As a reason to delist the company cites the low level of trading in their shares on the London market while 99 pct of the company’s issued share capital has been placed on the Johannesburg Stock Exchange.
The company regards the costs in terms of compliance and managerial time to outweigh the benefits of a London listing.
All trading in NEPI shares will cease on the AIM market on 10 October 2016.
“In order for UK Shareholders to be able to trade their NEPI Shares on the JSE or the BVB following Delisting, they will need to follow the procedures outlined below to transfer their NEPI Shares to either (i) the South African Register for trading on the JSE or (ii) to the Romanian Central Depository Account for trading on the BVB.
UK Shareholders should note that if they take no action and do not transfer their NEPI Shares from the UK Register to either the South African Register for trading on the JSE or to the Romanian Central Depository Account for trading on the BVB then, following Delisting, they will be unable to trade their NEPI Shares”, the company’s release explains.
NEPI owns retail properties across Romania, Slovakia and the Czech Republic, as well as office properties in Romania and Slovakia. (source: eurobuildcee.com)