Shareholders are referred to the joint cautionary announcement released by NEPI and Rockcastle on 20 October 2016, wherein shareholders were advised that the companies have entered into negotiations.
As detailed in each company’s results for the period ended 30 September 2016, discussions between NEPI and Rockcastle have progressed to a co-operative evaluation of an all-share transaction, with each party’s relative value to be expressed in a share-swap ratio, subject to all required shareholder and regulatory approvals. Various legal, regulatory and tax aspects are being analysed in several jurisdictions.
A transaction between Rockcastle and NEPI would result in a substantially enlarged market capitalisation, with all shareholders expected to benefit from enhanced liquidity. A transaction will also see the integration of two complementary management teams, positioned to unlock strategic synergies and create further value for both NEPI and Rockcastle shareholders.
Shareholders will be kept updated on progress towards finalisation of the details of a transaction. Pending further announcements, both NEPI and Rockcastle shareholders are advised to continue to exercise caution when dealing in their shares.
NEPI has its primary listings on the Johannesburg Stock Exchange and the Bucharest Stock Exchange. Rockcastle has its primary listings on the Johannesburg Stock Exchange and the Stock Exchange of Mauritius Ltd.
If you are a NEPI shareholder, for further information please contact:
Corporate advisor and JSE sponsor Java Capital
Andrew Brooking +27 11 722 3052
Romanian advisor SSIF Intercapital Invest SA
Razvan Pasol +40 21 222 8731
If you are a Rockcastle shareholder, for further information please contact:
Corporate advisor and JSE sponsor Java Capital
Andrew Brooking +27 11 722 3052
SEM authorised representative and sponsor
Perigeum Capital Ltd Kesaven Moothoosamy
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