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 pleased to announce that it has closed its book build announced earlier today, 8 April 2014. In light of strong demand, the amount of capital to be raised was increased to ZAR1.16 billion (approximately EUR80 million). At this level, the book was significantly oversubscribed. The new NEPI shares to be issued pursuant to the book build process have been priced at ZAR83.50 per share, a 2.1% discount to the 30-day volume weighted average price and a 5.2% discount to the previous closing price as at Monday, 7 April 2014. The book build was not open to investors in Romania.
A total of 13,848,743 new NEPI shares are expected to be issued and list on Thursday, 17 April 2014. As the number of NEPI shares to be issued in terms of the book build is in excess of 5% of the number of NEPI shares in issue prior to the book build, in terms of the JSE Listings Requirements, a further announcement will be made setting out the pro forma financial effects of the book build.
Java Capital is acting as the sole bookrunner.
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