| Mon 20 Jun 2011, 8:00 | | NEP - New Europe Property Investments Plc - Issue of Equity and Total Voting |
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NEP
NEP
NEP - New Europe Property Investments Plc - Issue of Equity and Total Voting
Rights
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
BVB share code: NEP
ISIN Code: IM00B23XCH02
("NEPI" or "the Company")
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
The Company advises that it has placed a total of 9,564,245 new ordinary shares
("New Shares") at a price of EUR3.00 (ZAR29.50) per share, pursuant to a
placing for cash, raising gross proceeds of approximately EUR29 million (ZAR282
million).
Application has been made for the New Shares to be admitted to trading on AIM
and the JSE Limited and the New Shares are expected to be admitted to trading
with effect from 22 June 2011 ("Admission"). Following Admission, the New Shares
will also be available for transfers to Romania for trading on the Bucharest
Stock Exchange ("BVB"), in accordance with transfer and trading procedures in
Romania.
Following the admission to trading of the New Shares and in accordance with the
United Kingdom Financial Services Authority`s ("FSA") Disclosure and
Transparency Rules, NEPI`s share capital will consist of 88,497,979 ordinary
shares of EUR 0.01 each ("Ordinary Shares") with voting rights. Therefore, the
total number of voting rights in NEPI with effect from 22 June 2011 will be
88,497,979.
The above figure of 88,497,979 Ordinary Shares may be used by shareholders as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, NEPI
under the FSA`s Disclosure and Transparency Rules with effect from 22 June 2011.
20 June 2011
For further information please contact:
New Europe Property Investments plc +40 74 432 8882
Martin Slabbert
United Kingdom Nominated Adviser & Broker +44 20 7131 4000
Smith & Williamson Corporate Finance Limited
Azhic Basirov / Siobhan Sergeant
South African Sponsor
Java Capital +27 11 283 0042
Romanian Advisor
Intercapital Invest SA +40 21 222 8731
Razvan Pasol
Date: 20/06/2011 08:00:01 Produced by the JSE SENS Department.
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