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Epp NV (EPPJ.J)

EPPJ.J on Johannesburg Stock Exchange

748.00ZAc
8:30pm IST
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69.00 (+10.16%)
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Volume
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570,744
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Latest Key Developments (Source: Significant Developments)

EPP NV Says Closing Of Purchase Of Tranche 3 Of Metro Portfolio Extended To No Later Than June 2021
Tuesday, 20 Oct 2020 

Oct 20 (Reuters) - Epp NV ::EPP NV - CLOSING OF PURCHASE OF TRANCHE 3 OF METRO PORTFOLIO HAS NOW BEEN EXTENDED TO NO LATER THAN JUNE 2021.EPP NV - AGGREGATE PURCHASE CONSIDERATION FOR TRANCHE 3 OF METRO PORTFOLIO HAS BEEN REDUCED TO EUR 106 MILLION.EPP NV - ACQUISITION OF TRANCHE 3 OF METRO PORTFOLIO WILL BE FUNDED FROM AVAILABLE CASH RESERVES AND NEW DEBT FUNDING.  Full Article

EPP NV HY HEPS 6.9 Eur Cents Per Share
Tuesday, 29 Sep 2020 

Sept 29 (Reuters) - Epp NV ::EPP NV - HY DISTRIBUTABLE EARNINGS PER SHARE AMOUNTED TO 2.38 CENTS WHICH IS IN LINE WITH GUIDANCE PROVIDED IN JUNE 2020..EPP NV - TENANT SALES WERE AT 82% OF 2019 LEVELS AS OF JUNE 2020 AND HAS INCREASED TO 93% AS OF JULY 2020.EPP NV - CONFIDENT THAT EPP WILL DELIVER ON ITS FULL YEAR EARNINGS GUIDANCE OF BETWEEN EUR4 AND EUR5 CENTS PER SHARE FOR YEAR.EPP NV - HY HEPS 6.9 EUR CENTS PER SHARE.EPP NV - IS IN A POSITION TO REVISE ITS FULL YEAR EARNINGS GUIDANCE TO BETWEEN EUR4.75 AND EUR5.25 CENTS PER SHARE FOR YEAR ENDED 31 DECEMBER 2020.EPP NV - ELECTED NOT TO DISTRIBUTE A DIVIDEND FOR FIRST HALF OF YEAR TO JUNE 2020.EPP NV - WILL ASSESS PAYMENT OF A SECOND HALF DIVIDEND TO DECEMBER 2020 WHEN FINALISING ITS FULL YEAR RESULTS.  Full Article

Epp NV Sees FY Earnings Between 4 Euro CPS and 5 Euro CPS
Monday, 29 Jun 2020 

June 29 (Reuters) - Epp NV ::EPP NV - COMPANY'S LIQUIDITY, BOLSTERED BY RETENTION OF SECOND HALF 2019 DIVIDEND, IS STRONG AND STABLE.EPP NV - EPP HAS DRAWN DOWN A FURTHER EUR 95 MILLION ON ITS CORPORATE CREDIT FACILITY.EPP NV - HAD AVAILABLE CASH RESERVES OF EUR 170 MILLION AS AT 31 MAY 2020..EPP NV - FULL YEAR EARNINGS ARE EXPECTED TO BE BETWEEN 4 AND 5 EURO CENTS PER SHARE FOR YEAR ENDED 31 DECEMBER 2020.EPP NV - ACTIVELY BEEN COMMUNICATING WITH ALL OF ITS LENDERS SINCE OUTBREAK OF PANDEMIC.EPP NV - RESULTS OF TALKS CONSTRUCTIVE WITH MAJORITY OF LENDING INSTITUTIONS AGREEING TO A TEMPORARY WAIVER OF CAPITAL AMORTISATION FOR YEAR..  Full Article

Epp NV Says To Revoke Declaration Of Dividend
Monday, 25 May 2020 

May 25 (Reuters) - Epp NV ::JSE: EPP - COVID-19 UPDATE AND REVOCATION OF THE CASH DIVIDEND FOR THE SIX MONTHS ENDED 31 DECEMBER 2019.EPP NV - TO REVOKE DECLARATION OF DIVIDEND..EPP NV - NO DISTRIBUTION TO SHAREHOLDERS WILL BE PAID FOR SIX-MONTH PERIOD ENDED 31 DECEMBER 2019.  Full Article

EPP Says Tensai Property Services Stake Increased From 0.63% To 7.68%
Tuesday, 7 May 2019 

May 7 (Reuters) - Epp NV ::NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SHARES.TENSAI PROPERTY SERVICES STAKE INCREASED FROM 0.63% TO 7.68% OF EPP'S TOTAL ISSUED SHARES.  Full Article

EPP - Results Of Accelerated Bookbuild
Wednesday, 24 Apr 2019 

April 24 (Reuters) - EPP NV ::EPP - RESULTS OF ACCELERATED BOOKBUILD.EPP NV - ZAR 1 450 MILLION WAS RAISED THROUGH PLACING OF 77 956 989 NEW SHARES AT A PRICE OF R18.60 PER SHARE ON SOUTH AFRICAN REGISTER.  Full Article

EPP Says Increase In Amount Of Equity Capital Raising By Accelerated Book Build
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Epp NV ::INCREASE IN AMOUNT OF EQUITY CAPITAL RAISING BY ACCELERATED BOOK BUILD.CONFIRMS THAT IT HAS INCREASED EQUITY AMOUNT TARGETED TO APPROXIMATELY ZAR1 400 MILLION.JAVA CAPITAL IS ACTING AS SOLE BOOKRUNNER..  Full Article

EPP NV Announces Equity Raise Targeting About Zar 1 200 Mln Through Issue Of New Ordinary Shares
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Epp NV ::ACCELARATED BOOKBUILD.EQUITY RAISE TARGETING APPROXIMATELY ZAR 1 200 MILLION THROUGH ISSUE OF NEW ORDINARY SHARES.EQUITY RAISE WILL BE OFFERED TO QUALIFYING INVESTORS THROUGH AN ACCELERATED BOOKBUILD PROCESS CONDUCTED ON JSE AND LUXSE.EQUITY RAISE IS BEING UNDERTAKEN IN PART TO FACILITATE INTRODUCTION OF A SIGNIFICANT NEW EQUITY INVESTOR.SIGNIFICANT NEW EQUITY INVESTOR HAS COMMITTED TO INVESTING, THROUGH ITS PARTICIPATION IN BOOKBUILD, AT LEAST EUR 75 MILLION INTO EPP.  Full Article

EPP Says Andrew König To Retire As Director At Conclusion Of AGM
Thursday, 7 Mar 2019 

March 7 (Reuters) - Epp NV ::JSE: EPP - CHANGE TO THE BOARD OF DIRECTORS.EPP NV - ANDREW KÖNIG WILL NOT STAND FOR RE-ELECTION NEXT ANNUAL GENERAL MEETING WHICH IS EXPECTED TO BE HELD DURING JUNE 2019.EPP NV - KÖNIG WILL RETIRE AS A DIRECTOR AT CONCLUSION OF ANNUAL GENERAL MEETING.EPP NV - BOARD HAS NOMINATED PIETER PRINSLOO FOR APPOINTMENT AS NON-EXECUTIVE DIRECTOR OF EPP IN PLACE OF ANDREW KÖNIG.  Full Article

EPP N.V. FY NAV Per Share Up 2.4 Pct To Eur 1.35
Thursday, 7 Mar 2019 

March 7 (Reuters) - Epp NV ::SUMMARISED CONSOLIDATED FINANCIAL RESULTS FOR THE 12 MONTHS ENDED 31 DECEMBER 2018.FY NAV PER SHARE UP 2.4% TO EUR1.35 (2017: EUR1.32).FY LOAN-TO-VALUE ("LTV") OF 51.9% (2017: 47.4%).FY RENTAL INCOME AND RECOVERIES 157.5 MILLION EUROS VERSUS 151.7 MILLION EUROS.FY BASIC AND DILUTED EARNINGS, ON PROFIT FOR PERIOD 15.4 EURO CENTS.CORE PORTFOLIO EXPECTED TO PERFORM WELL, NET OPERATING INCOME EXPECTED TO GROW 2% TO 3% FOR FY 2019 ON LIKE FOR LIKE BASIS.COMPANY'S LTV, GROWTH IN DISTRIBUTIONS PER SHARE IS EXPECTED TO BE FLAT OR BETTER FOR FY 2019.  Full Article