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NEPI ROCKCASTLE PLC - Closure of FSCA investigations

Release Date: 13/06/2019 16:00
Code(s): NRP     PDF:  
Wrap Text
Closure of FSCA investigations

NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
JSE and Euronext share code: NRP
("NEPI Rockcastle" or "the Company")


The Company is pleased to inform stakeholders that the Financial Services Conduct Authority in South Africa
(the "FSCA") has closed the last pending investigation related to trading in shares of NEPI Rockcastle
("prohibited trading").

The FSCA has decided that based on evidence obtained there is no substance in the allegations made that
directors, related parties and other parties believed to be related to NEPI Rockcastle or to Resilient REIT
Limited, Fortress REIT Limited and Lighthouse Capital, were supporting the Company's share price during
the period under investigation. Furthermore, the FSCA concluded that the share trades completed on the
Company by the alleged related parties' accounts did not contravene section 80 of the Financial Markets Act
19 of 2012 relating to prohibited trading practices (price manipulation).

Following this closure, NEPI Rockcastle is no longer involved in any investigation conducted by the FSCA.

"We welcome the FSCA's announcement and the conclusion of this remaining investigation. Although this
was not an investigation in the Company's affairs (as the Company hadn't traded in its own shares), its closure
reconfirms our position towards this matter. NEPI Rockcastle adheres to best practice in corporate
governance. The conclusion of this matter allows us to continue to focus on our core business and generating
long-term value for all our stakeholders." – Alex Morar, CEO

For further information please contact:

NEPI Rockcastle plc
Alex Morar                                                      +40 21 232 1398

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13 June 2019

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