NEP - New Europe Property Investments Plc - Further Cautionary Announcement
NEP
NEP
NEP - New Europe Property Investments Plc - Further Cautionary Announcement
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")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 16 November 2009, the Company
announces, for purposes of compliance with the Listings Requirements of the JSE
Limited, that negotiations to acquire certain additional retail assets in
Romania are still in progress, which if successfully concluded may have a
material effect on NEPI`s financial position and consequently on the price of
the Company`s shares. Although no certainty can be given that these negotiations
will be concluded successfully, the Company has made significant progress and
expects to make a further announcement in this regards with the release of the
financial statements for the year ended 31 December 2009. Accordingly,
shareholders are advised to continue exercising caution when dealing in their
NEPI shares until a further announcement is made in this respect.
29 December 2009
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 / Siobhan Sergeant
South African sponsor
Java Capital (Proprietary) Limited +27 11 283 0042
Date: 29/12/2009 09:00:02 Produced by the JSE SENS Department.
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