Rights Offer Finalisation Announcement
Posted on: 28 October 2011
Shareholders are referred to the announcement released on the Stock Exchange News Service ("SENS") of the JSE, the Regulatory News Service ("RNS") of the London Stock Exchange and the Bucharest Stock Exchange ("the BVB") on 21 October 2011 in relation to the rights offer by NEPI ("the rights offer") under the terms of which NEPI shareholders will be offered 16.14242 new NEPI shares ("rights offer shares") for every 100 NEPI shares held by them on Friday, 11 November 2011 for shareholders on either the South African share register or the UK share register, at a subscription price per rights offer share of EUR2.80 for shareholders on the UK share register and R30.00 for shareholders on the SA share register, calculated using a EUR/ZAR exchange rate of EUR1.00:R10.70.
Shareholders registered in Romania on Monday, 7 November 2011 will have the right to trade, within the timeframe provided below, their pre-emptive rights on BVB, being 16.14242 rights for every 100 shares owned at that date, and the holders of pre-emptive rights registered in Romania on Wednesday, 23 November 2011 will have the right to subscribe for new NEPI shares at a subscription price per rights offer share of EUR 2.80.
Shareholders are advised that the rights offer circular has been approved by the JSE, and notified to the BVB and the Romanian National Securities Commission and accordingly the rights offer may now be implemented. The salient dates and times of the rights offer will be the same as those published in the announcement released on Friday, 21 October 2011 and published in the press in South Africa on Monday, 24 October 2011, except for the salient dates and times for shareholders on the Romanian register which shall be amended as follows:
IMPORTANT DATES AND TIMES FOR SHAREHOLDERS/PRE-EMPTIVE RIGHTS HOLDERS REGISTERED IN ROMANIA
|Publication of Presentation Document on the BVB website and in a national Romanian newspaper||Friday, 28 October|
|Last date to be registered as NEPI shareholder in order to be entitled to receive pre-emptive rights ("Romania initial record date")||Monday, 7 November|
|Commence trading pre-emptive rights on BVB||Tuesday, 15 November|
|Pre-emptive rights available for transfer into individual accounts of NEPI shareholders registered in Romania||Tuesday, 15 November|
|Last day to trade rights on the BVB||Friday, 18 November|
|Record date for determination of pre-emptive rights holder (being either shareholders who have received pre-emptive rights and not disposed of them or others who may have acquired pre-emptive rights) who will be entitled to exercise those rights by subscribing for rights offer shares ("Romania record date")||Wednesday, 23 November|
|Subscription period on the BVB opens at 12:00 p.m.||Wednesday, 23 November|
|Subscription period on the BVB closes at 12:00 p.m.||Monday, 28 November|
|Credit shares to the global accounts of the brokers/custodians where the pre-emptive rights holders have their individual accounts for pre-emptive rights holders who have exercised their rights||Monday, 5 December|
|Allocation of excess shares in respect of successful excess shares applications on||Monday, 5 December|
|Announce results of rights offer (BVB)||Monday, 5 December|
|Refunds (if any) to shareholders in respect of unsuccessful excess shares applications made on or about||Wednesday, 7 December|
|New NEPI shares credited to the global accounts of the brokers/custodians where the pre-emptive rights holders have their individual accounts for pre-emptive rights holders who have subscribed excess shares, in respect of successful excess shares applications of shareholders on or about||Wednesday, 7 December|
- References to times in this timetable are to Romanian time unless otherwise stated.
- Transfers between the SA share register, the UK share register and the Romanian Central Depository may not take place between Tuesday, 1 November 2011 and Friday, 11 November 2011, both days inclusive.