| Tue 10 May 2011, 15:01 | | NEP - New Europe Property Investments plc - Acceptance of shares in terms of |
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NEP
NEP
NEP - New Europe Property Investments plc - Acceptance of shares in terms of
the NEPI share purchase scheme
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")
ACCEPTANCE OF SHARES IN TERMS OF THE NEPI SHARE PURCHASE SCHEME ("THE SHARE
PURCHASE SCHEME")
Shareholders are advised of the following information relating to the
acceptance of shares ("Scheme Shares") as offered to directors and officers
in terms of the rules of the Share Purchase Scheme.
In terms of the rules of the Share Purchase Scheme, ownership in such shares
vests in the beneficiaries stated below, but such shares have been pledged to
the trustees of the trust created for purposes of administering the Share
Purchase Scheme until the outstanding balance due in respect of Scheme Shares
(including interest) is paid.
The pricing of the Scheme Shares was based on the 30-day volume weighted
average price immediately prior to 9 May 2011, the day on which the Scheme
Shares were offered to the Share Purchase Scheme participants.
Name of associate: Slabbert Family Limited
Name of director: Martin Slabbert, who has an
indirect beneficial interest in
Slabbert Family Limited, the entity
which entered into the transaction.
Transaction date: 9 May 2011
Class of securities: Ordinary shares
Number of securities: 337,500
Price per security: EUR2.99
Total value: EUR1,009,125
Nature of transaction: Acceptance of shares offered in
terms of The NEPI Share Purchase
Scheme.
Nature and extent of director`s interest: Indirect beneficial
Name of associate: Focus CEE Investments Limited
Name of director: Victor Semionov, who is a
shareholder of Focus CEE
Investments Limited, the entity
which entered into the transaction.
Transaction date: 9 May 2011
Class of securities: Ordinary shares
Number of securities: 170,000
Price per security: EUR2.99
Total value: EUR508,300
Nature of transaction: Acceptance of shares offered in
terms of The NEPI Share Purchase
Scheme.
Nature and extent of director`s interest: Indirect beneficial
10 May 2011
Nominated Adviser and Broker: +44 20 7131 4000
Smith & Williamson Corporate Finance Limited
Azhic Basirov/Siobhan Sergeant
South African Sponsor: +27 11 283 0089
Java Capital
Date: 10/05/2011 15:01:01 Produced by the JSE SENS Department.
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