The fund said Tuesday it has issued a total of 2,329,000 new ordinary shares in the company at a price of EUR4.89 per share within its share purchase scheme.
“Application has been made to the JSE (the stock market in Johannesburg, e.n.) and the London Stock Exchange and will be made to the Bucharest Stock Exchange (BVB) for the Scheme Shares issued under The NEPI Share Purchase Scheme to be admitted to trading on the JSE, AIM and the BVB which is expected to take place on 19 August 2013,” NEPI said in a statement.
NEPI is the first property fund listed on the Bucharest Stock Exchange, on a dedicated segment for real estate investment trusts (REITs). The fund is also listed in Johannesburg and London.
The fund’s profit attributable to shareholders amounted to EUR21.7 million in the first half of 2013, up 51% on the year.
NEPI last traded in Bucharest on August 5 at a price of 30.4 lei (EUR6.8) a share. (EUR1=RON4.425).