| Fri 12 Nov 2010, 12:15 | | NEP - New Europe Property Investments plc - Rights offer finalisation |
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NEP
NEP
NEP - New Europe Property Investments plc - Rights offer finalisation
announcement
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")
RIGHTS OFFER FINALISATION ANNOUNCEMENT
Shareholders are referred to the announcement released on the Stock Exchange
News Service ("SENS") of the JSE and the Regulatory News Service ("RNS") of
the London Stock Exchange on 5 November 2010 in relation to the rights offer
by NEPI ("the rights offer") in terms which NEPI shareholders will be offered
24.21943 new NEPI shares ("rights offer shares") for every 100 NEPI shares
held by them on Friday, 26 November 2010, at a subscription price per rights
offer share of EUR2.67 for shareholders on the UK share register and R26.00
for shareholders on the SA register, calculated using a EUR/ZAR exchange rate
of EUR1.00:R9.75.
Shareholders are advised that:
- the rights offer circular has been approved by the JSE; and
- the rights offer circular, form of instruction and other documents have
been registered with the Companies and Intellectual Property Registration
Office, as required by Section 146A of the South African Companies Act
(Act 61 of 1973), as amended,
and accordingly the rights offer may now be implemented.
The salient dates and times of the rights offer will be the same as those
published in the announcement released on SENS on Friday, 5 November 2010 and
published in the press in South Africa on Monday, 8 November 2010.
12 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
Corporate advisor, legal advisor as to South African +27 11 283 0042
law and JSE sponsor
Java Capital
Legal advisor as to Isle of Man law
Consilium Limited
Independent reporting accountants
KPMG Inc.
Date: 12/11/2010 12:15:30 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.
