NEPI shareholders to choose between dividends and shares

South-African real estate investment fund New Europe Property Investments (NEPI) has proposed its shareholders dividends worth EUR 48.24 million or granting new shares. A share is valued at EUR 0.17, up 17% over the dividend offered in the first semester of the last year, when one share was worth EUR 0.14. Shareholders will receive the dividends in cash, except for those that opt for the repayment of capital. The company implements capital repayment to offer shareholders the possibility to increase their shares in NEPI and also to maintain a flexibility on the company’s cash resources. NEPI owns projects such as the Promenada Mall Bucharest, Ploiesti Shopping City, Retail Park Auchan Pitesti, Floreasca Business Park, the Lakeview office building in Bucharest or the City Business Centre in Timisoara. editor@romania-insider.com