| Thu 1 Jul 2010, 12:01 | | NEP - New Europe Property Investments plc - Admission To Trading |
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NEP
NEP
NEP - New Europe Property Investments plc - Admission To Trading
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")
ADMISSION TO TRADING
Further to the announcement of 22 June 2010, New Europe Property Investments
plc, the Central and Eastern European property investment company which 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, announces that the
5,283,263 million new ordinary shares in the Company ("Shares") issued in
connection with the internalisation of the Company`s management function, were
admitted to trading on AIM and the JSE Limited on 28 June 2010.
The following table shows the beneficial interests of certain of the Company`s
shareholders whose interests were affected by the issue of the new Shares
referred to above:
Shareholder Shares % of issued
Shares
Resilient Property Income 13,031,717 21.0%
Fund Limited
Martin Slabbert 4,294,038 6.9%
Victor Semionov 940,206 1.5%
Resilient Property Income Fund Limited`s ("Resilient") interest is held by its
wholly-owned subsidiary, Diversified Properties 2 (Proprietary) Limited. In
addition, Resilient has a 24.6% unitholding in Capital Property Fund, which
holds 3,862,837 Shares and is managed by Property Fund Managers Ltd, which is a
wholly-owned subsidiary of Resilient.
Martin Slabbert`s (a director of the Company) interest comprises 735,224 Shares
held by Slabbert Family Limited (a company in which Martin Slabbert has an
indirect interest), 197,500 Shares held directly by Mr Slabbert`s spouse and
3,361,314 Shares held pursuant to the Company`s share incentive scheme ("the
Share Incentive Scheme") for the benefit of Slabbert Family Limited (Martin
Slabbert being the key participant under the Share Incentive Scheme`s rules in
respect of this holding). The Share Incentive Scheme Shares referred to above
include Shares previously issued pursuant to the Share Incentive Scheme that
were held in trust on an unallocated basis as follows:
Date of issue of Shares Number of Price
Shares
7 June 2008 600,000 Euro2.18
26 October 2009 300,302 Euro2.10
26 May 2010 195,000 Euro2.58
The above Shares were allocated on 7 June 2010 pursuant to the Share Incentive
Scheme for the benefit of Slabbert Family Limited.
Victor Semionov`s (a director of the Company) interest comprises 122,537 Shares
held by Focus CEE Investments Limited (a company in which Victor Semionov has an
interest) and 817,669 Shares held pursuant to the Share Incentive Scheme for the
benefit of Focus CEE Investments Limited (Victor Semionov being the key
participant under the Share Incentive Scheme`s rules in respect of this
holding). The Share Incentive Scheme Shares referred to above include 140,000
Shares previously issued at Euro2.58 per Share on 26 May 2010 pursuant to the
Share Incentive Scheme that were held in trust on an unallocated basis and
allocated on 7 June 2010 for the benefit of Focus CEE Investments Limited.
1 July 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: 01/07/2010 12:01:02 Produced by the JSE SENS Department.
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