NEW EUROPE PROPERTY INVESTMENTS PLC - Statement regarding legal proceedings in Romania
NEP NEPN 201307110010A
Statement regarding legal proceedings in Romania
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: IM00B23XCH02
(“NEPI” or “the company”)
STATEMENT REGARDING LEGAL PROCEEDINGS IN ROMANIA
The company has noted the announcement released via the Regulatory News Service of the London Stock
Exchange on 9 July 2013 by Argo Real Estate Opportunities Fund Limited, an AIM listed company with a
market capitalisation of GBP10 million, (“AREOF”) regarding the commencement of legal proceedings against
NEPI and Osterreichische Volksbanken-Aktiengesellschaft (“Volksbank”) in relation to Sibiu Shopping City
(“SSC”).
Shareholders are advised that the company has received no formal notice of the commencement of any such legal
proceedings.
As announced on 25 April 2013, NEPI has agreed to acquire the rights under the debt financing agreements for a
portion of the debt in relation to SSC (“the Sibiu debt acquisition”), subject to contract, due diligence and various
approvals.
Shareholders are advised that the board of directors is of the view that NEPI has at all times acted lawfully in relation
to the Sibiu debt acquisition. Further announcements regarding this matter will be made as and when appropriate.
11 July 2013
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
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