“NEPI closed its ABB offer announced today August 4, 2014. Due to strong demand, the equity raise was done for ZAR 1.4 billion (approx. EUR 100 million). At this level, the offer traded on the Johannesburg Stock Market was oversubscribed. (…) On August 11, 2014, we will issue 15,041,885 new NEPI shares. After the admission, the company’s share capital will increas to 240,161,543 ordinary shares with voting rights”, according to a press release from NEPI sent to the Bucharest Stock Market.
The new NEPI shares to be issued pursuant to the book build process conducted on the JSE have been priced at ZAR 95.50 per share (EUR 6.66), a 0.65 percent discount to the 30-day volume weighted average price, and a 3.51 percent discount to the previous closing price on Friday.
As the number of NEPI shares to be issued 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. (source: business-review.eu)