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NEP
NEP
NEP - New Europe Property Investments plc - Notification of Major Interest in
Shares
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")
TR-1: Notification of Major Interest in Shares
1. Identity of the issuer or the underlying New Europe Property
issuer of existing shares to which voting Investments plc
rights are attached:
2. Reason for notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which
may result in the acquisition of shares already issued to which
voting rights are attached
An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify): Issue of shares X
3. Full name of person(s) subject to Central Eastern European Real
notification obligation: Estate Shareholdings BV
Maitland Advisory LLP
4. Full name of shareholder(s) (if different
from 3):
15 March 2010
5. Date of transaction (and date on which the
threshold is crossed or reached if
different):
24 March 2010
6. Date on which issuer notified:
4.62%
7. Threshold(s) that is/are crossed or
reached:
8: Notified Details
A: Voting rights attached to shares
Class/type of shares
If possible use ISIN code
IM00B23XCH02
Situation previous to the triggering transaction
Number of shares
0
Number of voting rights
0
Resulting situation after the triggering transaction
Number of shares
2,308,237
Number of voting rights
Direct
Indirect
2,308,237
Percentage of voting rights
Direct
Indirect
4.62%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise/ No. of voting rights Percentage
financial date conversion that may be acquired of voting
instrument period/date (if the instrument rights
exercised/converted)
C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments
Resulting situation after the triggering transaction
Type of Exercise Expirat Exercise/ No. of voting Percentage of
financial price ion conversion rights that voting rights
instrument date period/date may be
acquired (if
the instrument
exercised/conv
erted)
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
2,308,237 4.62%
9. Chain of controlled undertakings through which the voting rights
and /or the financial instruments are effectively held, if applicable:
Maitland Advisory LLP, as Escrow Agent, holds the relevant 2,308,237
shares pursuant to an Escrow Agreement which provides that Maitland
Advisory LLP votes at the general meetings based on the instructions
from Central Eastern European Real Estate Shareholdings BV ("CEERES")
delivered via its authorised representative.
The relevant shares are held in escrow as security in relation to a
sale and purchase agreement between, amongst others, the Issuer as
purchaser and Central European Real Estate Shareholdings BV as one of
the sellers. Maitland Advisory LLP has no beneficial interest in the
shares and such shares will depending upon satisfaction or non-
satisfaction of the escrow conditions be transferred either to CEERES
or to the Issuer. In the interim the sellers may exercise the
relevant voting rights.
10. Name of proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14 Contact name: Rupert Weber, Maitland
Advisory LLP
15. Contact telephone name: +44 (0)20 3077 1234
26 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: 26/03/2010 11:00:06 Produced by the JSE SENS Department.
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