Accelerated Book Build
Posted on: 8 April 2014
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
NEPI announces an equity raising of approximately ZAR860 million (equivalent to approximately EUR60 million) through the issue of new ordinary shares (the “equity raise”). The equity raise is subject to pricing acceptable to NEPI and the new shares will be issued under NEPI’s general authority to issue shares for cash, as approved by shareholders at the annual general meeting of the Company held on Thursday, 2 May 2013.
The proceeds of the equity raise will be used to partially fund the Company’s future development pipeline and potential acquisition opportunities within Romania and the broader Central Eastern Europe region.
The equity raise will be offered to qualifying investors through an accelerated book build process (the “book build”), and only public investors (as defined under paragraphs 4.25 – 4.26 of the JSE Listings Requirements) will be eligible to participate, subject to a minimum application of ZAR1 million per investor.
The book build opens at 09h00 (South African time) on Tuesday, 8 April 2014 and the Company reserves the right to close it at any time thereafter. Pricing and allocations will be announced as soon as practical following the closing of the book build.
Java Capital is acting as the sole bookrunner.