Disposal of shares in NEPI Rockcastle
Disposal of shares in NEPI Rockcastle RESILIENT REIT LIMITED Incorporated in the Republic of South Africa Registration number: 2002/016851/06 JSE share code: RES ISIN: ZAE000209557 Bond company code: BIRPIF LEI: 378900F37FF47D486C58 (Approved as a REIT by the JSE) (“Resilient” or “the Company”) DISPOSAL OF SHARES IN NEPI ROCKCASTLE Shareholders and noteholders are referred to Resilient’s interim results for the six months ended 31 December 2020 released on SENS on 23 March 2021 wherein shareholders and noteholders were advised that Resilient had disposed of 9 323 943 shares in NEPI Rockcastle plc (“NEPI Rockcastle”) for c.R818 million since the previous category 2 announcement of 22 May 2020 relating to Resilient’s participation in the equity raise of Lighthouse Capital Limited (“the May announcement”). Resilient has sold a further 3 661 295 NEPI Rockcastle shares on-market. Since the May announcement, Resilient has sold 12 985 238 NEPI Rockcastle shares for an aggregate consideration of c.R1,17 billion (the “disposals”). Resilient’s policy is to hold sufficient interest in investments to provide it with significant influence over the companies in which it is invested. The proceeds of the disposals have been used to reduce Resilient’s existing debt. Additional required information NEPI Rockcastle is the owner and operator of shopping centres in Central and Eastern Europe, with a presence in nine countries. NEPI Rockcastle’s shares are listed on the JSE, Euronext Amsterdam and A2X. The following profitability metrics are attributable to NEPI Rockcastle for the year ended 31 December 2020: Euro cents Distributable earnings per share 38,42 Basic/diluted loss per share (27,99) Headline earnings per share 18,12 Categorisation of the disposals The disposals, when aggregated since the May announcement are classified as a category 2 transaction in terms of the JSE Listings Requirements, and as such are not subject to shareholder approval. 19 May 2021 Sponsor Java Capital Date: 19-05-2021 05:35:00 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.