| Tue 17 Nov 2009, 15:00 | | NEP - New Europe Property Investments plc - Appointment Of Directors |
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NEP
NEP
NEP - New Europe Property Investments plc - Appointment Of Directors
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")
APPOINTMENT OF DIRECTORS
Further to the announcement on 13 November 2009 in relation to the
appointments of Kris Carton, Steven Van Den Bossche and Jeff Zidel as
additional non-executive directors, the Company is pleased to provide the
following details on the new directors.
Kris Henri Remi Carton (aged 34) is a qualified architect with over 10 years
of experience in the design of commercial properties, initially in Belgium and
Poland. Having worked on projects for Leibrecht & Wood, a Belgian developer
with operations in Poland, Kris co-founded an architectural practice in
Warsaw, Poland ("The Office"). The Office expanded its focus into Romanian
properties, for which Kris was responsible, and developed relationships with a
number of high profile clients. From 2004, The Office increased its scope to
property development and has been instrumental in the design and construction
of a number of retail parks in Romania and Belgium which have been
successfully sold on to financial investors.
Steven Van Den Bossche (aged 43) has over 20 years experience in the
construction and interior design of commercial properties. In 1984, Steven
founded Van Den Bossche Contracting NV, a company specialising in construction
and interior design of bank outlets, developing strong relationships with key
financial institutions. In 2005, the company entered the Romanian property
market. Thereafter, Steven co-founded Bel Rom Real Estate ("Bel Rom"), a
developer of commercial real estate in Romania. To date, Bel Rom has
developed five retail parks and a number of others are under development.
Jeffrey Nathan (Jeff) Zidel has been a successful property developer and
investor and has been involved in all aspects of the property industry for the
last 38 years. He is a former South African Property Owners Association
regional chairman, and three times past president of the Roodepoort Chamber of
Commerce. He is currently a director of Resilient Property Income Fund
Limited, a listed property investment company in South Africa, with assets of
over ZAR 7 billion (EUR 630 million), which is a substantial shareholder in
NEPI.
The following are Mr Carton`s current directorships and those held within the
last five years:
Current Past
The Office Projectmanagement SRL The Office Architecture and Interior SRL
GJ Concept Caffe SRL Total Arhitectura SRL
International Caffe Expert SRL Bel Rom SRL
Bel Rom Patru SRL Bel Rom Sase SRL
Bel Rom Cinci SRL Bel Rom Unu SRL
Bel Rom Sapte SRL
Bel Rom Opt SRL
Bel Rom Noua SRL
Bel Rom Zece SRL
Bel Rom Eleven SRL
Bel Rom Twelve SRL
Bel Rom Fourteen SRL
Bel Rom Management Services SRL
Bel Rom Residential Real Estate
SRL
Carpa Invest BVBA
Carpa Holding BVBA
Mr Carton directly and indirectly holds 100% of the share capital of Carpa
Invest BVBA. Carpa Invest BVBA holds 717,430 ordinary shares in the Company,
representing 1.76% of the Company`s share capital.
The following are Mr Van Den Bossche`s current directorships and those held
within the last five years:
Current Past
Bel Rom Management Services SRL Van Den Bossche nv
Bel Rom Doi SRL Q Linair nv
Bel Rom Patru SRL Bel Rom SRL
Bel Rom Cinci SRL Bel Rom Unu SRL
Bel Rom Sapte SRL Bel Rom Sase SRL
Bel Rom Opt SRL
Bel Rom Noua SRL
Bel Rom Zece SRL
Bel Rom Eleven SRL
Bel Rom Twelve SRL
Bel Rom Fourteen SRL
Bel Rom Residential Real Estate SRL
Holdekor BVBA
HDK BVBA
Vanha nv
Mr Van Den Bossche directly holds 100% of the share capital of Holdekor BVBA.
Holdekor BVBA holds 717,430 ordinary shares in the Company, representing 1.76%
of the Company`s share capital.
The following are Mr Zidel`s current directorships (or close corporation
memberships in South Africa) and those held within the last five years:
Current Past
Clarendon Shopping Centre (Pty) Ambit Property Limited
Limited Resilient Properties (Pty) Limited
ERF 2395 Kempton Park (Pty) Limited Resilient Capital (Pty) Limited
Fortress Income Fund Limited Diversified Properties 2 (Pty)
Heavenly Blue Property Invest Close Limited
Corporation
Maxtrade Seven (Pty) Limited
Mazow Property Invest Close
Corporation
Property Index Tracker Managers
(Pty) Limited
Resilient Property Management (Pty)
Limited
Resilient Property Income Fund
Limited
Zicor Property Projects (Pty)
Limited
Mr Zidel has an indirect interest in 692,750 ordinary shares in the Company
held by Maxtrade Seven (Pty) Limited. Mr Zidel also directly and indirectly
holds 2.7% of Resilient Property Income Fund Limited. Resilient Property
Income Fund Limited is the 100% parent company of Diversified Property Fund
Limited, which in turn is the 100% parent company of Diversified Properties 2
(Pty) Ltd. Diversified Properties 2 (Pty) Ltd holds 7,392,500 ordinary shares
in the Company, representing 27.59% of the Company`s share capital.
Save for the information disclosed above there is no other information falling
to be disclosed under Schedule Two, paragraph (g) of the AIM Rules.
17 November 2009
For further information please contact:
New Europe Property Investments plc +40 74 432 8882
Martin Slabbert
Azhic Basirov +44 20 7131 4000
Smith & Williamson Corporate Finance Limited
South African sponsor +27 11 283 0042
Java Capital (Proprietary) Limited
Date: 17/11/2009 15:00:02 Produced by the JSE SENS Department.
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