Xior Student Housing: welcomes Colette Dierick and Conny Vandendriessche as new directors







PRESS RELEASE

Antwerp, Belgium – June 30, 2022 – 8:30 a.m. (CET)

Xior welcomes Colette Dierick and Conny Vandendriessche

as new administrators

Colette Dierick and Conny Vandendriessche strengthen Xior’s Board of Directors

  • The appointments of Colette Dierick and Conny Vandendriessche were approved at the General Meeting on May 19, 2022 and have now also been approved by the FSMA, allowing them to begin.
  • Xior welcomes two new senior directors and is convinced that they are the perfect complement to the current board team.
  • Conny Vandendriessche represents a strong dose of entrepreneurial spirit and will support Xior’s European growth story with his own practical knowledge and experience as a successful European entrepreneur. His vast experience, especially in the field of human capital and diversity support (as an investor via We Are Jane), is an additional asset for Xior’s ESG efforts in this area.
  • After the departure of Leen van den Neste, Colette Dierick – again a very experienced financial profile with knowledge of real estate investment and financing – joins the board of directors.
  • In addition, the diversity of the Board of Directors is also increasing since 3 out of 8 members (37.5%) are now women.
  • Conny Vandendriesche, along with Marieke Bax and Christian Teunissen, will also become members of the Ethics & ESG Committee, a newly created Board committee that will focus specifically on these challenges. This new committee reinforces the previously announced acceleration of ESG efforts.

Career Colette Dierick (Independent Non-Executive Director):

Colette Dierick holds a civil engineering degree from UGent and started after her studies as a management trainee at ING, where she was active as CEO and Managing Director of ING Luxembourg until end of June. Previously, she was responsible for, among other things, Retail & Private Banking activities in Belgium, digital channels and marketing for ING Belgium and Record Bank. She is also a director at Nextensa, a listed real estate investor and developer.

Career Conny Vandendriessche (independent non-executive director):

Conny Vandendriessche studied at Vlerick Business School, Guberna and Stanford. She is the founder, and long-time CEO, of Accent Jobs, which has since become The House of HR, where she is still active as a director and member of the ESG committee today. Ms. Vandendriessche has also founded several other companies, such as Stella P. (a company specializing in the composition of boards of directors and advisory bodies) and We Are Jane (an investment fund specifically aimed at women-led companies). ). Among other things, she is a director of Ardo NV and JBC NV. In 2019 she won the Vlerick Enterprising Leader Award

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PRESS RELEASE

Antwerp, Belgium – June 30, 2022 – 8:30 a.m. (CET)

Colette Dierick and Conny Vandendriessche serve on the board of directors for a term of 4 years and are also members of the audit committee and the nomination and remuneration committee of Xior. Conny is also a member of the ethics and ESG committee of Xior.

New composition Board of Directors

Wilfried Neven

President Board of Directors

Colette Dierick

Independent Director

Conny Vandendriessche

Independent Director

Joost Uwents

Independent Director

Marieke Bax

Independent Director

Wouter De Maeseneire

Independent Director

Christian Teunissen

Executive Director (CEO)

Frederik Snauwaert

Executive Director (CFO)

For more information please contact:

Xior Student Housing AG

Christian Teunissen, CEO

Xior Investor Relations

Frankrijklei 64-68

Frederik Snauwaert, CFO

Sandra Aznar

2000 Antwerp, Belgium

[email protected]

Head of Investor Relations

www.xior.be

T +32 3 257 04 89

[email protected]

T +32 3 257 04 89

About Xior Student Accommodation

Xior Student Housing NV is the first Belgian public regulated real estate company (RREC) specializing in the student housing segment in Belgium, the Netherlands, Spain and Portugal. Within this real estate segment, Xior Student Housing offers a variety of accommodation, ranging from rooms with shared facilities to en-suite rooms and fully equipped studios. Since 2007, as owner-operator, Xior Student Housing has been building reliable, high-quality student accommodation for students looking for the perfect place to study, live and relax. A place with a little something extra, where every student immediately feels at home.

Xior Student Housing has been approved as a public RREC under Belgian law since November 24, 2015. Xior Student Housing shares have been listed on Euronext Brussels (XIOR) since December 11, 2015. As of March 31, 2022, Xior Student Housing held a portfolio real estate worth around 2.01 billion euros. More information is available at www.xior.be.

Xior Student Housing AGa public SIR under Belgian law (BE-REIT)

Frankrijklei 64-68, 2000 Antwerp, Belgium

BE 0547.972.794 (Register of legal persons of Antwerp, division of Antwerp)

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PRESS RELEASE

Antwerp, Belgium – June 30, 2022 – 8:30 a.m. (CET)

Disclaimer

This press release contains forward-looking information, projections, beliefs, opinions and estimates produced by Xior regarding the expected future performance of Xior and the market in which it operates (“forward-looking statements”). By their nature, forward-looking statements involve inherent risks, uncertainties and assumptions, both general and specific, which appear warranted at the time they are made but which may or may not prove to be accurate, and there is a risk that forward-looking statements will not be carried out. Certain events are difficult to predict and may depend on factors beyond Xior’s control. Further, forward-looking statements speak only as of the date of this press release. Statements in this press release regarding past trends or activities should not be construed as an indication that such trends or activities will persist in the future. Neither Xior nor its representatives, officers or advisors can guarantee that the parameters on which any forward-looking statements are based are free from errors, nor can they indicate, guarantee or predict whether the expected results set forth in such forward-looking statement will ultimately be achieved. The actual earnings, financial condition and performance or results of Xior may therefore differ materially from the information projected or implied in the forward-looking statements. Xior expressly disclaims any obligation or warranty with respect to public updates or reviews of forward-looking statements, except as required by law. This press release was prepared in Dutch and has been translated into English and French. In case of discrepancies between the different versions of this press release, the Dutch version will prevail.

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Disclaimer

Xior Student Housing AG published this content on June 30, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jun 30, 2022 06:41:10 UTC.

Public now 2022

All news from XIOR STUDENT ACCOMMODATION

2022 sales 99.0 million
104M
104M
Net income 2022 112 million
117M
117M
Net debt 2022 1,486 million
1,556 million
1,556 million
PER 2022 ratio 11.7x
2022 return 3.88%
Capitalization 1,174 million
1,229 million
1,229 million
EV / Sales 2022 26.9x
capi. / Sales 2023 10.2x
# of employees 172
Floating 87.1%

Chart XIOR STUDENT HOUSING


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Xior Student Housing Technical Analysis Chart |  MarketScreener

XIOR STUDENT HOUSING Technical Analysis Trends

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Tendencies Bearish Bearish Bearish



Evolution of the income statement

Sale

To buy

Medium consensus TO BUY
Number of analysts 5
Last closing price €42.25
Average target price €57.20
Average Spread / Target 35.4%


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