WDP realises acquisition of additional site in Asse via capital increase of 12 million euros

WDP has acquired an additional site in Asse, measuring some 52,000 m², consisting of both vacant lots and developed area. Over time, WDP wants to partially redevelop this site – in combination with the previously acquired properties, including the recently announced neighbouring site – to further expand its logistics park in Asse-Zellik. This acquisition, for an overall investment value of 12.4 million euros, was realised today by means of a contribution in kind of the site in WDP, in exchange for 119,226 new WDP shares. Today, 17 October 2018, the Board of Directors of the manager, De Pauw NV, using the authorised capital, approved this transaction, resulting in a capital increase of (around) 12 million euros and the issue of 119,226 new WDP shares. These shares are expected to be listed on Euronext Brussels and Amsterdam starting on 18 October 2018. This issue price amounts to (rounded) 104.36 euros per share.

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