VGP discloses 46.1 million voting rights denominator as of July 31

The Belgian logistics property group reported €151.3 million in share capital and 30.35 million voting-right securities, including 15.71 million with double voting rights.

Summary

VGP said that, as of 31 July 2026, its total share capital stood at €151,332,016.58, with 30,347,546 securities carrying voting rights and 46,055,991 total voting rights used as the denominator for major shareholding notifications. The company said 15,708,445 securities carried double voting rights. The disclosure was made under Article 15 of the Law of May 2, 2007 on the disclosure of major shareholdings in issuers whose shares are admitted for trading on a regulated market. VGP said the denominator serves as the basis for shareholders' notifications of major holdings. Under Article 7:53 of the Code on companies and associations and Article 29 of the Articles of Association, fully paid-up registered shares held in the name of the same shareholder for at least two consecutive years receive double voting rights, while dematerialised shares do not. VGP said it calculates the two-year holding period using the LIFO, or last in, first out, method, meaning the most recently acquired registered shares are treated as transferred first if a shareholder sells shares. Any share converted into dematerialised form or transferred loses its double voting rights when it is dematerialised or when the transfer is entered in VGP's share register. VGP describes itself as a pan-European owner, manager and developer of logistics and semi-industrial properties and a provider of renewable energy solutions. The company said that as of December 2025 its Gross Asset Value, including joint ventures at 100%, was €8.7 billion and its Net Asset Value (EPRA NTA) was €2.6 billion. VGP is listed on Euronext Brussels.

Terms & Concepts
  • double voting rights: An arrangement under which certain shares carry two votes instead of one, typically after meeting specified holding conditions.
  • dematerialised shares: Shares held in electronic form rather than as registered shares in a shareholder register.
  • LIFO: Short for last in, first out, a method that treats the most recently acquired shares as the first to be deducted when shares are transferred.