NEPI Rockcastle plans to redomicile

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NEPI Rockcastle plans to redomicile

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Published Date: 2021-05-10 | Source: Stephen Gunnion | Author: Stephen Gunnion

NEPI Rockcastle plans to redomicile

The Central and Eastern Europe shopping centre owner says the shift to Malta would establish a more efficient corporate structure closer to its properties.

NEPI Rockcastle says it's considering a potential redomicile from Isle of Man to Malta to bring it closer to its property base.

The Central and Eastern Europe (CEE) shopping centre owner said the shift was part of its strategic focus on enhancing the long-term sustainability of its business.

The company said Malta had an EU-compliant legislative and regulatory framework and had relatively low establishment and operating costs. Redomiciling in Malta would also establish a more efficient corporate structure closer to its CEE properties, and to its European and SA stakeholders. The potential redomicile to Malta was not anticipated to impact trading in its shares on the JSE, Euronext Amsterdam and A2X Markets.

The company's shares closed 1.3% higher at R97.16 on Friday.





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