23 Aug - 2 min read

Further disposal of shares in NEPI Rockcastle

Further 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”)


FURTHER DISPOSAL OF SHARES IN NEPI ROCKCASTLE


Shareholders and noteholders are referred to the announcement released on SENS on 19 May 2021 regarding the
disposal of 12 985 238 shares in NEPI Rockcastle plc (“NEPI Rockcastle”) by Resilient prior to 19 May 2021. Resilient
has sold a further 11 976 247 NEPI Rockcastle shares for an aggregate consideration of c.R1,199 billion (the “latest
disposals”) to date.

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 latest disposals were effected in line with this policy. The proceeds of the latest 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 six months ended 30 June 2021:

                                                                            Euro cents
 Distributable earnings per share                                                17,64
 Basic/diluted earnings per share                                                19,96
 Headline/diluted headline earnings per share                                    16,43

Categorisation of the disposals

The latest disposals of NEPI Rockcastle shares, when aggregated with previous disposals of NEPI Rockcastle shares
for a period of 12 months prior to the latest disposal, are classified as a category 2 transaction in terms of the JSE Listings
Requirements and as such are not subject to shareholder approval.

23 August 2021


Sponsor
Java Capital

Date: 23-08-2021 12:55:00
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.
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from Resilient REIT Limited (JSE:RES) when you join Listcorp.