| Fri 14 May 2010, 12:00 | | NEP - New Europe Property Investments plc - Director Appointment |
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NEP
NEP
NEP - New Europe Property Investments plc - Director Appointment
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")
Director Appointment
The Company, which currently has a primary listing on the AIM market of the
London Stock Exchange and a secondary listing on the Alternative Exchange of the
JSE Limited, is pleased to announce the appointment of Victor Semionov as a
director, effective from 13 May 2010.
Victor Semionov (32) graduated in 1999 with a major in finance from the Academy
of Economic Studies in Bucharest and started his career in the Financial
Advisory practice of Deloitte in Romania and Moldova where he was involved in
more than 30 transactions including acquisitions, mergers, restructurings, fund
raising and sales of distressed or expanding businesses with an aggregate
transactions value in excess of Euro7 billion. Mr Semionov co-founded NEPI in
2007 and has been a director of the Investment Advisor (NEPI Investment
Management Limited) since.
The following are Mr Semionov`s current directorships and those held within the
last five years:
Current Past
"L.G.V.-Tur" SRL "Natur Bravo" SA
"Third Way Capital" SRL
NEPI Bucharest One SRL
NEPI Bucharest Two SRL
NEPI Bucharest Three SRL
General Investment SRL
General Building Management
SRL
NEPI Investment Management
S.A.
NEPI Investment Management
Limited
Mr Semionov beneficially holds, indirectly, 300,000 ordinary shares in the
Company.
The Company advises further that Martin Slabbert has been designated as Chief
Executive Officer and Victor Semionov has been designated as Financial Director
of NEPI. Both Mr Slabbert and Mr Semionov will fulfil their executive roles
pursuant to the Investment Advisory Agreement with the external Investment
Advisor.
Save for the information disclosed above there is no other information falling
to be disclosed under Schedule Two, paragraph (g) of the AIM Rules.
14 May 2010
For further information please contact:
New Europe Property Investments plc +40 74 432
Martin Slabbert 8882
Azhic Basirov, Charles Combe +44 20 7131
Smith & Williamson Corporate Finance Limited 4000
South African sponsor +27 11 283
Java Capital (Proprietary) Limited 0042
Date: 14/05/2010 12:00:04 Produced by the JSE SENS Department.
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