NEP - New Europe Property Investments plc - Result Of EGM
NEP
NEP
NEP - New Europe Property Investments plc - Result Of EGM
New Europe Property Investments plc
(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
("NEPI" or "the Company")
RESULT OF EGM
The Company announces that at its Extraordinary General Meeting held on
Friday, 4 September 2009, the following resolution was passed unanimously:
"Notwithstanding the provisions of article 5.4.1 of the Company`s Articles of
Association, the issue by the Company during the twelve-month period ending
30 May 2010 of equity securities for a consideration other than cash
numbering in excess of 30% (thirty percent) of the number of equity
securities in the Company`s enlarged share capital be approved, provided that
any issue of any securities in excess of such 30% limit is undertaken in
connection with the direct or indirect acquisitions of commercial assets in
Romania of a type described in the "Market overview and prospects" section of
the Company`s half-yearly report dated 4 August 2009."
9 September 2009
South African sponsor
Java Capital (Proprietary) Limited
For further information please contact:
New Europe Property Investments plc +40 74 432 8882
Martin Slabbert
Smith & Williamson Corporate Finance Limited +44 20 7131 4000
Azhic Basirov / Joanne Royden-Turner
Date: 09/09/2009 15:30:02 Produced by the JSE SENS Department.
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