Home Invest Belgium announces the launch of its share buyback program

25/11/2024 - 5:40 PM

Home Invest Belgium announces the launch of its share

buyback program

Brussels, 25 November 2024 - Home Invest Belgium NV announces that it will start a share buy-back program that falls within the authorization granted by the extraordinary general meeting of May 2, 2023, to the board of directors and is being launched in order to implement Home Invest Belgium's share acquisition plans. The maximum number of shares that Home Invest Belgium will repurchase under this program is limited to 225,000. The maximum amount that will be allocated to the buy-back program is €5,625,000.

The buy-back of own shares will take place under the safe harbour regime provided for in Regulation (EU) No. 596/2014 of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the terms of buy- back programs and stabilization measures.

The purpose of the buy-back program is to satisfy obligations arising from stock option programs or other allocations of shares to employees or executives or members of supervisory bodies of Home Invest Belgium NV, and in particular the long-term incentive plan for the senior management in accordance with the remuneration policy.

The maximum number of shares that Home Invest Belgium will repurchase under this program is limited to 225,000.The share repurchase program runs from 26 November 2024 until 31 December 2025 or until the target number of shares has been repurchased. The maximum amount that will be allocated to the buy-back program is €5,625,000.

The treasury shares will be repurchased on Euronext Brussels (XBRU). The execution of the repurchase program will be done by an independent intermediary, namely BANK DEGROOF PETERCAM SA/NV, which will have a discretionary mandate to execute the repurchase. This allows the purchases to take place in both open and closed periods.

Home Invest Belgium will inform the market about the progress of the buy-back program in accordance with the applicable regulations.

25/11/2024 - 5:40 PM

Communication of 25 November 2024 to the FSMA

In accordance with Article 37 of the Law of 12 May 2014 on regulated real estate

companies

In accordance with Article 37, §2, 4th paragraph of the Law of 12 May 2014 on regulated real estate companies (the RREC Act) in conjunction with Article 8 of the Royal Decree of 13 July 2014 on regulated real estate companies, Home Invest Belgium SA discloses the following information in the context of the planned operation.

The reason for the share buy-back is the Company's compliance with its commitments under the long-term incentive plans for, among others, the effective leaders. In accordance with Article 37, §1 of the RREC Act, we hereby inform you that the effective leaders Preben Bruggeman and Ingrid Quinet are beneficiaries of these long-term incentive plans and may therefore derive a financial advantage from the purchase of own shares.

The long-term incentive aims to further strengthen the active involvement of management by further aligning their interests with the long-term shareholder interests, as well as to perpetuate management's continuity. The management is called upon to help ensure the further expansion and integration through the investments of the Company. Furthermore, based on previous experience and current market practices and trends, the board of directors is convinced that the commitment and involvement of management increases if it can participate in the capital of the Company.

In accordance with Article 37, §2 of the RREC Act, the board of directors therefore determines that the repurchase of own shares is in the interest of the Company.

In accordance with Article 37, §2, fourth paragraph of the RREC Act in conjunction with Article 8 of the Royal Decree of 13 July 2014 relating to regulated real estate companies, these data are made public in the press release on the transaction at the time of the announcement of the purchase of treasury shares to be decided by the board of directors. The information referred to in Article 37, §2 of the RREC Act will also be explained in the annual financial report for the 2021 financial year and in the report of the statutory auditor.

25/11/2024 - 5:40 PM

FOR ADDITIONAL INFORMATION

ABOUT HOME INVEST BELGIUM

Home Invest Belgium is the largest professional lessor of residential real estate in Belgium. The company builds, rents and maintains most of its buildings under its own management. As constructor and long-term owner, Home Invest Belgium guarantees a qualitative residential experience to its tenants.

With more than 25 years of experience, 45 buildings in its portfolio - half of which are less than 10 years old - and more than 2,500 residential units, Home Invest Belgium has a wide range and in-depth expertise. The company uses them to live up to its declared ambition to become the 'landlord of choice' for all its tenants, regardless of their stage of life or lifestyle. This translates into high-quality and sustainable rental housing, communal areas and services for tenants and rent rates in line with the market prices.

Home Invest Belgium is a Belgian public regulated real estate company (GVV/SIR) specialised in the acquisition, sale, development, letting and management of residential real estate. On 30 September 2024 Home Invest Belgium held a real estate portfolio worth € 848 million in Belgium and the Netherlands.

Home Invest Belgium has been listed on Euronext Brussels [HOMI] since 1999. On 30 September 2024, the market capitalisation amounted to € 376 million. The share is included in the BEL Small Index and the FTSE EPRA NAREIT Global Real Estate Index.