| Tue 21 Apr 2009, 17:00 | | NEP - New Europe Property Investments plc - Conclusion of warehousing |
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NEP
NEP
NEP - New Europe Property Investments plc - Conclusion of warehousing
arrangements
New Europe Property Investments plc (the "Company")
(Incorporated and registered in the Isle of Man with registered number
001211V)
(Registered as an external company with limited liability under the laws of
South Africa, registration number 2009/000025/10)
AIM share code: NEPI
JSE share code: NEP
ISIN Code: IM00B23XCH02
Conclusion of warehousing arrangements
Further to the announcement made on AIM on 15 April 2009, the Company`s shares
were admitted to trading on the Alternative Exchange ("Alt X") of the JSE
Limited on Friday, 17 April 2009 and the relevant South African resident
shareholders have now repurchased shares in the Company from the NEPI Trust at
a price of R12.36 per share (being the Rand equivalent of Euro1.02 at which
the shares were sold to the NEPI Trust). The NEPI Trust therefore no longer
has an interest in the Company`s shares and the following are the interests of
the significant shareholders (as defined by the AIM Rules) whose shares were
subject to the "warehousing" arrangements (being the same as they were prior
to the implementation of the "warehousing" arrangements):
Name Number of Percentage of
shares issued share
capital
Diversified Properties 2 (Pty) Ltd 7,392,500 26.26%
Capital Property Fund 6,155,000 21.87%
The Suni Trust (see note 1) 1,725,000 6.13%
Coco Haven 31 (Pty) Ltd 1,536,600 5.46%
Optimprops 3 (Pty) Ltd (see note 1) 1,477,500 5.25%
Chataprop Holdings 50 (Pty) Ltd 1,477,500 5.25%
Maxtrade Seven (Pty) Ltd 985,000 3.50%
Note 1
Des de Beer, a director of the Company, is a trustee and beneficiary of the
Suni Trust and is also a 50% shareholder in and the sole director of
Optimprops 3 (Pty) Ltd.
In addition to the above, Mrs Madelein Slabbert, the wife of Martin Slabbert,
a director of the Company, has repurchased 179,939 ordinary shares in the
Company from the NEPI Trust and now holds a total of 197,500 ordinary shares
in the Company, representing 0.70% of the Company`s issued share capital.
21 April 2009
For further information please contact:
New Europe Property Investments plc +40 74 432 8882
Martin Slabbert
Nominated Adviser and Broker: +44 207 131 4000
Smith & Williamson Corporate Finance Limited
Azhic Basirov/ Joanne Royden-Turner
South African Sponsor: +27 11 283 0042
Java Capital (Proprietary) Limited
Andrew Brooking
Date: 21/04/2009 17:00:02 Produced by the JSE SENS Department.
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