| Fri 28 Oct 2011, 8:00 | | 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
BVB share code: NEP
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, the Regulatory News Service
("RNS") of the London Stock Exchange and the Bucharest Stock Exchange
("the BVB") on 21 October 2011 in relation to the rights offer by NEPI
("the rights offer") under the terms of which NEPI shareholders will be
offered 16.14242 new NEPI shares ("rights offer shares") for every 100
NEPI shares held by them on Friday, 11 November 2011 for shareholders on
either the South African share register or the UK share register, at a
subscription price per rights offer share of EUR2.80 for shareholders on
the UK share register and R30.00 for shareholders on the SA share
register, calculated using a EUR/ZAR exchange rate of EUR1.00:R10.70.
Shareholders registered in Romania on Monday, 7 November 2011 will have
the right to trade, within the timeframe provided below, their pre-
emptive rights on BVB, being 16.14242 rights for every 100 shares owned
at that date, and the holders of pre-emptive rights registered in Romania
on Wednesday, 23 November 2011 will have the right to subscribe for new
NEPI shares at a subscription price per rights offer share of EUR 2.80.
Shareholders are advised that the rights offer circular has been approved
by the JSE, and notified to the BVB and the Romanian National Securities
Commission 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 Friday, 21 October 2011 and
published in the press in South Africa on Monday, 24 October 2011, except
for the salient dates and times for shareholders on the Romanian register
which shall be amended as follows:
IMPORTANT DATES AND TIMES FOR SHAREHOLDERS/PRE-EMPTIVE RIGHTS HOLDERS
REGISTERED IN ROMANIA
2011
Publication of Presentation Document on the BVB Friday, 28 October
website and in a national Romanian newspaper
Last date to be registered as NEPI shareholder Monday, 7 November
in order to be entitled to receive pre-emptive
rights ("Romania initial record date")
Commence trading pre-emptive rights on BVB Tuesday, 15 November
Pre-emptive rights available for transfer into Tuesday, 15 November
individual accounts of NEPI shareholders
registered in Romania
Last day to trade rights on the BVB Friday, 18 November
Record date for determination of pre-emptive Wednesday, 23 November
rights holder (being either shareholders who
have received pre-emptive rights and not
disposed of them or others who may have acquired
pre-emptive rights) who will be entitled to
exercise those rights by subscribing for rights
offer shares ("Romania record date")
Subscription period on the BVB opens at 12:00 Wednesday, 23 November
p.m.
Subscription period on the BVB closes at 12:00 Monday, 28 November
p.m.
Credit shares to the global accounts of the Monday, 5 December
brokers/custodians where the pre-emptive rights
holders have their individual accounts for pre-
emptive rights holders who have exercised their
rights
Allocation of excess shares in respect of Monday, 5 December
successful excess shares applications on
Announce results of rights offer (BVB) Monday, 5 December
Refunds (if any) to shareholders in respect of Wednesday, 7 December
unsuccessful excess shares applications made on
or about
New NEPI shares credited to the global accounts Wednesday, 7 December
of the brokers/custodians where the pre-emptive
rights holders have their individual accounts
for pre-emptive rights holders who have
subscribed excess shares, in respect of
successful excess shares applications of
shareholders on or about
Note:
1. References to times in this timetable are to Romanian time unless
otherwise stated.
2. Transfers between the SA share register, the UK share register and
the Romanian Central Depository may not take place between Tuesday,
1 November 2011 and Friday, 11 November 2011, both days inclusive.
CIRCULAR
Further details of the rights offer will be set out in the circular to
NEPI shareholders which is expected to be dispatched on 14 November 2011
and will be made available on the company`s website www.nepinvest.com as
from Monday, 7 November 2011 and on the BVB`s website from Monday, 14
November 2011.
28 October 2011
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/Siobhan Sergeant
Corporate advisor, legal advisor as to South +27 11 283 0042
African law and JSE sponsor
Java Capital
Romanian advisor +40 21 222 8731
SSIF Intercapital Invest SA
Razvan Pasol
Date: 28/10/2011 08:00:09 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.
