» Rights Offer Finalisation Announcement

Rights Offer Finalisation Announcement

Posted on: 21 June 2013


Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE (“SENS”), the Regulatory News Service of the London Stock Exchange and the Bucharest Stock Exchange (“the BVB”) on Thursday, 13 June 2013 in relation to the rights offer by NEPI (“the rights offer”) under the terms of which NEPI shareholders will be offered a total of 20 833 328 new NEPI shares (“new NEPI shares” or “rights offer shares”) in the ratio of 13.07987 new NEPI shares for every 100 NEPI shares held by them on Friday, 5 July 2013 for shareholders on either the South African share register or the UK share register, at a subscription price per rights offer share of R64.80 for shareholders on the South African share register and €4.80 for shareholders on the UK share register and for shareholders on the Romanian share register, calculated using a EUR:ZAR exchange rate of €1.00:R13.50.

Shareholders registered in Romania on Friday, 28 June 2013 will have the right to trade their pre-emptive rights on the BVB, being 13.07987 rights for every 100 shares owned at that date, and the holders of pre-emptive rights registered in Romania on Wednesday, 17 July 2013 will have the right to subscribe for new NEPI shares at a subscription price per rights offer share of €4.80.

Shareholders are advised that the rights offer circular incorporating revised listing particulars has been approved by the JSE. The rights offer circular incorporating revised listing particulars forms a public offer Prospectus in terms of the legislation applicable in Romania which Prospectus has been approved by the Romanian Financial Supervision Authority with decision number A/111/13 JUN 2013. All regulatory approvals have been obtained 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 SENS on Thursday, 13 June 2013 and published in the press in South Africa on Tuesday, 18 June 2013 save that shareholders who hold shares on the SA share register are advised that the dematerialised shareholders’ accounts will be updated and debited by their CSDP or broker with new NEPI shares on Tuesday, 30 July 2013 and not Wednesday, 31 July 2013 as previously indicated. Shareholders on the SA share register may commence trading in the rights offer shares on Tuesday, 23 July 2013.