» Accelerated Book Build

Accelerated Book Build

Posted on: 15 April 2013


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

Subject to pricing acceptable to NEPI, NEPI proposes an equity raise of about R500 million through the issue of new shares under its general authority to issue shares for cash, as approved by shareholders at the annual general meeting held on 26 April 2012.

The equity raise will be offered to selected investors through an accelerated book build process and is subject to a minimum application of R1 million per investor.

The book build opens at 09h00 (South African time) on Monday, 15 April 2013 and may close at any time thereafter. Given that the shares will be issued under NEPI’s general authority, the accelerated book build is only open to public shareholders as defined in the JSE Listings Requirements.

Java Capital is acting as sole bookrunner.