To view the PDF file, sign up for a MySharenet subscription.

ECHO POLSKA PROPERTIES N.V. - Acquisition of a Polish Retail Property Portfolio and Listing of Shares

Release Date: 04/01/2018 13:15
Code(s): EPP     PDF:  
Wrap Text
Acquisition of a Polish Retail Property Portfolio and Listing of Shares

ECHO POLSKA PROPERTIES N.V.
(Incorporated in The Netherlands)
(Company number 64965945)
JSE share code: EPP
ISIN: NL0011983374
LEI Code: 7245003P7O9N5BN8C098
(“EPP”)


ACQUISITION OF A POLISH RETAIL PROPERTY PORTFOLIO AND LISTING OF SHARES


Shareholders are referred to the announcements issued by EPP on 11 October 2017 and 1 December 2017 wherein
shareholders were advised that EPP had reached an agreement to acquire a portfolio of retail properties for a combined
consideration that values the portfolio at EUR 692.1 million (collectively, the “Transaction”), which Transaction is to
occur in three separate tranches.

EPP advises that all outstanding conditions precedent in respect of the first tranche of the Transaction, comprising the
acquisition of a portfolio of 4 properties with an aggregate GLA of 194 400 m2 for an aggregate value of EUR 358.7 million
and an aggregate purchase consideration of EUR 135.0 million (the “First Tranche Acquisition”) have now been fulfilled,
and accordingly, the First Tranche Acquisition completed on 4 January 2018.

Shareholders are advised that 88 582 677 shares have been allotted, issued and listed today on both the Euro MTF market
of the Luxembourg Stock Exchange and the Main Board of the JSE following the completion of the First Tranche Acquisition
(the “Acquisition Shares”). The Acquisition Shares will rank pari passu with the existing listed shares of EPP. Following
the issue of the Acquisition Shares, the total issued and listed share capital of EPP has increased to 793 552 887 ordinary
shares.

Hadley Dean, CEO of EPP commented on the transaction as follows: ‘Today we are delighted to announce the closing of
tranche 1 of the M1 portfolio. The acquisition takes us a significant step closer to becoming one of the leading retail
landlords in Poland. The deal also provides further scale benefits for our tenants and strengthens relationships with our
financial partners.’

4 January 2018


JSE Sponsor
Java Capital

LuxSE Listing Agent
M Partners


More information:

Magda Cieliczko, Marketing & Communications Director Echo Polska Properties
Mobile: +48 603 203 619, magda.cieliczko@echo-pp.com

Java Capital, JSE Sponsor
Phone: +27 11 722 3050

M Partners, LuxSE Listing Agent
Phone: +352 263 868 602

Singular System IR
Michèle Mackey / Jacques de Bie
+27 10 003 0700/+27 82 497 9827
michele@singular.co.za; Jdebie@singular.co.za

Date: 04/01/2018 01:15:00 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.

Share This Story