| Thu 4 Mar 2010, 17:45 | | NEP - New Europe Property Investments plc - Dealing In Securities By A |
|
NEP
NEP
NEP - New Europe Property Investments plc - Dealing In Securities By A
Director And Other Holdings
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
("the Company")
DEALING IN SECURITIES BY A DIRECTOR AND OTHER HOLDINGS
Shareholders are advised of the following information, relating to the
dealing in securities by a director:
Executive director Desmond de Beer, who is a trustee and
beneficiary of The Suni Trust, the entity
which entered into the transaction
Company of which a director New Europe Property Investments plc
Transaction date 3 March 2010
Class of securities Ordinary shares
Price per security R26.00
Number of securities 125,000
Total value R3,250,000.00
Nature of transaction Purchase
Extent of interest Indirect beneficial
Clearance to deal was received as required in terms the JSE`s Listings
Requirements.
Following the purchase outlined above, through his interest in The Suni Trust,
Mr de Beer has a beneficial interest in 2,047,000 ordinary shares in the Company
("Ordinary Shares"), representing 5.03% of the Company`s issued share capital.
Mr de Beer also has an interest in Ordinary Shares through his 50% interest in
Optimprops 3 (Proprietary) Limited, which holds 1,477,500 Ordinary Shares,
representing 3.63% of the Company`s issued share capital. Mr de Beer also
directly and indirectly holds 7.0% of Resilient Property Income Fund Limited
("Resilient") and 0.7% of Capital Property Fund ("Capital").
Resilient has a 24.6% unitholding in Capital, which is directly interested in
3,862,837 Ordinary Shares, representing 9.50% of the ordinary share capital of
the Company. Resilient is also interested in 11,500,000 Ordinary Shares,
representing 28.28% of the ordinary share capital of the Company, through its
ownership of Diversified Properties 2 (Proprietary) Limited. In addition,
through his associates, Mr de Beer has an interest of 300 Ordinary Shares
representing 0.001% of the Company`s issued share capital.
4 March 2010
For further information please contact:
New Europe Property Investments plc +40 74 432 8882
Martin Slabbert
Smith & Williamson Corporate Finance +44 20 7131 4000
Limited
Azhic Basirov / Charles Combe
South African sponsor +27 11 283 0042
Java Capital (Proprietary) Limited
Date: 04/03/2010 17:45:01 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.
