06.12.2007
Despite difficult market climate, €55 million in VGP shares allocated
Successful IPO on Euronext Brussels and Prague Stock Exchange

Brussels, Belgium - 6 December 2007 – VGP, the real estate group specialised in the development and management of semi-industrial real estate in the mid-European region, today announced that it has successfully completed its initial public offering (IPO). As from 7 December 2007 the shares will be listed on Eurolist by Euronext Brussels and on the Main Market of the Prague Stock Exchange

The IPO was priced at €15.25 per share. Pursuant to the offering, 3,278,688 new shares, equivalent to €50 million will be issued. In addition, 304,362 over-allotment shares, equivalent to €4.6 million will be allocated. If the over-allotment option is exercised in full, the total amount of the capital increase will amount to €54.6 million.

KBC Securities acted as Global Co-ordinator and Bookrunner and ING Belgium acted as Co-Lead Manager to the offering.

Commenting on today’s announcement, Mr Jan Van Geet, VGP’s Chief Executive Officer, said: “We are delighted to have successfully completed our IPO after having sailed turbulent markets over the past few weeks. Despite these difficult markets that have caused other ongoing IPO-processes to be pulled or revised in terms of structure/pricing, we have received a warm welcome from retail investors both in Belgium and the Czech Republic and have been able to secure interest from solid institutional investors, demonstrating the strength of our business model and the strong prospects that lie ahead of us.”

  IPO results announcement