NEP - New Europe Property Investments plc - Further cautionary announcement and
NEP
NEP
NEP - New Europe Property Investments plc - Further cautionary announcement and
update on the proposed rights offer
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: IM00B23XCH02
("NEPI" or "the Company")
FURTHER CAUTIONARY ANNOUNCEMENT AND UPDATE ON THE PROPOSED RIGHTS OFFER
Shareholders are referred to the cautionary announcement dated 21 September 2010
and are advised that for purposes of compliance with the Listings Requirements
of the JSE Limited, negotiations in relation to the potential acquisitions are
still in progress which, if successfully concluded, may have a material effect
on the price of NEPI`s shares.
Although no certainty can be given that these negotiations will be concluded
successfully, the Company has made significant progress in the negotiations to
date.
Accordingly, shareholders are advised to continue exercising caution when
dealing in their NEPI shares until a further announcement is made in this
respect.
Further details of the proposed rights offer to raise approximately EUR40
million will be published in due course.
3 November 2010
For further information please contact:
New Europe Property Investments plc +40 74 432 8882
Martin Slabbert
Nominated Adviser and Broker +44 20 7131 4000
Smith & Williamson Corporate Finance Limited
Azhic Basirov/Charles Combe
South African sponsor +27 11 283 0042
Java Capital
Date: 03/11/2010 14:30:01 Produced by the JSE SENS Department.
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