Nepi Rockcastle bays for Viceroy’s blood
European mall owner wants market authorities in SA and the Netherlands to probe short seller
Shopping centre owner and member of the Resilient group of companies, Nepi Rockcastle, has asked authorities in SA and Europe to investigate share trades prior to the release of a damning report by research firm Viceroy, on Wednesday last week. In the report, Viceroy accused Nepi of inflating profits. Another report released on Thursday this week questioned the transparency of Nepi’s corporate governance as well as accused the company of not following Romanian tax law correctly. “Following the publication of a report on Nepi Rockcastle by Viceroy Research, and further to our various announcements in response thereto, the company has made a written submission to each of the JSE Limited, the Financial Sector Conduct Authority in SA, the Dutch authority for the financial markets and Euronext Amsterdam requesting inter alia an investigation into trading in Nepi Rockcastle shares in the days leading up to and immediately following the publication of the Viceroy Report,” Nepi said. It sai...
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