| Thu 3 May 2012, 16:00 | | 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
BVB share code: NEP
JSE share code: NEP
ISIN: IM00B23XCH02
("NEPI" or the "Company")
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
Further to the announcement made on 18 April 2012, NEPI advises that it has
placed a total of 1,600,000 new ordinary shares in the Company ("New Ordinary
Shares") with shareholders registered on the United Kingdom and the Romanian
registers at a price of EUR 3.20 per share in respect of the United Kingdom
register and RON 13.99 per share in respect of the Romanian Register, pursuant
to a placing for cash, raising gross proceeds of EUR 5,120,000 (the "Private
Placement"). The proceeds of the Private Placement will be used to fund
developments and acquisitions of further operating assets.
Application has been made for the New Ordinary Shares issued under the Private
Placement to be admitted to trading on the JSE Limited, AIM and the Bucharest
Stock Exchange ("BVB") which is expected to take place on 4 May 2012
("Admission").
Total Voting Rights
Following Admission, the total issued share capital of the Company will increase
to 109,901,750 Ordinary Shares with voting rights.
Therefore, the total number of voting rights in NEPI will be 109,901,750 which
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 UK Financial Services Authority`s
Disclosure and Transparency Rules.
3 May 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: 03/05/2012 16:00:05 Produced by the JSE SENS Department.
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