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 29 December 2009 and in line with
NEPI`s preliminary results announcement dated 5 February 2010, the Company
announces, for purposes of compliance with the Listings Requirements of the JSE
Limited, that the Company`s negotiation to acquire certain retail assets in
Romania advanced to signing a sale and purchase agreement on 3 February 2010,
which is still subject to certain conditions precedent. Further announcements
regarding this acquisition will be made in due course.
Shareholders are advised that negotiations to acquire certain other 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. No certainty can be given that these negotiations
will be concluded successfully. Accordingly, shareholders are advised to
continue exercising caution when dealing in their NEPI shares until a further
announcement is made in this respect.
10 February 2010
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 / Charles Combe
South African sponsor
Java Capital (Proprietary) Limited +27 11 283 0042
Date: 10/02/2010 13:00:03 Produced by the JSE SENS Department.
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