| Wed 18 Apr 2012, 14:00 | | NEP - New Europe Property Investments plc - Proposed private placement |
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NEP
NEP
NEP - New Europe Property Investments plc - Proposed private placement
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")
PROPOSED PRIVATE PLACEMENT
As required by the National Securities Commission of Romania, NEPI advises
shareholders that the Company intends to undertake a placing of at least 800,000
ordinary shares in the Company ("Ordinary Shares"), on a non pre-emptive basis,
with a limited number of potential investors, with such Ordinary Shares to be
registered on the Romanian and the United Kingdom registers (the "Private
Placement"). The board of NEPI has resolved to limit the maximum number of
Ordinary Shares to be issued under the Private Placement to 1,600,000 Ordinary
Shares.
The Private Placement, which is not an offer to the public, is subject to the
requirements of the Company`s articles of association, the Listings Requirements
of the JSE Limited, the AIM Rules for Companies and the rules of the Bucharest
Stock Exchange.
The proceeds of the Private Placement will be used to facilitate the acquisition
of further operating assets and developments.
The Company expects to announce further information regarding the Private
Placement by the end of April 2012.
18 April 2012
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
JSE sponsor +27 11 283 0042
Java Capital
Romanian advisor +40 21 222 8731
SSIF Intercapital Invest SA
Razvan Pasol
Date: 18/04/2012 14:00:01 Produced by the JSE SENS Department.
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