Wrap Text
Results of the Accelerated Book Build for Acquisitions
New Europe Property Investments plc
(Incorporated and registered in the Isle of Man with registered number 001211V)
(Registered as an external company with limited liability under the laws of South
Africa, registration number 2009/000025/10)
JSE share code: NEP
AIM share code: NEPI
BVB share code: NEP
ISIN: IM00B23XCH02
(“NEPI” or the “Company”)
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
RESULTS OF THE ACCELERATED BOOK BUILD FOR ACQUISITIONS
NEPI has closed its Book Build announced earlier today, 28 November 2013. In light of
strong demand, the quantum to be raised was increased to ZAR695 million (approximately
€50 million). At this level, the book was substantially oversubscribed. The new NEPI
shares to be issued pursuant to the Book Build process have been priced at ZAR77.00 per
share, a 3.6% discount to the 5-day volume weighted average price and a 3.8% discount
to the previous closing price as at Wednesday, 27 November 2013.
A total of 9,020,844 new NEPI shares are expected to be issued and list on Friday, 6
December 2013.
Macquarie First South Capital Proprietary Limited is acting as the sole bookrunner.
28 November 2013
Sole bookrunner
Macquarie First South Capital Proprietary Limited
South African legal counsel to the sole bookrunner
Edward Nathan Sonnenbergs Inc.
JSE Sponsor
Java Capital
Further contact details:
New Europe Property Investments plc
Martin Slabbert +40 74 432 8882
Nominated Adviser and Broker
Smith & Williamson Corporate Finance Limited
Azhic Basirov/Siobhan Sergeant +44 20 7131 4000
Romanian advisor
SSIF Intercapital Invest SA
Razvan Pasol +40 21 222 8731
IMPORTANT NOTICES
The Equity Raising is not an offer to the public as contemplated under the South
African Companies Act, No.71 of 2008 as amended (“Companies Act”), nor an offer of
securities in any other jurisdiction. Potential investors are only permitted to apply
for shares with a minimum total acquisition cost, per single addressee acting as
principal, of greater than or equal to ZAR1 000 000, unless the potential investor is a
person, acting as principal, whose ordinary business, or part of whose ordinary
business, is to deal in securities, whether as principal or agent (in reliance on
Section 96(1)(a)(i) and 96(1)(b) of the Companies Act) or such applicant falls within
one of the other specified categories of persons listed in section 96(1) of the
Companies Act.
This announcement is not for publication or distribution or release, directly or
indirectly, in the United States of America (including its territories and possessions,
any state of the United States and the District of Columbia).
This announcement does not constitute or form part of an offer or solicitation of an
offer to purchase or subscribe for securities in the United States or any other
jurisdiction. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended (the “Securities
Act), and may not be offered or sold, directly or indirectly, in the United States,
absent registration or an exemption from, or transaction not subject to, the
registration requirements of the Securities Act. No public offering of securities is
being made in the United States.
Neither this announcement nor any copy of it may be taken, transmitted or distributed,
directly or indirectly in or into the United States, Canada, Japan or any jurisdiction
in which it would be unlawful to do so.
This announcement is for information purposes only and in member states of the European
Economic Area (other than the United Kingdom) is directed only at persons who are
qualified investors (as defined in article 2(1)(e) of EU directive 2003/71/EC (the
Prospectus Directive) and the relevant implementing rules and regulations adopted by
each Member State). In the United Kingdom, this announcement is directed only at the
following persons: investment professionals falling within article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order);
and high net worth entities, and other person to whom it may lawfully be communicated,
falling within article 49(2)(a) to (d) of the Order.
This announcement has been issued by and is the sole responsibility of NEPI. No
representation or warranty express or implied, is or will be made as to, or in relation
to, and no responsibility or liability is or will be accepted by the Company’s advisers
including Macquarie First South Capital Proprietary Limited, Java Capital, Smith &
Williamson Corporate Finance Limited and SSIF Intercapital Invest SA, or by any of
their respective affiliates or agents as to, or in relation to, the accuracy or
completeness of this announcement or any other written or oral information made
available to or publicly available to any interested party or its advisers, and any
liability therefore is expressly disclaimed.
Date: 28/11/2013 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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