| Wed 22 Dec 2010, 15:52 | | NEP - New Europe Property Investments plc - Rights Offer - Dealing in securities |
|
NEP
NEP
NEP - New Europe Property Investments plc - Rights Offer - Dealing in securities
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")
RIGHTS OFFER - DEALING IN SECURITIES
Shareholders are advised that the following directors and their associates have
exercised their rights and purchased the number of ordinary shares indicated
against their names below, in terms of the rights offer:
Name of director: Desmond de Beer, who is a
trustee and beneficiary of
The Suni Trust, the entity
which entered into the
transaction
Transaction date: 20 December 2010
Price per security: R26.00
Number of securities: 595 772 Rights offer shares
Total value: R15 490 072
Transaction date: 22 December 2010
Price per security: R26.00
Number of securities: 80 855 Excess rights offer
shares
Total value: R2 102 230
Nature of transaction: On market on the JSE
Nature and extent of director`s interest: Indirect beneficial
Name of director: Desmond de Beer, who has a
50% interest in Optimprops
3 (Proprietary) Limited,
the entity which entered
into the transaction
Transaction date: 20 December 2010
Price per security: R26.00
Number of securities: 178 921 Rights offer shares
Total value: R4 651 946
Transaction date: 22 December 2010
Price per security: R26.00
Number of securities: 13 579 Excess rights offer
shares
Total value: R353 054
Nature of transaction: On market on the JSE
Nature and extent of director`s interest: Indirect beneficial
Name of associate: Ross Peter de Beer
Relationship to and name of director: Son of Desmond de Beer
Transaction date: 20 December 2010
Price per security: R26.00
Number of securities: 24
Total value: R624
Nature of transaction: On market on the JSE
Nature and extent of director`s interest: Indirect beneficial
Name of associate: Craig Matthew de Beer
Relationship to and name of director: Son of Desmond de Beer
Transaction date: 20 December 2010
Price per security: R26.00
Number of securities: 24
Total value: R624
Nature of transaction: On market on the JSE
Nature and extent of director`s interest: Indirect beneficial
Name of associate: Emily Kim de Beer
Relationship to and name of director: Daughter of Desmond de Beer
Transaction date: 20 December 2010
Price per security: R26.00
Number of securities: 24
Total value: R624
Nature of transaction: On market on the JSE
Nature and extent of director`s interest: Indirect beneficial
Name of director: Jeffrey Nathan Zidel, who
is a 100% shareholder of
Maxtrade Seven
(Proprietary) Limited, the
entity which entered into
the transaction
Transaction date: 20 December 2010
Price per security: R26.00
Number of securities: 177 582
Total value: R4 617 132
Nature of transaction: On market on the JSE
Nature and extent of director`s interest: Indirect beneficial
Name of director: Jeffrey Nathan Zidel
Transaction date: 20 December 2010
Price per security: R26.00
Number of securities: 30 000
Total value: R780 000
Nature of transaction: On market on the JSE
Nature and extent of director`s interest: Direct beneficial
Name of director: Martin Slabbert, who has an
indirect beneficial
interest in Slabbert Family
Limited, the entity which
entered into the
transaction
Transaction date: 20 December 2010
Price per security: R26.00
Number of securities: 59 091
Total value: R1 536 366.00
Nature of transaction: On market on the JSE
Nature and extent of director`s interest: Indirect beneficial
Name of director: Martin Slabbert, who has an
indirect beneficial
interest in Slabbert Family
Limited, the entity which
entered into the
transaction
Transaction date: 20 December 2010
Price per security: EUR 2.67
Number of securities: 178 067
Total value: EUR 475 438.89
Nature of transaction: On market on the AIM market
of the LSE
Nature and extent of director`s interest: Indirect beneficial
Name of associate: Mrs Madelein Slabbert
Name of director: Martin Slabbert
Transaction date: 20 December 2010
Price per security: R26.00
Number of securities: 47 833
Total value: R1 243 658.00
Nature of transaction: On market on the JSE
Nature and extent of director`s interest: Indirect beneficial
Name of director: Victor Semionov, who is a
shareholder of Focus CEE
Investments Limited, the
entity which entered into
the transaction
Transaction date: 20 December 2010
Price per security: R26.00
Number of securities: 15 950
Total value: R414 700.00
Nature of transaction: On market on the JSE
Nature and extent of director`s interest: Indirect beneficial
Name of director: Victor Semionov, who is a
shareholder of Focus CEE
Investments Limited, the
entity which entered into
the transaction
Transaction date: 20 December 2010
Price per security: EUR 2.67
Number of securities: 7 500
Total value: EUR 20 025.00
Nature of transaction: On market on the AIM market
of the LSE
Nature and extent of director`s interest: Indirect beneficial
Following the purchases outlined above:
Through his interest in The Suni Trust, Mr de Beer has a beneficial interest in
2 723 627 ordinary shares in the company ("Ordinary Shares"), representing 3.54%
of the Company`s enlarged issued share capital ("Share Capital"). Mr de Beer
also has an interest in Ordinary Shares through his 50% interest in Optimprops 3
(Proprietary) Limited, which holds 1 862 500 Ordinary Shares, representing 2.42%
of the Share Capital. Mr de Beer also directly and indirectly holds 5.87% of
Resilient Property Income Fund Limited ("Resilient") and 0.90% of Capital
Property Fund ("Capital"). In addition, through his associates, Mr de Beer has
an interest of 372 Ordinary Shares representing 0.0005% of the Share Capital.
Mr Zidel has an indirect interest in 910 802 Ordinary Shares held by Maxtrade
Seven (Pty) Limited, representing 1.18% of the Share Capital. Mr Zidel also
directly and indirectly holds 2.65% of Resilient and 0.04% of Capital. Mr Zidel
also directly has an interest of 30 000 Ordinary Shares, representing 0.04% of
the Share Capital.
Resilient has a 19.08% unitholding in Capital, which is directly interested in 3
450 000 Ordinary Shares, representing 4.48% of the Share Capital. Resilient is
also interested in 16 830 000 Ordinary Shares, representing 21.88% of the Share
Capital, through its ownership of Diversified Properties 2 (Proprietary)
Limited.
Mr Slabbert`s indirect beneficial interest in the equity of the Company is 4 579
029 Ordinary Shares, representing 5.95% of the Share Capital.
Mr Semionov`s indirect beneficial interest in the equity of the Company is 963
656 Ordinary Shares, representing 1.25% of the Share Capital.
The Company would like to clarify that the total issued share capital of the
Company has increased to 76 933 734 Ordinary Shares and not 76 993 734 Ordinary
Shares as was indicated in the Company`s `RESULTS OF THE RIGHTS OFFER`
announcement released on 20 December 2010.
22 December 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: 22/12/2010 15:52:01 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.
