HOME     SUBSCRIBERS     TRADE     PRODUCTS & SERVICES    
About Sharenet
Enter any share name or code:    

01-Nov-2018
(Official Notice)
Fitch Ratings ("Fitch") has affirmed NEPIRock's Long-Term Corporate Credit Rating and senior unsecured rating at 'BBB' with a Stable Outlook.



The ratings reflect the group's expanding retail portfolio of dominant shopping centres in large and medium-sized urban conglomerations across Central and Eastern Europe (CEE).



Fitch underlines that, despite rapid growth, the Company has maintained a conservative financial profile with good liquidity and a high degree of financial flexibility. In addition, Fitch emphasizes that the group's expansion is steadily reducing asset concentration and continues to increase geographic diversification into higher-rated countries, which positively impacts on its credit rating assessment.



The Stable Outlook reflects the rating agency's expectations that NEPIRock will continue its expansion and effectively integrate the properties acquired into the existing portfolio, while maintaining its strong operational and financial profile.



The report issued by Fitch is available on the Company's website, http://nepirockcastle.com/wp- content/uploads/2018/11/Fitch-Affirms-NEPI-Rockcastle%E2%80%99s-BBB-Credit-Rating.pdf.
01-Oct-2018
(Official Notice)
13-Sep-2018
(Official Notice)
11-Sep-2018
(Official Notice)
NEPI Rockcastle shareholders are referred to the announcement published on SENS and Euronext Amsterdam on 29 August 2018 regarding the distribution of 26.49 euro cents per share declared by the board of directors for the six months ended 30 June 2018.



Shareholders holding shares traded on the JSE will receive their cash dividend in South African Rand converted from Euro at an exchange rate of EUR1.00: ZAR17.4996. Accordingly, the cash dividend of 26.49 euro cents per share will be equal to ZAR4.63564 per share. Shareholders holding shares traded on Euronext Amsterdam will receive the dividend in euros.



Dividend tax (and therefore the information provided in this paragraph) is only of direct application to shareholders holding shares traded on the JSE. The gross local dividend amount is ZAR4.63564 per share for shareholders exempt from paying South African dividends tax. The net local divided amount is ZAR3.70851 per share for shareholders liable to pay the dividends tax rate of 20%. There is no withholding tax payable in the Isle of Man.



The salient dates and times announced on 29 August 2018 remain unchanged.
31-Aug-2018
(Official Notice)
The board of directors of NEPIRock (the "board") has received a letter from ten South African institutional investors, delivered via the office of Coronation Fund Managers on 23 August 2018, requesting an independent investigation of all allegations made against the Company, its directors and closely associated parties (the "letter"). The Company has not yet been able to verify the shareholding of each of the signatories of the letter in NEPIRock.



While the Company is not aware of any specific allegations related to the business, and is satisfied with the integrity of its business practices, the board regards the letter and its requests in a serious light and has accordingly established a special board sub-committee (the "sub-committee") to address the matter. The members of the sub-committee are the chair of the board (Robert Emslie), the chair of the audit committee (Andre van der Veer), the chief executive officer (Alex Morar) and the chief financial officer (Mirela Covasa).



The sub-committee has been mandated by the board to, independently of the other three companies to which the letter is addressed:

- engage with those signatories of the letter who are shareholders in the Company (i) to clarify the specific issues or concerns that they may have pertaining to NEPIRock and (ii) to determine if and how such shareholders would like the Company to investigate these matters;

- engage with significant shareholders that are not signatories of the letter to obtain their views on the content and requests set out therein and ascertain whether they support the requested investigation; and

- determine the scope and costs of any independent investigation and the impact thereof on the shareholders of the Company.



Shareholders are further advised that the Company is aware that the Financial Services Conduct Authority in South Africa (?FSCA?) is currently investigating possible prohibited trading practices in respect of NEPIRock shares traded on the JSE. Although not an investigation into the business affairs of the Company, NEPIRock has and will continue to co-operate fully with the FSCA investigation. The sub-committee has been mandated by the board as far as possible to ascertain the status of the FSCA investigation.



Shareholders will be kept informed about the progress of the sub-committee's work in due course.
29-Aug-2018
(Official Notice)
Shareholders are referred to NEPI Rockcastle's Unaudited Condensed Consolidated Financial Results for the Six Months Ended 30 June 2018, published on SENS and Euronext Amsterdam on 29 August 2018, and are advised that, pursuant to Article 5:25d(2)(c) as well as Article 5:25d, Subsections (8) and (9) of the Dutch Financial Supervision Act, the Board of Directors confirm that the Unaudited Condensed Consolidated Financial Statements give a true and fair view of the state of affairs of the Group for the six months ended 30 June 2018 as well as the comparative periods presented.
29-Aug-2018
(Official Notice)
29-Aug-2018
(C)
The following results are the company's maiden interim results since listing and therefore are incomparable. Net rental and related income came to EUR164.6 million whilst EBITDA was EUR155.7 million. Profit before net finance expense was EUR194.9 million. Profit attributable to equity holders of EUR149.0 million was recorded. In addition, headline earnings per share were EUR12.73 cents per share.



Distribution

The board of directors declares a distribution of EUR26.49 cents per share for the first half of 2018, which will be paid in cash in September 2018. An announcement in this respect will be issued on the Stock Exchange News Service (SENS) of the JSE and Euronext Amsterdam in due course.



Company prospects and earnings guidance

The Group pursues a sizeable development and acquisition pipeline, while maintaining a key focus on a strong liquidity profile and balance sheet. With a quality asset base and operating platform, the Group is best positioned to remain the leading CEE real estate investor.



Distributable earnings per share for the year ended 31 December 2018 are expected to be approximately 10% higher than the 2017 distribution of EUR48.26 cents per share.
28-Aug-2018
(Official Notice)
Shareholders are advised that at the annual general meeting ("AGM") of shareholders held on Tuesday, 28 August 2018 (in terms of the revised AGM notice dispatched on 1 August 2018) all the resolutions tabled thereat were passed by the requisite majority of NEPI Rockcastle shareholders, except for non-binding resolution 1 which was voted against by more than 25% of the voting rights exercised in respect of that resolution.



Details of the results of voting at the AGM are as follows:

*total number of NEPI Rockcastle shares in issue as at the date of the AGM: 577 800 734

*total number of NEPI Rockcastle shares that were present/represented at the AGM: 465 718 337 being 81% of the total number of NEPI Rockcastle shares that could have been voted at the AGM.
01-Aug-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 12 July 2018 and are advised that a revised notice of the first annual general meeting ("Revised AGM Notice") of NEPI Rockcastle shareholders ("the AGM") was issued today, Wednesday, 1 August 2018.



The AGM will be held at the Sefton Hotel, Harris Promenade, Douglas, Isle of Man, IM1 2RW on Tuesday, 28 August 2018 at 8:00 British Summer Time /9:00 South African Standard Time, for shareholders to consider and, if deemed fit, pass with or without modification, the resolutions set out in the Revised AGM notice.



The record date to be recorded in the shareholder register in order to be entitled to vote at the AGM is Friday, 17 August 2018. A copy of the Revised AGM notice is available on the company's website: http://nepirockcastle.com/wp-content/uploads/2018/08/NEPIRock-Final-Revised-AGM-Notice-1.pdf
01-Aug-2018
(Official Notice)
The board of directors of NEPIRock ("the Board") has recommended, subject to shareholder approval, the appointment of Mr George Aase as an independent non-executive director of the Company with effect from 28 August 2018 (at the close of the Company's upcoming annual general meeting). Mr Aase will also assume membership of the Company's Audit Committee at the close of the upcoming annual general meeting.



Shareholders are further advised that Mr Nick Matulovich, due to retire by rotation, has indicated that he will not offer himself for re-election at the upcoming annual general meeting. Mr Matulovich was the Chief Financial Officer of Rockcastle Global Real Estate Company Ltd. from 2014, and has been an Executive Director of NEPIRock since May 2017. He will work with the Company until February 2019 to ensure a smooth handover of his tasks. The Company thanks Mr Matulovich for his contribution as Executive Director.



Shareholders are also referred to the announcement released on SENS on 12 June 2018 and are advised that Mr Spiro Noussis has confirmed that he will not be accepting the position of Chief Investment Officer. So as to facilitate the Company's transition to a sole-CEO structure, Mr Noussis will offer himself for re-election as an Executive Director at the upcoming annual general meeting, for a Ltd. term ending on 31 December 2018, after which Mr Noussis will pursue other career opportunities.
12-Jul-2018
(Official Notice)
12-Jul-2018
(Official Notice)
Shareholders are referred to the announcement released on 14 December 2017 regarding the Company's Financial Reporting Schedule for the 2018 calendar year, and are advised that, for logistical reasons, the Financial Reporting Schedule has been revised as set out below:

*Publication of financial results for the six months ended 30 June 2018 : 29 August 2018



Shareholders are further referred to the announcement released on 30 April 2018 regarding the posting of the notice of annual general meeting of shareholders (the "AGM"), and are advised that, for logistical reasons, the date of the AGM has been changed to 28 August 2018. A revised notice of AGM will be issued in due course.
25-Jun-2018
(Official Notice)
NEPIRock announced that, on 21 June 2018, through its subsidiary NRP Shopping Centre Project Two s.r.o., it has signed a binding agreement to acquire 100% of the shares in MLYNY, a.s., being the owner of Galeria Mlyny shopping centre in the city of Nitra in Slovakia ("Galeria Mlyny" or "the Property") from a group of local investors.



Galeria Mlyny is a shopping and entertainment mall in the city centre of Nitra with a gross lettable area ("GLA") of 33 200 sqm. Opened in 2009, the Property was extended in 2015 with a new wing, which includes a five-screen multiplex cinema. Galeria Mlyny is 98% let, including key anchors such as Billa supermarket, Bershka, C-A, CCC, Deichmann, Gant, Geox, Guess, H-M, Humanic, Intersport, Lindex New Yorker, Orsay, Takko, Tommy Hilfiger and US Polo Assn.. The Property is located in the heart of the city, on a main intersection and next to the university residential quarters, and benefits from an annual footfall of 9 million people.



Galeria Mlyny is the main retail destination in Nitra, a city of 79 000 people in western Slovakia and the capital of the region with the same name, populated by over 689 000 people. The city has an important regional function as the administrative and educational centre of the county, with two universities enrolling over 24 000 students. The city's economy is expected to benefit from a new automotive assembly plant which will open in the second part of 2018 and offer up to 2 800 jobs by 2020.



The acquisition of Galeria Mlyny will further strengthen NEPIRock's Slovakian portfolio, which previously consisted of four shopping centres, making NEPIRock the largest retail landlord in the country.



The aggregate purchase price for Galeria Mlyny was EUR 121.8 million. The Property has a current net operating income of EUR 8.4 million per annum, excluding potential income from vacancies.
12-Jun-2018
(Official Notice)
Pursuant to the merger of New Europe Property Investments plc and Rockcastle Global Real Estate Company Ltd. in July 2017, Alex Morar and Spiro Noussis were appointed as joint Chief Executive Officers of NEPIRock. The joint CEOs have worked together to successfully integrate the business of NEPIRock. The Board has now appointed Mr Morar as sole Chief Executive Officer. Mr Noussis remains an executive director of the Company, and has been offered the position of Chief Investment Officer.
07-Jun-2018
(Official Notice)
The board of directors of NEPIRock ("the Board") announced the appointment of Mr. Sipho Vuso Majija as a non-independent non-executive director of the company with effect from 6 June 2018.
01-Jun-2018
(Official Notice)
30-Apr-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 20 March 2018 and are advised that the notice of the first annual general meeting of NEPI Rockcaslte shareholders (?the AGM?) was posted on Monday, 30 April 2018.



The AGM will be held at the Company?s registered office, being 2nd Floor, 30 Athol Street, Douglas, Isle of Man, IM1 1JB on Tuesday, 21 August 2018 at 8:00am British Summer Time/ 9:00am South African Standard Time, for shareholders to consider and, if deemed fit, pass with or without modification, the resolutions set out in the AGM notice.



The record date to be recorded in the shareholder register in order to be entitled to vote at the AGM is Friday, 10 August 2018. A copy of the AGM notice is available on the Company?s website: nepirockcastle.com/
25-Apr-2018
(Official Notice)
Shareholders are advised that Mr Michael Mills, independent non-executive director of NEPIRock, has informed the Company of his intention to retire. Mr Mills will resign from the Board of Directors of NEPIRock (?the Board?), and as chairman of the Audit Committee, at the Company?s upcoming Annual General Meeting, when he was due to retire by rotation. Accordingly, he will not offer himself for re-election at that meeting.



The Board, led by the Nomination Committee, has commenced searching for a new independent non- executive director and chairman of the Audit Committee. Shareholders will be advised once an appointment has been made.
20-Mar-2018
(Official Notice)
Shareholders are advised that the Company?s Annual Report for the year ended 31 December 2017 (the ?2017 Annual Report?) was posted today, 20 March 2018, on the Company?s website and contains no changes from the reviewed condensed consolidated financial results for the year ended 31 December 2017, which were published on SENS and the website of Euronext Amsterdam on 20 February 2018. Where applicable, hard copies of the 2017 Annual Report will be posted to shareholders.



Shareholders are further advised that the 2017 Annual Report will be submitted to the JSE and Euronext Amsterdam today and will be available in electronic format on the Company?s website: http://nepirockcastle.com/investor-relations/company-reports/. A notice of Annual General Meeting for NEPI Rockcastle shareholders will be published in due course.
06-Mar-2018
(Official Notice)
NEPI Rockcastle shareholders are referred to the announcement published on SENS and Euronext Amsterdam on 20 February 2018 regarding the distribution of EUR24.80 cents per share declared by the board of directors for the six months ended 31 December 2017.



Shareholders holding shares traded on the JSE will receive their cash dividend in South African Rand converted from Euro at an exchange rate of EUR1.00: ZAR14.6217. Accordingly, the cash dividend of EUR24.80 cents per share will be equal to ZAR3.62618 per share. Shareholders holding shares traded on Euronext Amsterdam will receive the dividend in euros.



Dividend tax (and therefore the information provided in this paragraph) is only of direct application to shareholders holding shares traded on the JSE. The gross local dividend amount is ZAR3.62618 per share for shareholders exempt from paying South African dividends tax. The net local divided amount is ZAR2.90094 per share for shareholders liable to pay the dividends tax rate of 20%. There is no withholding tax payable in the Isle of Man.



The salient dates and times announced on Tuesday, 20 February 2018 remain unchanged.
02-Mar-2018
(Official Notice)
Shareholders are referred to the announcement released on 14 December 2017 regarding the Company's Financial Reporting Schedule for the 2018 calendar year and are advised that the Financial Reporting Schedule has been revised as set out below.

* Publication of the audited financial statements and annual report for the year ended 31 December 2017 : 20 March 2018
20-Feb-2018
(Official Notice)
Shareholders are referred to NEPI Rockcastle?s reviewed condensed consolidated financial results for the year ended 31 December 2017, published on SENS and Euronext Amsterdam on 20 February 2018, wherein shareholders were advised that the board of directors had declared a distribution of 24.80 euro cents per share for the six months ended 31 December 2017 (?the dividend?). The dividend will be payable to shareholders out of the Company?s accumulated profits.



The dividend is payable to NEPI Rockcastle shareholders holding shares traded on the JSE and on Euronext Amsterdam in accordance with the timetable set out below:

*Announcement of foreign exchange conversion rate on SENS and company website for Euronext Amsterdam by 11:00 (South African time) Tuesday, 6 March 2018

*Last day to trade on the JSE in order to be eligible for the dividend Tuesday, 6 March 2018

*Last day to trade on Euronext Amsterdam in order to be eligible for the dividend Wednesday, 7 March 2018

*Shares commence trading on the JSE ex dividend Wednesday, 7 March 2018

*Shares commence trading on Euronext Amsterdam ex dividend Thursday, 8 March 2018

*Record date for JSE and Euronext Amsterdam shareholders Friday, 9 March 2018

*Payment date for the dividend Monday, 12 March 2018



No transfers of shares between sub-registers may take place between Tuesday, 6 March 2018 and Friday, 9 March 2018, both days inclusive. Share certificates may not be dematerialised or rematerialized between Wednesday, 7 February 2018 and Friday, 9 March 2018, both days inclusive. The dividend will be transferred to dematerialised shareholders? CSDP/broker accounts on Monday, 12 March 2018. Certificated shareholders? dividend payments will be deposited on or about Monday, 12 March 2018.
20-Feb-2018
(C)
The following results are the company's maiden results therefore are incomparable. Net rental and related income came in at EUR232.1 million whilst EBITDA was EUR216.9 million. Loss for the year attributable to equity holders of EUR579.7 million was recorded. Furthermore, headline earnings per share were EUR35 cents per share.



Distributable earnings and declaration of distribution

The Group achieved EUR24.80 cents in distributable earnings per share for the six months ended 31 December 2017. Aggregated with the combined distribution achieved by NEPI and Rockcastle for the first half of 2017, and declared by NEPI Rockcastle, of EUR23.46 cents per share, it results in EUR48.26 cents per share; this is 17.1% higher than the 2016 pro-forma distribution of EUR41.21 cents per share for 2016, as published in the NEPI Rockcastle Prospectus. This growth is in line with previously announced guidance, and is due to the strong performance of the Group's assets and acquisitions and developments completed during the year.



The board of directors declares a distribution of EUR24.80 cents per share for the second half of 2017, which will be paid in cash in March 2018. An announcement in this respect will be issued on the Stock Exchange News Service (SENS) of the JSE and Euronext Amsterdam in due course.



Company prospects and earnings guidance

Distributable earnings per share for the year 2018 are expected to be approximately 10% higher than the 2017 combined distribution of EUR48.26 cents per share. This guidance is based on the assumptions that a stable macroeconomic environment prevails, no major corporate failures occur, and planned developments and acquisitions remain on schedule.
02-Feb-2018
(Official Notice)
The Company?s condensed consolidated financial results for the year ended 31 December 2017 will be reviewed by its auditors, PricewaterhouseCoopers, and are scheduled for release on 20 February 2018. Its annual report for the same period, including the audited annual consolidated financial statements, is scheduled for release on 9 March 2018. The Company?s results presentations will be held on 21 February 2018 in Johannesburg and 22 February 2018 in Cape Town, and shareholders interested in meeting with management are invited to contact the Company for further details.



The board of directors notes the movement in the Company?s share price and assures shareholders that the governance, operations and affairs of the Company remain sound. The Company has not received or been asked in any way to comment on any allegations to the contrary. The board notes that the Company is investment-grade rated by the three major rating agencies. Credit ratings previously assigned by Moody?s and S-P have improved post-merger. The Company has a strong balance sheet with high liquidity, low gearing and a diverse debt structure with no risk arising from the Company?s share price volatility. The Company does not have any crossholdings into its shareholders.



Accordingly, the board has no reason to provide any update to its stated guidance for growth in distribution or to advise shareholders to exercise caution in their dealings in NEPI Rockcastle shares.

11-Jan-2018
(Official Notice)
As announced on 22 August 2017, NEPI Rockcastle confirms that distributable earnings per share for the year ended 31 December 2017 are expected to be approximately 17% higher than the 2016 pro-forma distribution of EUR41.21 cents per share published in the NEPI Rockcastle prospectus dated 9 June 2017, in line with guidance previously announced. The Loan-to-Value ratio is currently below the company?s targeted level of 35%.



This forecast has not been audited or reviewed by NEPI Rockcastle?s auditors and is the responsibility of the board. The company?s results for the year ended 31 December 2017 will be published on or about 20 February 2018.

For further information please contact:

21-Dec-2017
(Official Notice)
As previously announced, NEPI Rockcastle?s wholly-owned subsidiary, NE Property Cooperatief U.A. (?NEPC?), closed a corporate bond book build on 17 November 2017, in terms of which NEPC priced a EUR500 million unsecured 7 year Eurobond maturing on 23 November 2024, carrying a 1.75% fixed coupon, with an issue price of 99.051%.



Shareholders are advised that the notes issued pursuant to the corporate bond book build will be listed on the Bucharest Stock Exchange on 21 December 2017.

14-Dec-2017
(Official Notice)
The company announces its Financial Reporting Schedule for the 2018 calendar year, as follows:

*Publication of the reviewed financial results for the year ended 31 December 2017 - 20 February 2018

*Publication of the audited financial statements and annual report for the year ended 31 December 2017 - 9 March 2018

*Publication of financial results for the six months ended 30 June 2018 - 22 August 2018



08-Dec-2017
(Official Notice)
Pursuant to the merger of New Europe Property Investments plc (?old NEPI?) and Rockcastle Global Real Estate Company Ltd. (?old Rockcastle?) (the ?merger transaction?), the company issued NEPI Rockcastle shares (?NRP shares?) in settlement of the rights to NRP shares distributed by old NEPI and old Rockcastle as dividends or capital. On 18 July 2017, old NEPI was delisted from the JSE Ltd. (?JSE?) and the Bucharest Stock Exchange, and old Rockcastle was delisted from the JSE and the Mauritius Stock Exchange Ltd. Shareholders (other than old NEPI shareholders who elected to have their old NEPI shares repurchased) were issued share statements reflecting their unlisted shareholding in each company (?unlisted shares?).



To implement the merger transaction, old NEPI and old Rockcastle transferred 100% of their respective assets and liabilities to NEPI Rockcastle. Old NEPI and old Rockcastle no longer own any assets and are effectively shell companies. Unlisted shares evidenced by old NEPI and old Rockcastle share statements therefore do not have any underlying value, with the NEPI Rockcastle shares that were received by shareholders pursuant to the implementation of the merger transaction reflecting the full value of the merged old NEPI and old Rockcastle entities.



At the extraordinary general meeting of old NEPI shareholders held on 6 July 2017, shareholders authorised the administrative dissolution of old NEPI as soon as reasonably practicable following the settlement of all liabilities of old NEPI. This administrative dissolution is well advanced and is expected to be completed by 31 January 2018. Similarly, at the general meeting of old Rockcastle shareholders held on 3 July 2017, shareholders authorised the board of directors to initiate, as and when it deems fit, procedures for the winding-up of the company under section 102 of the Mauritian Insolvency Act or an application for removal of the company from the register of companies in Mauritius under section 309 of the Mauritian Companies Act at any time following the implementation of the merger transaction.



Shareholders will be advised if and when the above processes have been completed. There will be no distribution to shareholders upon dissolution or winding-up of either old NEPI or old Rockcastle.



07-Dec-2017
(Official Notice)
Further to the announcement on 21 September 2017, NEPI Rockcastle is pleased to announce that the acquisition of Paradise Center in Sofia, Bulgaria (?the Transaction?) became effective as of 1 December 2017. The Transaction, together with the acquisition of Serdika Center earlier in the year, cements NEPI Rockcastle?s position in the Bulgarian market with ownership of the two best performing retail assets in the capital city.
17-Nov-2017
(Official Notice)
Nepirock?s wholly-owned subsidiary, NE Property Cooperatief U.A. (?NEPC?), has closed the corporate bond book build referred to in the announcement released on 16 November 2017. NEPC has priced a EUR500 million unsecured 7 year Eurobond maturing on 23 November 2024 (?the Bond?), carrying a 1.75% fixed coupon, with an issue price of 99.051%. At this level, the book was oversubscribed.
16-Nov-2017
(Official Notice)
NEPI Rockcastle shareholders are advised that, further to the announcement released on 3 November 2017 regarding a proposed bond offering, the company will undertake a book build today for an unsecured corporate bond issue on the following terms:

Issuer: NE Property Cooperatief U.A., a wholly-owned subsidiary of NEPI Rockcastle, incorporated in the Netherlands

Guarantor: NEPI Rockcastle PLC

Guarantor Ratings: Baa3 positive (Moody?s) / BBB stable (S-P) / BBB stable (Fitch)

Exp. Inst. Ratings: BBB stable (S-P) / BBB stable (Fitch)

Currency / Size: EUR500 million no-grow

Format: Senior Unsecured, Reg S Registered NSS

Trade Date: 16 November 2017

Settlement Date: 23 November 2017

Maturity Date: 23 November 2024 (7yr)

Coupon: Fixed, Annual, ACT/ACT (ICMA)

IPTs: MS+155 bps area

Covenants:

1) Solvency ratio (Total Debt/Total Assets) =< 60%

2) Consolidated coverage ratio (Adjusted EBITDA/Consolidated Interest expense) >= 2:1

3) Unencumbered Assets (Unsecured Consolidated Total Assets/Unsecured Consolidated Total Indebtedness) >=150%

Docs: EMTN Programme

EUR100 000 x EUR1000 / Irish Listing / English law / CoC (Par) / Clean-up (80%) / MW Call / 3m Par Call

Selling restrictions: As per EMTN Programme, including United States, Japan, the EEA (including the United Kingdom), Isle of Man, Netherlands and Italy

Global Coordinator: J.P. Morgan

Joint Bookrunners: ING / J.P. Morgan (B-D) / SG CIB

Use of Proceeds: General corporate purposes, including but not limited to, property acquisitions and developments, refinancing and working capital management

Timing: Today?s business, books open
09-Nov-2017
(Official Notice)
03-Nov-2017
(Official Notice)
02-Nov-2017
(Official Notice)
Shareholders are advised that NEPI Rockcastle has, with effect from Thursday, 2 November 2017, changed its registered address.



The new registered address is as follows:

2nd Floor, 30 Athol Street

Douglas

Isle of Man

IM1 1JB



02-Nov-2017
(Official Notice)
On 1 November 2017, Fitch Ratings (?Fitch?) assigned NEPI Rockcastle a Long-Term Issuer Default Rating of 'BBB' with a Stable Outlook, and a senior unsecured rating of 'BBB'. The rating reflects the company's portfolio of dominant shopping centres in large and medium-sized urban conglomerations across eight Central and Eastern European countries. The portfolio features large catchment areas with good macro-dynamics, with a total gross lettable area exceeding 1.5 million square metres and an occupancy rate of over 95%. The tenant profile has good granularity and predominantly comprises large international and local companies. Fitch also noted that despite rapid growth, the company has maintained conservative finances and has a comfortable liquidity position.



NEPI Rockcastle is now rated by Moody?s Investor Service (Baa3 positive), Standard-Poor?s Rating Services (BBB stable) and Fitch (BBB stable).

13-Oct-2017
(Official Notice)
Shareholders are advised that a wholly owned subsidiary of the company, Tuvalu sp.z.o.o (?Tuvalu?), has entered into an agreement to acquire Serenada shopping centre (with a GLA of 41 170m2, opening in October 2017) and the adjacent Krokus shopping centre (with a GLA of 27 728m2), located in Krak?w, Poland (together, the ?properties?), for an aggregate purchase consideration of EUR249.4 million (the ?acquisition?), to be increased by future payments of approximately EUR212 million, dependant on the completion of an extension which will result in a single integrated shopping centre with a GLA of over 100 000m2 (the ?extension?).
11-Oct-2017
(Official Notice)
Shareholders are referred to the previous announcements in respect of the election offered to shareholders to receive the interim dividend for the six months ended 30 June 2017 either as a cash dividend or as a return of capital by way of an issue of new Nepirock shares (?return of capital?).



Shareholders are advised that a total of 9 305 725 new Nepirock shares (out of a maximum of 11 490 117 new Nepirock shares) (?return of capital shares?) will be issued on market as listed shares on Thursday, 12 October 2017. The return of capital shares, when issued, will be credited as fully paid, will rank pari passu in all respects with the existing issued shares, and will be fully fungible.



Following the issue of the return of capital shares, the total issued share capital of the company will increase to 548 259 519 ordinary shares with a par value of EUR0.01 each. Therefore, the total number of voting rights in NEPI Rockcastle will be 548 259 519 with effect from Thursday, 12 October 2017.



Following the issue of a further 29 541 215 new Nepirock shares on Monday, 16 October 2017, pursuant to the book build undertaken on 3 October 2017, the total issued share capital of the company will increase to 577 800 734 ordinary shares with a par value of EUR0.01 each. Therefore, the total number of voting rights in NEPI Rockcastle will be 577 800 734 with effect from Monday, 16 October 2017.
05-Oct-2017
(Official Notice)
Following the close of the book build undertaken on 3 October 2017 (?capital raise?), shareholders are advised that a total of 29 541 215 new Nepirock ordinary shares are expected to be issued and listed on Monday, 16 October 2017. The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing issued shares.



Given that a number of new Nepirock shares are anticipated to be listed and issued on Thursday, 12 October 2017, pursuant to the distribution announced on 22 August 2017, the company will on Wednesday, 11 October 2017 announce the total issued share capital of the company and total number of voting rights in Nepirock following both the distribution and the capital raise.
03-Oct-2017
(Official Notice)
Nepirock announced that it has closed its book build announced 3 October 2017. In light of strong demand, the amount of equity to be raised was increased to approximately ZAR5.2 billion (approximately EUR325 million). At this level, the book was oversubscribed. The new NEPI Rockcastle shares to be issued pursuant to the book build process have been priced at ZAR177.00 per share traded on the JSE (EUR11.10 per share traded on Euronext Amsterdam). The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing issued shares.



Java Capital acted as sole bookrunner.



Applicants for shares to be traded on the JSE are advised as follows:

* Settlement is on a (T+1) cycle

* Trade date: Friday, 13 October 2017

* Settlement date: Monday, 16 October 2017
03-Oct-2017
(Official Notice)
With reference to the announcement released earlier on 3 October 2017, Nepirock anticipates that the quantum of equity to be raised through the issue of new ordinary shares will be approximately EUR325 million (the ?equity raise?). Indicative pricing for shares to be issued is ZAR177.00 per share traded on the JSE (EUR11.10 per share traded on Euronext Amsterdam), however the equity raise remains subject to pricing acceptable to Nepirock.



Applicants for shares to be traded on the JSE are advised as follows:

- Settlement is on a (T+1) cycle

- Trade date: Friday, 13 October 2017

- Settlement date: Monday, 16 October 2017
03-Oct-2017
(Official Notice)
Nepirock announced an equity raising of approximately ZAR3 billion through the issue of new ordinary shares (the ?equity raise?). The equity raise is subject to pricing acceptable to Nepirock and will be completed as part of a vendor consideration placing (as defined under paragraph 5.62 of the JSE Listings Requirements) and under the Company?s general authority to issue shares for cash granted on Thursday, 16 May 2017.



The vendor consideration placing will be utilised partly to refinance the acquisition of the Serdika Center and Office in Sofia, Bulgaria and Arena Plaza shopping centre in Budapest, Hungary, announced on 13 June 2017 and 18 September 2017 respectively.



The equity raise will be offered to qualifying investors through an accelerated book build process (the ?book build?). The equity raise is not an offer to the public as contemplated under the South African Companies Act, No.71 of 2008, as amended. The book build opens at 08h00 (South African time) today, 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.
28-Sep-2017
(Official Notice)
Shareholders are referred to previous announcements relating to the election to receive the interim dividend for the six months ended 30 June 2017 either as a cash dividend or as a return of capital, the last of which was released on 26 September 2017.



Where a shareholder elects to receive the return of capital by way of an issue of new Nepirock shares, any entitlement to receive a fraction of a Nepirock share will be rounded down to the nearest whole number, with a cash payment (?cash payment?) made to the relevant shareholder in respect of the fraction.



The value of a Nepirock share to be utilised in determining the cash payment due to shareholders has been determined with reference to the volume weighted average traded price of a Nepirock share on the JSE on Tuesday, 26 September 2017, discounted by 10%. On this basis, shareholders are advised that the gross value of a Nepirock share to be utilised in determining the cash payment due to shareholders is ZAR167.90. For shareholders on the European register, this gross value is EUR10.66573, being the aforementioned Rand value converted to Euro at the exchange rate of EUR1.00:ZAR15.74200 announced on Tuesday, 26 September 2017.



The receipt of the cash payment may have tax implications for shareholders. For those South African resident shareholders receiving the cash payment, such amount may be regarded as a foreign dividend and, if it is, may be subject to South African dividends tax at a rate of 20%, unless an exemption as set out in the South African Income Tax legislation applies. For shareholders liable to pay dividends tax at the rate of 20%, the net value of a NEPI Rockcastle share to be utilised in determining the cash payment due to shareholders is ZAR134.32.



The salient dates and times announced on Friday, 8 September 2017 remain unchanged.
26-Sep-2017
(Official Notice)
Nepirock shareholders are referred to the circular issued on Friday, 8 September 2017, in respect of an election to receive the interim dividend for the six months ended 30 June 2017 either as a cash dividend or as a return of capital and are advised as follows:

* Shareholders holding shares traded on the JSE will receive their cash dividend in South African Rand converted from Euro at an exchange rate of EUR1.00: ZAR 15.74200. Accordingly, the cash dividend of 23.46 Euro cents per share will be equal to ZAR 3.69307 per share.

* The reference price is ZAR 173.22650 (?reference price?), being a 7% discount to the five-day volume weighted average traded price (less distribution) of Nepirock shares on the JSE as at Friday, 22 September 2017. For Nepirock shares traded on Euronext Amsterdam, the reference price is EUR 11.00410 (being the reference price of ZAR 173.22650 converted to Euro at the Rand exchange rate of EUR1.00: ZAR 15.74200).

* Shareholders electing to receive the return of capital will receive 2.13193 new Nepirock shares for every 100 Nepirock shares held by such shareholders on the record date of Friday, 29 September 2017, representing the ratio that the cash dividend bears to the reference price.



If no shareholders were to elect to receive the return of capital, the value of the dividends would amount to EUR 126 438 560. Should all shareholders elect to receive the return of capital, the maximum total number of new Nepirock shares to be issued by Nepirock pursuant to the return of capital will be 11 490 117.



Dividend tax (and therefore the information provided in this paragraph) is only of direct application to shareholders holding shares traded on the JSE. The gross local dividend amount is ZAR 3.69307 per share for shareholders exempt from paying South African dividends tax. The net local divided amount is ZAR 2.95446 per share for shareholders liable to pay the dividends tax rate of 20%. There is no withholding tax payable in the Isle of Man.
21-Sep-2017
(Official Notice)
NEPI Rockcastle announces that, on 21 September 2017, through its subsidiary NEPI Project two EOOD, it has acquired all the issued shares in, and claims against, BULFELD EOOD, the owner of Paradise Center in Sofia, Bulgaria (?the Transaction?). The Transaction will be effective upon obtaining approval of the Bulgarian Competition Authority.



This acquisition strengthens NEPI Rockcastle?s position as the largest listed retail real estate company in Central and Eastern Europe (?CEE?), and together with the acquisition of Serdika Center earlier this year, its presence in the Bulgarian market.



Purchase consideration

The aggregate purchase price for the Transaction is EUR252.9 million, resulting in an acquisition yield of approximately 7%. The acquisition has initially been funded by a combination of the Company?s existing cash resources and debt facilities, combined with sale of listed securities held, in line with management?s strategy of decreasing this exposure.



Categorisation

The transaction is not categorisable in terms of the JSE Listings Requirements and the information in this announcement is presented for information purposes only.



18-Sep-2017
(Official Notice)
NEPIRock announced that, on 15 September 2017, through its subsidiary, Arena Property KFT, it has acquired all the issued shares in, and claims against, Symmetry Arena Ingatlankezelo Korlatolt Felelossegu Tarsasag, the owner of Arena Plaza Shopping centre in Budapest, Hungary (?the Transaction?). The Transaction was completed on 15 September 2017 (?Effective date?).



The aggregate purchase price paid for the transaction was EUR275 million, resulting in an acquisition yield of approximately 6.2%. This acquisition has initially been funded by a combination of NEPIRock?s existing cash resources, debt facilities, vendor finance and sale of various listed securities held, in line with management?s strategy of decreasing this exposure.
08-Sep-2017
(Official Notice)
22-Aug-2017
(Official Notice)
14-Aug-2017
(Official Notice)
Mr Andries de Lange has been appointed as an alternate director to Mr Desmond de Beer, an independent non-executive director of NEPI, with effect from 11 August 2017.
07-Aug-2017
(Official Notice)
As previously announced, the merger of New Europe Property Investments plc (?NEPI?) and Rockcastle Global Real Estate Company Ltd. (?Rockcastle?) (the ?merger transaction?), in a new entity, NEPI Rockcastle plc, was effective on 11 July 2017. Pursuant to the merger transaction, NEPI Rockcastle shares commenced trading on the Main Board of the JSE and Euronext Amsterdam on Wednesday, 12 July 2017; NEPI and Rockcastle were de-listed from the Main Board of the JSE and from the Bucharest Stock Exchange and Stock Exchange of Mauritius Ltd. respectively on Tuesday, 18 July 2017.



Given that the merger implementation date was subsequent to the reporting date, the condensed consolidated financial results for the six months ended 30 June 2017 will be reported on a stand-alone basis for each of the two former groups, according to IFRS.



The NEPI and Rockcastle interim results will include the calculation of a distribution per NEPI and Rockcastle share for the period from 1 January 2017 to 30 June 2017, respectively. A distribution per NEPI Rockcastle share, being the aggregate of the NEPI and Rockcastle distributable earnings divided by the number of NEPI Rockcastle shares in issue, will ultimately be paid by NEPI Rockcastle to its shareholders.



The NEPI and Rockcastle interim results will be made available on NEPI Rockcastle?s website (www.nepirockcastle.com) and released on the Stock Exchange News Service of the JSE by NEPI Rockcastle on 22 August 2017.
18-Jul-2017
(Official Notice)
Pursuant to the merger of New Europe Property Investments plc (?NEPI?) and Rockcastle Global Real Estate Company Ltd. (?Rockcastle?), the company has issued NEPI Rockcastle shares (?NRP shares?) in settlement of the rights to NRP shares distributed by NEPI and Rockcastle as dividends or capital.



Shareholders who are subject to South African capital gains tax and who received NRP shares on the company?s South African register trading on the JSE Limited are advised that they will have acquired NRP shares on Monday, 17 July 2017 at a base cost equal to ZAR177.50, being the closing price of NEPI Rockcastle shares on the JSE on Friday, 14 July 2017.
17-Jul-2018
(X)
NEPI Rockcastle owns and manages a portfolio of dominant retail properties in the following high-growth CEE countries: Romania, Poland, Bulgaria, Slovakia, Hungary, Croatia, Czech Republic and Serbia. The Group benefits from a highly-skilled internal management team which combines asset management, development, investment, leasing and financial expertise. Geographically diverse management skills allow NEPI Rockcastle to pursue Central and Eastern European (CEE) property opportunities more efficiently, benefiting from a strategic advantage in the acquisition, development and management of properties. The Group is well positioned for growth, driven by its best-in-class operating platform, as well as its historically proven capacity to deploy existing capital resources into attractive direct property investments. NEPI Rockcastle continues the active investment policy that supported the growth of NEPI and Rockcastle respectively over recent periods, with a strong pipeline of acquisitions and developments currently being pursued in its targeted region.



NEPI Rockcastle also holds a portfolio of liquid listed securities of large companies that operate primarily in the US, UK, and Continental Europe. The investment in this portfolio provides easily-accessible resources to fund suitable acquisitions. Management expects to convert the majority of this portfolio to direct property investments during 2018. The Group?s financial profile includes maintaining high liquidity, low gearing, and a diverse debt structure, which combines secured and unsecured bank debt with unsecured bonds listed on the Irish Stock Exchange. NEPI Rockcastle is investment-grade rated by Moody?s (Baa3, positive outlook), Standard - Poor?s (BBB, stable outlook) and Fitch (BBB, stable outlook). NEPI Rockcastle?s shares are listed on the Johannesburg Stock Exchange (?JSE?) and Euronext Amsterdam (?Euronext?). The Group plans to distribute at least 90% of its distributable earnings on a semiannual basis. Given the nature of its business, and as it is considered a more relevant performance measure than earnings or headline earnings per share, NEPI Rockcastle uses distribution per share as its key performance measure.


Send e-mail to for any enquiries or see Contact Details for phone numbers
Home   •   Terms & conditions   •   PAIA   •   Privacy Policy   •   Security Notice   •   Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Best in 800x600 with IE6 or Mozilla Firefox