NEP - New Europe Property Investments Plc - Possible Offer For Carpathian Plc
NEP
NEP
NEP - New Europe Property Investments Plc - Possible Offer For Carpathian Plc
("Carpathian")
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: IM00B23XCH02
Possible offer for Carpathian plc ("Carpathian")
The board of New Europe Property Investments plc announces that the Company has
approached the board of Carpathian with a potential offer to acquire the entire
issued share capital of Carpathian at a price of EUR0.20 per Carpathian share in
cash, subject to certain conditions (the "Proposed Offer").
Pursuant to Rule 2.4(c) of The City Code on Takeovers and Mergers ("the Takeover
Code"), the Company reserves the right to make an offer for Carpathian at a
lower price with the recommendation of the board of Carpathian. The Company
also reserves the right to vary the form and/or mix of consideration of any
offer that may be made.
This announcement does not constitute an announcement of a firm intention to
make an offer under Rule 2.5 of the Takeover Code and, at this stage, there can
be no certainty that an offer or any other transaction will occur.
Pending further announcements, shareholders of the Company are advised to
exercise caution when dealing in the Company`s shares.
23 April 2009
For further information please contact:
New Europe Property Investments plc +40 74 432 8882
Martin Slabbert
Nominated Adviser and Broker: +44 20 7131 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: 23/04/2009 08:31:56 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
