| Fri 28 Oct 2011, 8:12 | | NEP - New Europe Property Investments plc - Rights Offer Finalisation |
|
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 in Monday, 7 November
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 rights Wednesday, 23 November
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 p.m. Wednesday, 23 November
Subscription period on the BVB closes at 12:00 p.m. Monday, 28 November
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 successful Monday, 5 December
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 of Wednesday, 7 December
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.
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 African +27 11 283 0042
law and JSE sponsor
Java Capital
Romanian advisor +40 21 222 8731
SSIF Intercapital Invest SA
Razvan Pasol
Date: 28/10/2011 08:12:35 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.
