Wrap Text
Results Of The Accelerated Book Build, Issue Of Equity And Total Voting Rights
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
AIM share code: NEPI JSE share code: NEP BVB share code: NEP
ISIN: IM00B23XCH02
(“NEPI” or the “Company”)
RESULTS OF THE ACCELERATED BOOK BUILD, ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
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 is pleased to announce that it has closed its book build announced earlier today, 13 July 2016. In light of strong
demand, the amount of capital to be raised was increased to ZAR2.5 billion (approximately €156 million). At this
level, the book was significantly oversubscribed. The new NEPI shares to be issued pursuant to the book build process
conducted on the JSE have been priced at ZAR155 per share, a 3.7% discount to the previous closing price as at
12 July 2016.
The equity raise was completed as part of a vendor consideration placing (as defined under paragraph 5.62 of the JSE
Listings Requirements) and where required, under the Company’s general authority to issue shares for cash approved
by NEPI shareholders at the annual general meeting of the Company held on Thursday, 12 May 2016.
A total of 16 129 032 new NEPI shares are expected to be issued and list on 18 July 2016. The new shares, when
issued, will be credited as fully paid and will rank pari passu in all respects with the existing issued shares.
Following Admission, the total issued share capital of the Company will increase to 318 843 185 ordinary shares with
voting rights. Therefore, the total number of voting rights in NEPI will be 318 843 185 with effect from 18 July 2016,
which may be used by shareholders as the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, NEPI under the UK Financial Conduct Authority's
Disclosure and Transparency Rules.
Macquarie Capital South Africa and Java Capital acted as joint bookrunners and joint lead managers.
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. This announcement does not and is not intended to constitute an offer to the public in South Africa in terms of
the Companies Act. Neither this announcement nor any copy of it may be taken, transmitted or distributed, directly or
indirectly in or into the United States, Canada, Australia or Japan.
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
Macquarie Capital South Africa (Joint Bookrunner and Joint Lead Manager), Java Capital (Joint Bookrunner, Joint
Lead Manager and JSE Sponsor), Smith & Williamson Corporate Finance Limited (Nominated adviser and broker in
the UK) or SSIF Intercapital Invest SA (Romanian advisor) or by any of its 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.
FORWARD LOOKING INFORMATION
This announcement contains (or may contain) certain forward-looking statements with respect to certain of NEPI's
plans and its current goals and expectations relating to its future financial condition and performance and which
involve a number of risks and uncertainties. NEPI cautions readers that no forward-looking statement is a guarantee of
future performance and that actual results could differ materially from those contained in the forward-looking
statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to future
events and circumstances a number of which are beyond NEPI's control. These forward-looking statements reflect
NEPI's judgement at the date of this announcement and are not intended to give any assurance as to future results.
Except as required by the JSE, the AIM Rules, the Bucharest Stock Exchange Rules or applicable law, NEPI expressly
disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statements
contained in this announcement to reflect any changes in the Company’s expectations with regard thereto or any
changes in events, conditions or circumstances on which any such statement is based. For further information on
NEPI, investors should review the Company’s Annual Reports and Unaudited consolidated financial results hosted at
www.nepinvest.com.
13 July 2016
Contact details
New Europe Property Investments plc
Mirela Covasa +4 021 232 1398
Joint Bookrunner and Joint Lead Manager
Macquarie Capital South Africa Proprietary Limited +27 11 583 2000
E-mail: maccapadvecmjo'burg@macquarie.com
Joint Bookrunner, Joint Lead Manager and JSE Sponsor +27 11 722 3052
Java Capital Proprietary Limited
E-mail: NEPI@javacapital.co.za
South African legal counsel to the Joint Bookrunners and
Joint Lead Managers
Edward Nathan Sonnenbergs Inc. +27 11 269 7689
Nominated Adviser and Broker
Smith & Williamson Corporate Finance Limited
Azhic Basirov +44 20 7131 4000
Romanian advisor
SSIF Intercapital Invest SA
Razvan Pasol +40 21 222 8731
Date: 13/07/2016 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
