Warehouses De Pauw : Shareholders opt for around 54% of shares for optional dividend

PRESS RELEASE

REGULATED INFOMATION

17 MAY 2023, 08H30 CET

Shareholders opt for around 54% of shares for optional dividend

Capital increase of around 77 million euros that will be deployed for supporting WDP

in realizing its growth plan 2022-25

The WDP shareholders chose for around 54% of their shares for a contribution of their dividend

rights in consideration for new shares instead of payment of the dividend in cash.

This result leads to a capital increase of around 77 million euros for WDP by way of the creation

of 3,137,703 new shares, as a result of which the total number of WDP shares will equal to

207,118,066. Today, together with the expected 2023 retained earnings, this capital increase

leads to a total reinforcement of equity of around 151 million euros for 2023.

This capital increase leads to retention of resources within the company, which will be used for further growth

in the framework of the company's growth plan 2022-25.

This outcome results in a decrease of the gearing ratio of 1.1%, compared to a 100% dividend payment in

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cash. Today, taking into account the expected 2023 retained earnings (around 74 million euros) - based on a

low pay-out ratio -, this capital increase following the optional dividend (around 77 million euros), leads to an

anticipated total reinforcement of equity of around 151 million euros for 2023.

Today, Wednesday 17 May 2023 - before market -, the actual settlement of the dividend will take place by

which, depending on the shareholder's choice, (1) new shares in consideration for the contribution of dividend

rights will be delivered, (2) the dividend payment in cash will take place, or (3) a combination of the two

foregoing payment conditions will take place.

The newly created shares are listed immediately and are tradable as from that moment.

Publication in accordance with article 15 of the law of 2 May 2007 (Transparency law)

Following the capital increase and the issue of 3,137,703 new shares at a total amount of 76,873,723.50 euros

(i.e. 3,594,898.33 euros booked as capital and 73,278,825.17 euros booked as share premium), the total

capital of WDP on 17 May 2023 amounts to 237,297,280.33 euros. As from today, the capital is represented

by 207,118,066 fully paid-up ordinary shares. There are no preferred shares. Each of these shares carries one

voting right at the General Meeting of shareholders and these shares thus represent the denominator for the

purposes of notifications under the transparency regulations (i.e. notifications in case of (a.o.) reaching,

crossing or falling below the statutory or legal thresholds). In addition to the legal thresholds, the WDP Articles

of Association specify an additional statutory threshold of 3% and 7.5% in accordance with article 18, §1 of the

Transparency law. No outstanding options or subscription rights have been issued that entitle their holder to

shares.

Press release - 17 May 2023

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More information

WDP NV/SA

Joost Uwents

Mickael Van den Hauwe

2

Blakebergen 15

CEO

CFO

B-1861 Wolvertem

www.wdp.eu

investorrelations@wdp.eu

joost.uwents@wdp.eu

mickael.vandenhauwe@wdp.eu

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Press release - 17 May 2023

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