TIDMNEPI
RNS Number : 0529E
New Europe Property Investments PLC
13 July 2016
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")
ACCELERATED BOOK BUILD
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 in a closed period pending release of its interim
results for the half year ended 30 June 2016 on 10 August 2016. In
the meantime, NEPI confirms that the earnings guidance for the
current financial year, issued on 9 February 2016, remains
unchanged.
NEPI announces an equity raising of approximately ZAR1 billion
(equivalent to approximately EUR63 million) through the issue of
new ordinary shares (the "equity raise"). The equity raise is
subject to pricing acceptable to NEPI and will be completed as part
of a vendor consideration placing (as defined under paragraph 5.62
of the JSE Listings Requirements) and, to the extent 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.
The vendor consideration placing will be utilised to refinance
the acquisition of the Forum Ústí nad Labem shopping centre (Czech
Republic), announced on 13 April 2016.
The equity raise will be offered to qualifying investors through
an accelerated book build process (the "book build") conducted on
the JSE. All public and non-public investors (as defined under
paragraphs 4.25 - 4.26 of the JSE Listings Requirements) may
participate in the vendor consideration placing and only public
investors may participate in the equity raise under the Company's
general authority. The equity raise is not an offer to the public
as contemplated under the South African Companies Act, No.71 of
2008, as amended.
The book build opens at 10h30 (South African time) on 13 July
2016, and the Company reserves the right to close it at any time
thereafter. Pricing and allocations will be announced as soon as
practical following the closing of the book build.
NEPI reserves the right to increase the size of the equity raise
subject to demand.
Macquarie Capital South Africa and Java Capital are acting as
joint bookrunners and joint lead managers for the equity raise.
13 July 2016
Joint Bookrunner and Joint Lead Manager
Macquarie Capital South Africa Proprietary Limited
Tel: +27 11 583 2000
E-mail: maccapadvecmjo'burg@macquarie.com
Joint Bookrunner, Joint Lead Manager and JSE Sponsor
Java Capital Proprietary Limited
Tel: +27 11 722 3054
E-mail: NEPI@javacapital.co.za
South African legal counsel to the Joint Bookrunners and Joint
Lead Managers
Edward Nathan Sonnenbergs Inc.
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 Proprietary Limited (Joint Bookrunner and
Joint Lead Manager), Java Capital (Joint Bookrunner, Joint Lead
Manager and JSE Sponsor), Smith & Williamson Corporate Finance
Limited (AIM Nominated adviser and broker ) or SSIF Intercapital
Invest SA (BVB 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 2015 Annual Report hosted at www.nepinvest.com and
subsequent announcements.
Additional contact details:
New Europe Property Investments plc
Mirela Covasa +40721 371 100
AIM Nominated Adviser and Broker
Smith & Williamson Corporate Finance Limited
Azhic Basirov +44 20 7131 4000
BVB advisor
SSIF Intercapital Invest SA
Razvan Pasol +40 21 222 8731
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUOUWRNWABARR
(END) Dow Jones Newswires
July 13, 2016 04:31 ET (08:31 GMT)
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