Sharenet Sites 
Sharenet Sites
Disposal of listed securities portfolio and use of proceeds for general repurchase of shares
NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
Share code: NRP
ISIN: IM00BDD7WV31
(“NEPI Rockcastle” or the “Company”)
DISPOSAL OF LISTED SECURITIES PORTFOLIO AND USE OF PROCEEDS FOR GENERAL REPURCHASE OF SHARES
The Company previously announced its strategy of disposing of its listed securities portfolio and a significant portion
has been sold during the last three years. As at 30 September, the listed securities portfolio consisted of 1,202,008
Unibail Rodamco Westfield (“URW”) shares. The €25 million net loan facility associated with the URW shares had
been repaid in August, using part of the proceeds from the Romanian office sale transaction.
Given the recent improvement in the URW share price, the Board has decided in November that NEPI Rockcastle would
dispose of the remaining listed securities portfolio and use the proceeds to repurchase NEPI Rockcastle shares (the
“Transaction”), followed by their cancellation. The repurchase is pursuant to the general authority granted by
shareholders at the Company’s annual general meeting held on 20 August and in line with the intention announced in
the Business Update published on 19 November.
The Transaction was executed between 23 November and 4 December and amounts to approximately €75 million. The
Transaction is estimated to be accretive in terms of EPRA Net Reinstatement Value per share from 2020, and in terms
of Distributable Earnings per share and EPRA Earnings per share mostly starting 2021 (given the antecedent dividend
adjustments for 2020 and the limited time period until year-end).
NEPI Rockcastle repurchased 17,717,760 own shares, representing 2.95% of the Company’s issued share capital.
Application for the delisting of the repurchased shares will be made in due course and no shares will be held as treasury
shares. Following the completion of the Transaction, the remaining general authority to repurchase shares (as granted at
the annual general meeting held on 20 August) is 102,466,467 ordinary shares, representing 17.05% of the total issued
share capital of NEPI Rockcastle at the time the general authority was granted. The repurchase was conducted outside
of closed periods and in accordance with the JSE Listings Requirements.
For further information please contact:
NEPI Rockcastle plc
Alex Morar/Mirela Covasa +40 21 232 1398
JSE sponsor
Java Capital +27 11 722 3050
Euronext Listing Agent
ING Bank +31 20 563 6685
Media Relations mediarelations@nepirockcastle.com
7 December 2020
Date: 07-12-2020 02:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
