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New Europe Property plans EUR100m rights offer

Posted On Thursday, 13 June 2013 11:50 Published by eProp Commercial Property News
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New Europe Property is to undertake a rights offer to raise about EUR100m.

Martin Slabbert Nepi

The proceeds from the rights offer are expected to be used to fund potential acquisitions which NEPI is in the process of negotiating.

NEPI shareholders will be offered a total of 20.833 million new NEPI shares at the subscription price of EUR4.80 per rights offer share and in the ratio of 13.07987 new NEPI shares for every 100 ordinary shares held by them on Friday‚ 5 July 2013 for shareholders on either the South African share register or the UK share register‚ or 13.07987 pre-emptive rights for every 100 NEPI shares held on Friday‚ 28 June 2013 for shareholders registered in Romania.

For shareholders on the SA share register‚ the rand equivalent subscription price will be announced on or before 21 June 2013‚ it said.

Last modified on Thursday, 17 April 2014 13:55

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