New Europe Property Investments plc (NEPI) is a commercial property company listed on the Main Board of the Johannesburg Stock Exchange. The investment portfolio is currently focused on Romania.
Subject to pricing acceptable to NEPI, New Europe Property Investments plc proposes an equity raise of about R500 million through the issue of new shares under its general authority to issue shares for cash, as approved by shareholders at the annual general meeting held on 26 April 2012.
The equity raise will be offered to selected investors through an accelerated book build process and is subject to a minimum application of R1 million per investor.
The book build opens at 09h00 (South African time) on Monday, 15 April 2013 and may close at any time thereafter. Given that the shares will be issued under NEPI’s general authority, the accelerated book build is only open to public shareholders as defined in the JSE Listings Requirements.
Java Capital is acting as sole bookrunner.