e-mail]	[e-mail]
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WDP develops and invests in logistics property (warehouses and offices). WDP's property portfolio amounts to around 6 million m². This international portfolio of semi-industrial and logistics buildings is spread over more than 250 sites at prime logistics locations for storage and distribution in Belgium, France, the Netherlands, Luxembourg, Germany and Romania.

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WDP NV/SA - BE-REIT (public regulated real estate company under Belgian law)

Company number 0417.199.869 (Register of legal entities of Brussels, Dutch section)

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