NEPI will issue 2.07 million common shares of EUR 5.74 per title within the stimulation plan through shares, according to an announcement published by Bucharest Stock Exchange, Mediafax writes. The operation will be done on Johannesburg Stock, London Stock and Bucharest Stock.

After the transaction admission, the joint stock of NEPI will increase to 225.119 million common shares with voting right.

NEPI is the first real estate investments fund listed on Bucharest Stock Exchange on the market segment created for Real Estate Investment Trusts (REITs). The fund is also listed on the stock exchanges of Johannesburg (South Africa) and London, on the AIM segment.  The company attracted in November 2013 and April 2014, through capital increase, a total of approx. EUR 130 million, used for financing projects.


NEPI reported in the first quarter a net profit of EUR 13.3 million, with 18.6 pct. bigger than the gain from the similar period of last year, of EUR 11.2 million. The revenues from rents and other exploitation revenues have doubled to EUR 19.8 million from EUR 9.9 million. In the end of March, NEPI had EUR 342 million debts, with 62 pct more than in 2013, of EUR 211 million.


The fund’s assets were estimated in the end of March to EUR 1.066 billion, up from EUR 616.26 million registered in the end of the first quarter of 2013. (sursa: