NEW EUROPE PROPERTY INVESTMENTS PLC - Results of Shareholder Elections and Delisting of both NEPI and Rockcastle

Release Date: 17/07/2017 15:00
Code(s): NEP ROC NRP
 
Wrap Text
Results of Shareholder Elections and Delisting of both NEPI and Rockcastle

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 BVB share code: NEP
ISIN: IM00B23XCH02
(“NEPI”)

ROCKCASTLE GLOBAL REAL ESTATE
COMPANY LIMITED
Incorporated in the Republic of Mauritius
Registration number: 108869 C1/GBL
JSE share code: ROC
SEM share code: ROCK.N0000
ISIN: MU0364N00003
(“Rockcastle”)

NEPI ROCKCASTLE PLC
Incorporated and registered in the Isle of Man with
registered number 014178V
JSE share code: NRP
Euronext share code: NRP
ISIN: IM00BDD7WV31
(“NEPI Rockcastle”)


RESULTS OF SHAREHOLDER ELECTIONS AND DELISTING OF BOTH NEPI AND ROCKCASTLE


Pursuant to the merger of New Europe Property Investments plc (“NEPI”) and Rockcastle Global Real Estate
Company Limited (“Rockcastle”), shareholders of each company were afforded the opportunity to receive rights to
NEPI Rockcastle shares determined based on a swap ratio of 1 NEPI share for every 4.7 Rockcastle shares either:

        1.1. pursuant to a distribution in specie made as a return of capital (“as a return of capital”);

        1.2. pursuant to a distribution in specie declared as a dividend (“as a dividend”); or

        1.3. in the case of NEPI only, in settlement of the consideration for the repurchase by NEPI of all the NEPI
             shares held by the relevant shareholder, but only if the shareholder has not elected to receive the
             distribution in specie declared as a dividend (“NEPI repurchase”).

Shareholders holding 14% of NEPI’s issued share capital elected to receive their rights to NEPI Rockcastle shares as a
dividend, with shareholders holding 18% of NEPI’s issued share capital electing to receive their rights to NEPI
Rockcastle shares pursuant to the NEPI repurchase. Those shareholders who took no action (being shareholders
holding 68% of NEPI’s issued share capital) will by default receive their rights to NEPI Rockcastle shares as a return
of capital.

Shareholders holding 78% of Rockcastle’s issued share capital elected to receive their rights to NEPI Rockcastle
shares as a return of capital. Those shareholders who took no action (being shareholders holding 22% of Rockcastle’s
issued share capital) will receive their rights to NEPI Rockcastle shares as a dividend.

NEPI and Rockcastle have both been able to accommodate all shareholder elections and shareholders will receive their
rights to NEPI Rockcastle shares in accordance with their election. Following their listing on the JSE Limited (“JSE”)
and Euronext Amsterdam on Wednesday, 12 July 2017, 538 953 794 NEPI Rockcastle shares will be issued today,
17 July 2017.

NEPI will be delisted from the JSE and Bucharest Stock Exchange, and Rockcastle will be delisted from the JSE and
Mauritius Stock Exchange Ltd, at the commencement of trade on Tuesday, 18 July 2017.
For further information please contact:

JSE sponsor
Java Capital
Andrew Brooking                                                    +27 11 722 3052

The boards of directors of NEPI, Rockcastle and NEPI Rockcastle accept full responsibility for the accuracy of the
information contained in this announcement.

17 July 2017

JSE sponsor
Java Capital

Date: 17/07/2017 03:00:00 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.

Email this JSE Sens Item to a Friend.

Share This Story