Page 138 - SHB 2020 Issue 1

JSE – EPP Profile’s Stock Exchange Handbook: 2020 – Issue 1
CAPITAL STRUCTURE AUTHORISED ISSUED
EPP N.V. EPP Ords of EUR 0.81 ea 2 572 645 659 907 946 792
EPP
DISTRIBUTIONS [EURc]
Ords of EUR 0.81 ea Ldt Pay Amt
Interim No 6 1 Oct 19 7 Oct 19 5.80
Final No 5 2 Apr 19 8 Apr 19 5.78
Interim No 4 2 Oct 18 8 Oct 18 5.82
Final No 3 10 Apr 18 16 Apr 18 5.68
LIQUIDITY: Nov19 Ave 3m shares p.w., R68.7m(19.5% p.a.)
J863 40 Week MA EPP
ISIN: NL0011983374 SHORT: EPP CODE: EPP
REG NO: 64965945 FOUNDED: 2016 LISTED: 2016
2548
NATURE OF BUSINESS:
EPP is a real estate in vest ment company on the JSE and LuxSE and 2275
is one of the leading owners of retail space in Poland. Its quality
2001
retail portfolio is com ple mented by high quality offices located in
regional across Poland. The company currently operates a 1728
portfolio of 24 retail shopping centres and 6 offices located across
1454
the majority of the regional and major cities in Poland. EPP’s goal 2017 | 2018 | 2019
is to deliver con sis tent returns to its share hold ers.
Recent Announcements
SECTOR: Fins—Financial Srvcs—Real Estate—Hldgs&Development Monday, 23 September 2019: Share hold ers are referred to the
MAJOR ORDINARY SHAREHOLDERS as at 27 Aug 2019 dividend declaration announcement released on SENS and
Redefine Properties Ltd. 45.44%
Tensai Investments Pty) Ltd. 7.68% published on the Lux em bourg Stock Exchange website on 6
Government Employees Pension Fund 5.91% September 2019 (the “declaration announcement”) and are
FINANCIAL STATISTICS advised that share hold ers on the South African share register
(Amts in EUR’000) Jun 19 Dec 18 Dec 17 Dec 16 will receive their cash dividend in ZAR, converted from Euro at
Interim Final Final Final(rst) an exchange rate of EUR1.00:ZAR16.26839. Ac cord ingly, the
NetRent/InvInc 71 838 142 674 103 255 67 302 cash dividend of 5.80000 euro cents per share will be equal to a
Int Recd 953 4 865 7 419 7 339 gross local dividend amount for sharehold ers on the South
Profit before tax 45 561 137 592 160 905 91 752 African register of ZAR94.35666 cents per share. The currency
Tax 11 133 13 427 32 557 19 424
Attrib Inc 34 428 124 165 128 348 72 328 exchange is based on an average rate achieved by means of a
TotCompIncLoss 43 382 118 356 128 498 71 894 series of hedges, with a set tle ment date of 4 October 2019. The
Hline Erngs-CO 25 385 87 454 46 053 32 045 exchange rate was derived from the intraday spot as reflected by
Ord UntHs Int 1 105 753 1 022 688 833 821 607 438 Reuters D3 for each par tic u lar hedge.
TotStockHldInt 1 105 753 1 022 688 833 821 607 438 Share hold ers are referred to the Dutch and South African tax im -
Investments 2 464 201 2 340 435 1 771 581 1 413 717 pli ca tions in respect of receipt of the cash dividend by EPP share -
Tot Curr Ass 141 785 111 355 154 569 85 564 holders set out in the declaration announcement and are
Total Ass 2 619 640 2 471 715 1 952 114 1 509 398 requested to submit the required doc u men ta tion to EPP and/or
Tot Curr Liab 74 356 61 815 176 583 83 502
their CSDP within the pre scribed time periods in order to take
PER SHARE STATISTICS (cents per share) advantage of any reduction, rebate or exemption from dividends
EPLU (ZARc) 64.18 240.39 301.02 320.72 with hold ing tax for which they qualify.
HEPLU-C (ZARc) 48.13 168.90 108.74 141.64 As a general rule, 15% Dutch dividend withholding tax
Pct chng p.a. - 43.0 55.3 - 23.2 -
DPLU (ZARc) 95.28 194.51 163.20 42.71 (“DWHT”) will be withheld by EPP on the cash dividend,
Pct chng p.a. - 19.2 282.1 - leaving a dis tri bu tion amount per share net of Dutch DWHT of
NAV (ZARc) 2 133.76 2 223.45 1 961.52 1 675.04 ZAR80.20316 cents per share. This could be different if:
Price Prd End 2 022 1 875 1 700 1 950 -a share holder qualifies for an exemption from or a reduction of
Price High 2 100 2 183 2 199 2 450 Dutch DWHT on the basis of Dutch domestic law and/or a tax
Price Low 1 768 1 382 1 315 1 900 treaty concluded by the Neth er lands; and the formal re quire -
RATIOS ments to apply such exemption from or reduction of Dutch
RetOnSH Funds 6.23 12.14 15.39 11.91 DWHT are satisfied (insofar ap pli ca ble).
RetOnTotAss 5.80 6.93 5.68 5.00
Oper Pft Mgn 71.95 108.76 73.09 79.26 EPP will initially withhold 15% on ALL dividends dis trib uted on
Debt:Equity 1.24 1.29 1.16 1.34 Monday, 7 October 2019.
OperRetOnInv 6.26 6.48 6.21 4.86 Cash dividends received from a foreign (non-resident) company
OpInc:Turnover 70.99 90.58 67.73 69.34 in respect of a share that is listed on the JSE are regarded as
NUMBER OF EMPLOYEES: 198 foreign dividends for South African income tax and dividends
DIRECTORS: Dean H (CEO), with hold ing tax purposes.
Baginski J (CFO), Weisz R (Chair, ind ne), As a general rule, 20% South African dividends with hold ing tax
Belka M (ind ne), Dyjas M (ne), Ellerine D
(ind ne), Steer A (ind ne), Wainer M (ne), (“SADWT”) will be withheld by the regulated in ter me di ary in
Templeton J W A (ne), Prinsloo P (ne), South Africa (CSDP) on the cash dividend, leaving a dis tri bu -
de Groot T (ind ne) tion amount per share net of SADWT. This could be different if:
EMAIL: HQoffice@epp-poland.com -a share holder qualifies for an exemption from SADWT on the
WEBSITE: www.epp-poland.com basis of South African domestic law; and
TELE PHONE: 004822-221-7110 Scan the QR code to
FAX: 004822-430-0301 visit our website -the formal requirements to apply such exemption from
COMPANY SECRETARY: Rafal Kwiatkowski SADWT are satisfied (insofar ap pli ca ble).
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Where a CSDP is satisfied that a par tic u lar share holder has
SPONSOR: Java Capital correctly suffered 15% DWHT which is not re cov er able by that
AUDITORS: Ernst & Young Inc., Ernst & Young LLP share holder from the Dutch tax authority, such CSDP should
BANKERS: Cooperative RaboBank U.A.
withhold 5% SADWT (being the 20% SADWT less 15%
CALENDAR Expected Status DWHT) (leaving a dis tri bu tion amount per share net of DWHT
Next Final Results Mar 2020 Un con firmed and SADWT of ZAR75.48533 cents per share), unless a specific
Annual General Meeting Jun 2020 Un con firmed South African domestic exemption applies and the required
Next Interim Results Sep 2020 Un con firmed
documentation has been provided to the CSDP.
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