NEP - New Europe Property Investments plc - Update regarding NEPI`S prospective
NEP
NEP
NEP - New Europe Property Investments plc - Update regarding NEPI`S prospective
listing on the Bucharest Stock Exchange
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")
UPDATE REGARDING NEPI`S PROSPECTIVE LISTING ON THE BUCHAREST STOCK EXCHANGE
As stated in the 2010 Annual Report, NEPI, a company which is currently listed
on the AIM market of the London Stock Exchange and the main market of the JSE
Limited, initiated procedures for admission to trading of its shares on the
regulated market of the Bucharest Stock Exchange ("BVB").
A prospectus for admission to trading of NEPI`s shares on BVB was prepared by
managers Banca Comerciala Romana SA and SSIF Intercapital Invest SA. The
prospectus was approved by the National Securities Commission ("CNVM"), the
regulating authority of the capital markets in Romania, through decision no. 469
of 18 May 2011 and was consequently published on NEPI`s website
(www.nepi.uk.com).
Following this decision by the CNVM, NEPI will continue to pursue formalities
required by the BVB for admission to trading on the BVB. A further announcement
regarding the date of commencement of trading of its shares on the BVB will be
published in due course.
Nominated Adviser and Broker:
Smith & Williamson Corporate Finance Limited
Azhic Basirov/Siobhan Sergeant
+44 20 7131 4000
South African Sponsor:
Java Capital +27 11 283 0042
19 May 2011
Date: 19/05/2011 11:35:01 Produced by the JSE SENS Department.
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