SIR

WEB SA is a Public Regulated Property Company incorporated under Belgian law (“Société Immobilière Réglementée Publique – SIRP”), and is subject to the legal requirements in this area, in particular the Law of 22 October 2017 amending the Law of 12 May 2014, and the Royal Decree of 23 April 2018 amending the Royal Decree of 13 July 2014 relating thereto.

A Public Regulated Property Company (SIRP for short) is a company:

incorporated for an indefinite period;
who carries on one or more of the activities referred to, as the case may be, in Articles 4 or 76/5 of the SIR Law;
which is approved as such by the FSMA;
whose shares are admitted for trading on a regulated market, and;
which raises its financial resources, in Belgium or abroad, by means of a public offer of shares.

As a real estate company, its main purpose is:

the construction, acquisition, management, development or sale, as well as the leasing of real estate on it’s own behalf;
the exercise of one or more of the activities referred to in Article 4, § 1 and/or Article 4, § 1 of the RREC Act;
or holding shares in companies with a similar purpose.