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New Europe Property Investments PLC (NEPI.L)

NEPI.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

New Europe Property Investments raises 1 bln rand via placing
Wednesday, 1 Mar 2017 07:40am EST 

New Europe Property Investments Plc : Results of the accelerated book build, issue of equity and total voting rights . Book was oversubscribed . Amount of capital to be raised was increased to 1 billion rand (approximately 72 million euros) . New shares have been priced at 146.00 rand per share, a 1.15 pct discount to closing price on Feb. 28, 2017 .A total of 6,849,315 new NEPI shares are expected to be issued and list on March 9, 2017.  Full Article

New Europe Property Investments announces equity raising of ZAR500 mln via share issue
Wednesday, 1 Mar 2017 02:03am EST 

New Europe Property Investments Plc : Announces an equity raising of approximately ZAR500 million through issue of new ordinary shares . Vendor consideration placing will be utilised partly to refinance acquisition of arena centar, announced on 7 no . Book build opens at 0900 (south african time) and co reserves right to close it at any time thereafter . Pricing and allocations will be announced as soon as practical following closing of book build .Java capital is acting as sole bookrunner for equity raise..  Full Article

New Europe Property Investments says NEPI and Rockcastle to merge
Wednesday, 14 Dec 2016 03:00am EST 

New Europe Property Investments Plc : Merger of NEPI and Rockcastle and withdrawal of joint cautionary announcement . Merged entity is expected to become largest listed real estate player in CEE . NEPI and Rockcastle are pleased to announce conclusion on Dec.13 2016 of a framework agreement .Transactions to be implemented with reference to an effective share swap ratio of 4.5 existing Rockcastle shares for every 1 existing NEPI share.  Full Article

New Europe Property says distributable EPS for 9-mnths to Sept.30 up 10.7 pct
Monday, 14 Nov 2016 06:16am EST 

New Europe Property Investments Plc : Unaudited condensed consolidated financial results for the nine months ended Sept. 30 2016 . 29.28 euro cents in distributable earnings per share for first nine months of 2016 . This represents 10.7 pct increase compared to 26.45 euro cents recurring distributable earnings reported for first nine months of 2015 .Distributable earnings per share for 2016 projected to be about 15 pct higher compared to recurring distributable earnings for 2015.  Full Article

New Europe Property says capital raise increased to 2.5 bln rand
Wednesday, 13 Jul 2016 11:10am EDT 

New Europe Property Investments Plc : Amount of capital to be raised was increased to 2.5 bln rand . A total of 16.13 mln new NEPI shares are expected to be issued and list on July 18 2016 .New NEPI shares to be issued pursuant to book build process conducted on JSE have been priced at 155 rand per share.  Full Article

New Europe Property Investments Plc announces results of distribution election issue of new shares
Friday, 18 Mar 2016 03:00am EDT 

New Europe Property Investments Plc (NEPI):Announces details in respect of election by shareholders to receive either a cash dividend of 17.17 euro cents per share (294.72477 rand cents per share) or a return of capital by way of an issue of 1.83 new NEPI shares for every 100 NEPI shares held, in respect of the year ended Dec. 31, 2015.Says that following completion of the election, the company hereby announces that in respect of the return of capital, a total of 4,123,589 new NEPI shares will be issued on market as listed shares on March 22, on the JSE, the AIM Market of the London Stock Exchange and the Bucharest Stock Exchange.Says the new NEPI shares will rank in every respect with existing listed shares of the company and are fully fungible with effect from the date of listing.Says that following the issue of the new NEPI shares, the total issued share capital of the company will increase to 302,714,153 ordinary shares with a par value of 0.01 euros per share.Says the total number of voting rights in NEPI will be 302,714,153 with effect from March 22, which may be used by shareholders as denominator for calculations by which they will determine if they are required to notify their interest in NEPI.Says that certificated shareholders who elected to receive the new NEPI shares should note that share certificates will be posted to shareholders on March 22.  Full Article

New Europe Property Investments Plc announces further details regarding distribution per share or return of capital by way of issue of new shares
Friday, 26 Feb 2016 04:00am EST 

New Europe Property Investments Plc (NEPI):Informs in respect of an election to receive either a cash dividend or a return of capital and updates in respect of the distribution for the six months ended Dec. 31, 2015.Says the reference price is 161.12141 rands (reference price), being a five percent discount to the five-day volume weighted average traded price (less distribution) of NEPI shares on the Johannesburg stock exchange as at Feb. 25.Says that for NEPI shares on the United Kingdom and Romanian registers, the reference price is 9.38657 euros (being the reference price of 161.12141 rands converted to euros at the rand exchange rate of 1.00 euro : 17.16510 rands.Says that shareholders electing to receive the return of capital will receive 1.83 new NEPI shares for every 100 NEPI shares held by such shareholders on the record date of March 11, representing the ratio that the cash dividend bears to the reference price.Says that if no shareholders were to elect to receive the return of capital, the value of the dividends would amount to 51,268,000 euros.Says that should all shareholders elect to receive the return of capital, the maximum total number of new NEPI shares to be issued by NEPI pursuant to the return of capital will be 5,464,207.  Full Article

New Europe Property Investments Plc announces update in respect of distribution for six months ended Dec. 31, 2015
Friday, 19 Feb 2016 05:00am EST 

New Europe Property Investments Plc:Says that shareholders on the South African share register will receive their cash dividend in South African rand converted from euro at an exchange rate of 1.00 euro : 17.16510 rands.Says that accordingly, the cash dividend of 17.17 euro cents per share will be equal to 294.72477 rand cents per share.Says the dividend tax is only of direct application to shareholders on the South African share register.Says the gross local dividend amount is 294.72477 rand cents per share for shareholders exempt from paying South African dividends tax.Says the net local divided amount is 250.51605 rand cents per share for shareholders liable to pay the dividends tax rate of 15 percent.Says there is no withholding tax payable in the Isle of Man.  Full Article

New Europe Property Investments Plc announces distribution per share for six months ended Dec. 31, 2015 or return of capital by way of issue of new shares
Friday, 19 Feb 2016 02:00am EST 

New Europe Property Investments Plc (NEPI):Says it declared a final distribution of 17.17 euro cents per share in respect of the six months ended Dec. 31, 2015, which combined with the distributable earnings for the first half of the financial year, results in a 35.34 euro cents per share distribution for 2015.Says that the board resolved to offer shareholders the election to receive a return of capital by way of an issue of new NEPI shares (return of capital) or a cash dividend.Says the cash dividend will be paid to shareholders unless a shareholder elects to receive a return of capital.Says the number of new NEPI shares to which a shareholder is entitled in terms of the return of capital will be determined with reference to the ratio that the cash dividend of 17.17 euro cents per share bears to the reference price.Says the reference price is up to a five percent discount to the five-day volume weighted average traded price of NEPI shares on the Johannesburg stock exchange, to be announced on or before Feb. 26.Says the rationale for the return of capital is to afford shareholders the opportunity to increase their shareholding in NEPI and to retain flexibility with regard to the company’s cash resources.Says the cash dividend will be paid out of the company’s distributable profits.Says the new NEPI shares to be issued pursuant to the return of capital are funded by way of a reduction of part of the company’s share premium account.  Full Article

New Europe Property Investments Plc prices 400 million euros unsecured corporate bond
Tuesday, 24 Nov 2015 02:43am EST 

New Europe Property Investments Plc (NEPI):Says that NEPI’s wholly owned subsidiary, NE Property Cooperatief UA (NEPC), closed the book build referred to in the announcement released on Nov. 23.Says NEPC has priced a 400 million euros unsecured 5.25 year Eurobond maturing on Feb. 26, 2021 (the Bond), carrying a 3.750 percent fixed coupon, with an issue price of 99.597 percent.Says Moody's Investors Service has assigned the Bond a provisional Baa3 rating (stable outlook) and Standard & Poor's has assigned a preliminary BBB- rating, both in line with NEPI’s corporate rating.Says the Bond has been placed with a broad range of institutional debt investors across Europe.Says the net proceeds will be used to refinance part of the existing secured and unsecured debt and for general corporate purposes including acquisitions, as and when identified.  Full Article

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BRIEF-New Europe Property Investments announces equity raising of ZAR500 mln via share issue

* Announces an equity raising of approximately ZAR500 million through issue of new ordinary shares