15-May-2013
(Official Notice) | New Europe Property Investments plc, having its registered office on 2nd Floor, Anglo International House, Lord Street, Douglas, Isle of Man, IM1 4LN, with registered number 001211V, advises its shareholders that its unaudited condensed consolidated financial results for the three months ended 31 March 2013 were submitted to the Bucharest Stock Exchange (BVB) and to the Romanian National Securities Commission today, 15 May 2013. These unaudited condensed consolidated financial results are available to the public on request, in printed format, and in electronic format on the Company?s website: www.nepinvest.com. The unaudited condensed consolidated financial results for the three months ended 31 March 2013 were released on the Stock Exchange News Service (SENS) of the JSE, the Regulatory News Service (RNS) of the London Stock Exchange and the BVB today, 15 May 2013.
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15-May-2013
(Official Notice) | The company is required to publish financial results for the three months ended 31 March 2013 in terms of the rules of the Romanian National Securities Commission (CNVM) and the Rule Book of the Bucharest Stock Exchange (the BVB). Accordingly, an announcement wa released presenting the unaudited condensed consolidated financial results of the Group in respect of the financial period from 1 January 2013 to 31 March 2013 in a form compliant with the requirements of the CNVM and the BVB. |
02-May-2013
(Official Notice) | The company announced that its annual general meeting was held at 10:00 am British Summer Time, on Thursday, 2 May 2013, at the company's registered office at 2nd Floor, Anglo International House, Lord Street, Douglas, Isle of Man.
All resolutions proposed were passed by the requisite majorities of NEPI shareholders. |
24-Apr-2013
(Official Notice) | |
15-Apr-2013
(Official Notice) | NEPI has closed its book build. In light of strong demand, the amount of capital to be raised was increased to R700 million. At this level, the book was heavily oversubscribed. The new NEPI shares to be issued pursuant to the book build process have been priced at R62.00 per share. The book build was not open to investors in Romania.
A total of 11 290 323 new NEPI shares are expected to be issued and list on Wednesday, 24 April 2013. As the number of NEPI shares to be issued in terms of the bookbuild is in excess of 5% of the number of NEPI in issue prior to the bookbuild, in terms of the JSE Listings Requirements, a further announcement will be made setting out the pro forma financial effects of the book build. |
15-Apr-2013
(Official Notice) | Subject to pricing acceptable to NEPI, NEPI proposes an equity raise of about R500 million through the issue of new shares under its general authority to issue shares for cash, as approved by shareholders at the annual general meeting held on 26 April 2012. The equity raise will be offered to selected investors through an accelerated book build process and is subject to a minimum application of R1 million per investor.
The book build opens at 09h00 (South African time) on Monday, 15 April 2013 and may close at any time thereafter. Given that the shares will be issued under NEPI's general authority, the accelerated book build is only open to public shareholders as defined in the JSE Listings Requirements. Java Capital is acting as sole bookrunner. |
08-Apr-2013
(Official Notice) | Shareholders are referred to the previous announcements in respect the election by shareholders to receive a return of capital by way of an issue of 2.774 new NEPI shares ("new NEPI shares") for every 100 NEPI shares held on the relevant record date, being Thursday, 28 March 2013 ("return of capital") or a cash dividend of EUR12.05 cents per share (143.75650 ZAR cents per share for shareholders on the SA share register) ("cash dividend"). Following completion of the election, the company hereby announces that in respect of the return of capital, a total of 3 625 314 new NEPI shares will be issued on market as listed shares on Monday, 8 April 2013 on the JSE, the AIM Market of the London Stock Exchange and the Bucharest Stock Exchange. The new NEPI shares will rank pari passu in every respect with existing listed shares of the company and are fully fungible with effect from the date of listing.
Following the issue of the new NEPI shares in the company, the total issued share capital of the company will increase to 147 987 466 ordinary shares with a par value of EUR0.01 per share. Certificated shareholders who elected to receive the new NEPI shares should note that share certificates will be posted to shareholders on Monday, 8 April 2013. The cash dividend will be distributed by bank transfer, therefore shareholders on the UK share register who have not yet provided bank details to the company, are asked to contact the company at its registered office which is Lord Street, Douglas, Isle of Man, IM1 4LN, 2nd Floor, Anglo International House, Phone +44 (0) 2031 801 547, to make the necessary arrangements. Dematerialised shareholders should note that the CREST, CSDP, broker and the (Romanian) Central Depository accounts holding dematerialised shares are in the process of being credited with either a cash dividend or new NEPI shares, according to the elections made. |
27-Mar-2013
(Official Notice) | NEPI shareholders are advised that the company's annual report for the year ended 31 December 2012 (the "2012 annual report") will be posted today (Wednesday, 27 March 2013) and contains no changes from the condensed consolidated audited financial statements for the year ended 31 December 2012 which were published on the Regulatory News Service of the LSE ("RNS"), SENS and the Bucharest Stock Exchange ("BVB") on 6 February 2013.
The 2012 Annual Report contains a notice of Annual General Meeting for NEPI shareholders, which will be held at its registered office being 2nd floor, Anglo International House, Lord Street, Douglas, Isle of Man at 10:00 am British Summer Time ("BST") on Thursday, 2 May 2013.
In accordance with the provisions of the Isle of Man Uncertificated Securities Regulations 2006 (SD 743/09), a person must be recorded in the company's share register in order to attend and vote at the annual general meeting by no later than 10:00 am BST on Monday, 29 April 2013. Shareholders are further advised that the 2012 Annual Report will be submitted to the BVB, the JSE and to the Romanian National Securities Commission today and will be available in electronic format on the company's website: www.nepinvest.com |
13-Mar-2013
(Official Notice) | NEPI shareholders were referred to the distribution declaration announced on 1 March 2013 and were advised that shareholders on the South African share register will receive their cash dividend in South African Rand converted from Euro at an exchange rate of EUR1.00 : ZAR11.93. Accordingly, the cash dividend of Euro12.05 cents per share will be equal to ZAR143.75650 cents per share.
Shareholders who elect to receive new NEPI shares ("new NEPI shares") instead of the cash dividend will be entitled to 2.774 new NEPI shares for every 100 NEPI shares held by the shareholder at the record date, being Thursday, 28 March 2013.
Dividend tax and therefore the information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross local dividend amount is ZAR143.75650 cents per share for shareholders exempt from paying South African dividends tax. The net local divided amount is ZAR122.19303 cents per share for shareholders liable to pay the dividend tax rate of 15%. As the company is not a South African registered company, it does not have any STC credits available for set-off against the dividend tax liability and there is no withholding tax payable in the Isle of Man. |
01-Mar-2013
(Official Notice) | As announced on 6 February 2013, shareholders are advised that the board of the company has declared a final distribution of 12.05 euro cents per share in respect of the six months ended 31 December 2012 and that the board has resolved to offer to shareholders the election to receive a return of capital by way of an issue of 2.774 new NEPI shares for every 100 NEPI shares held on the relevant record date, being Thursday, 28 March 2013 ("return of capital") at an issue price of EUR4.43 per share or a cash dividend of EUR12.05 cents per share ("cash dividend"). A cash dividend will be paid to shareholders unless shareholders elect to receive a return of capital.
The rationale for the return of capital is to afford shareholders the opportunity to increase their shareholding in NEPI and to retain flexibility with regard to the company?s cash resources. The cash dividend will be paid out of the company's distributable profits. The new NEPI shares to be issued pursuant to the return of capital will be funded by way of a reduction of capital. As at the date of this announcement, the company had 144 362 152 ordinary shares of EUR0.01 each in issue. A circular to NEPI shareholders in respect of the election being offered to NEPI shareholders to receive either the cash dividend or the return of capital, together with an election form, will be posted to shareholders today, Friday, 1 March 2013 and is available on the company's website at www.nepinvest.com.
Salient dates
* Announcement of Euro to Rand conversion rate released on SENS on or before Wednesday, 13 March
* Last day to trade in order to be eligible for the cash dividend or alternatively the return of capital on Wednesday, 20 March
* Shares commence trading ex" the cash dividend or return of capital on Friday, 22 March
* Record date for shareholders recorded on the SA share register Thursday, 28 March
* Closing date for receipt of completed election forms by no later than 12:00 on Thursday, 28 March
* Share certificates posted and dividend payments made, CSDP/broker accounts credited/updated and new NEPI shares listed on the JSE on Monday, 8 April
* Announcement on SENS of the amount of new NEPI shares issued on Monday, 8 April. |
18-Feb-2013
(Official Notice) | |
06-Feb-2013
(Official Notice) | New Europe Property Investments plc, having its registered office on 2nd Floor, Anglo International House, Lord Street, Douglas, Isle of Man, IM1 4LN, with registered number 001211V, advises its shareholders that its condensed consolidated audited financial statements for the year ended 31 December 2012 were submitted to the Bucharest Stock Exchange (BVB) and to the Romanian National Securities Commission today, 6 February 2013.
These condensed consolidated audited financial statements are available to the public on request, in printed format, and in electronic format on the Company?s website: www.nepinvest.com. The condensed consolidated audited financial statements for the year ended 31 December 2012 was released on the Stock Exchange News Service (SENS) of the JSE, the Regulatory News Service (RNS) of the London Stock Exchange and the BVB on Wednesday, 6 February 2013. |
06-Feb-2013
(C) | Net rental and related income soared to EUR30.4 million (EUR23.7 million) while profit attributable to ordinary equity holders of the company grew to EUR33.1 million (EUR18.8 million). Headline earnings per share increased to EUR22.93cps (EUR20.04cps).
Final distribution
As detailed in the directors' commentary, the board has resolved to offer to shareholders the election to receive a cash distribution or a return of capital by way of an issue of new shares credited as fully paid up. A circular that contains details of the election, accompanied by an announcement on SENS, RNS and the BVB, will be issued in due course.
Prospects
NEPI has achieved high levels of growth in recurring distributable earnings per share over the course of the past five years and as a result achieved a nominal average compounded annual growth rate of 12.15% in distribution per share from the 2008 to 2012 financial years. It remains the Group?s ambition to pursue further attractive growth in recurring distributable earnings in 2013 and onwards. Significant progress was made through the acquisition and development activities reported above. In addition, the Group has and will continue to explore and pursue further acquisition and development opportunities in Romania and in other countries in the region. These initiatives, which include two retail development opportunities in Romania and five retail acquisition opportunities in the Central and Eastern European region, are at various stages of progress. Announcements in this regard will be made as and when appropriate. |
08-Jan-2013
(Official Notice) | The company announced its Financial Reporting Schedule for the 2013 calendar year.
* Presentation of the audited financial results for the year ended 31 December 2012: 6 February 2013
* Presentation of the annual report for the year ended 31 December 2012: 28 March 2013
* Presentation of the financial results for the 1st quarter of 2013: 15 May 2013
* Presentation of the financial results for the 1st half of 2013: 6 August 2013
* Presentation of the financial results for the 3rd quarter of 2013: 14 November 2013
Any revisions of these dates will be notified in advance. |
03-Dec-2012
(Official Notice) | NEPI advised that it has issued a total of 350 000 new ordinary shares in the company ("Scheme Shares") at a price of EUR4.00 per share pursuant to The NEPI Share Purchase Scheme. Application has been made to the JSE and the London Stock Exchange and will be made to the Bucharest Stock Exchange ("BVB") for the Scheme Shares issued under The NEPI Share Purchase Scheme to be admitted to trading on the JSE, AIM and the BVB which is expected to take place on 6 December 2012 ("Admission").
Following Admission, the total issued share capital of the company will increase to 144 362 152 ordinary shares with voting rights. Therefore, the total number of voting rights in NEPI will be 144 362 152 with effect from 6 December 2012, 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. |
23-Nov-2012
(Official Notice) | The company announce that its wholly-owned subsidiary, NEPI Nine Investment Development SRL (NEPI Nine), has concluded an agreement for the purpose of acquiring a plot of land of approximately 12.7 hectares in Galati, Romania from a local Romanian company (the Galati transaction). Galati is the seventh largest Romanian city and the largest Romanian port town on the Danube River. It is some 25 kilometres from Promenada Mall Braila, NEPI?s regional shopping centre in Braila. There are no major retail centres in Galati.
NEPI Nine has entered into the Galati transaction with the intention of developing a retail centre anchored by a hypermarket and several international value brands (the proposed Galati development). The site for the proposed Galati development is located on one of the main boulevards of Galati, which has good vehicular access. The Galati transaction is subject to the fulfilment of a number of conditions. The Galati transaction is not categorisable in terms of the Listings Requirements of the JSE Limited. Further announcements in relation to the proposed Galati development will be made as and when appropriate. |
19-Nov-2012
(Official Notice) | |
14-Nov-2012
(Official Notice) | NEPI advised its shareholders that its unaudited condensed consolidated financial results for the nine months ended 30 September 2012 were submitted to the Bucharest Stock Exchange ("BVB') and to the Romanian National Securities Commission today, 14 November 2012. These unaudited condensed consolidated financial results are available to the public on request, in printed format, and in electronic format on the company's website: www.nepinvest.com.
The unaudited condensed consolidated financial results for the nine months ended 30 September 2012 were released on the Stock Exchange News Service ("SENS") of the JSE, the Regulatory News Service ("RNS") of the London Stock Exchange and the BVB today, 14 November 2012. |
29-Oct-2012
(Official Notice) | Shareholders are referred to the announcements released on SENS on 5 October 2012 and 12 October 2012 in relation to the rights offer by NEPI under the terms of which NEPI shareholders will be offered a total of 12 345 680 new NEPI shares ("the rights offer") and are advised that the circular to NEPI shareholders in respect of the rights offer was posted to NEPI shareholders on 29 October 2012. |
12-Oct-2012
(Official Notice) | Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE, the Regulatory News Service of the London Stock Exchange and the Bucharest Stock Exchange (the BVB) on 5 October 2012 in relation to the rights offer by NEPI (the rights offer) under the terms of which NEPI shareholders will be offered a total of 12 345 680 new NEPI shares (new NEPI shares or rights offer shares?) in the ratio of 9.37648 new NEPI shares for every 100 NEPI shares held by them on Friday, 26 October 2012 for shareholders on either the South African share register or the UK share register, at a subscription price per rights offer share of R43.50 for shareholders on the South African share register and ?4.05 for shareholders on the UK share register.
Shareholders registered in Romania on Monday, 22 October 2012 will have the right to trade their pre-emptive rights on BVB, being 9.37648 rights for every 100 shares owned at that date, and the holders of pre-emptive rights registered in Romania on Wednesday, 7 November 2012 will have the right to subscribe for new NEPI shares at a subscription price per rights offer share of GPB4.05.
Shareholders are advised that the rights offer circular has been approved by the JSE, and notified to the Romanian National Securities Commission and that all regulatory approvals have been obtained from the BVB 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, 5 October 2012 and published in the press in South Africa on Monday, 8 October 2012, save that shareholders who hold shares on the SA share register are advised that the maximum number of rights offer shares will be listed and commence trading on the JSE on Tuesday, 13 November 2012 and not Monday 12 November 2012 as previously indicated. Accordingly, shareholders on the SA share register may not commence trading in the rights offer shares until Tuesday, 13 November 2012. |
08-Oct-2012
(Official Notice) | Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE, the Regulatory News Service of the London Stock Exchange and the Bucharest Stock Exchange on 5 October 2012 in relation to the rights offer by NEPI (the rights offer) under the terms of which NEPI shareholders will be offered a total of 12 345 680 new NEPI shares (new NEPI shares or rights offer shares) in the ratio of 9.37648 new NEPI shares for every 100 ordinary shares held by them on Friday, 26 October 2012 for shareholders on either the South African share register or the UK share register, or on Monday, 22 October 2012 for shareholders registered in Romania.
Shareholders are advised that NEPI has hedged the EUR:ZAR exchange rate at a forward rate of 1.00:R10.866 in respect of the proceeds from the rights offer which the company expects to receive from South Africa. This has no impact on the subscription price for rights offer shares as previously announced. |
05-Oct-2012
(Official Notice) | |
01-Oct-2012
(Official Notice) | NEPI advises that it has placed a total of 2 980 061 new ordinary shares in the Company ("New Shares") with shareholders registered on the South African register at a price of R43.50 per share pursuant to a placement for cash, raising gross proceeds of R129.6 million (the "Private Placement"). At this level, the Private Placement was heavily oversubscribed. The issue price of R43.50 represents a 2% discount to the 30 business day volume weighted average traded price prior to the date that the Private Placement was agreed between NEPI and the parties subscribing for the New Shares. 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 Shares issued under the Private Placement to be admitted to trading on the JSE Ltd., the AIM Market of the London Stock Exchange and the Bucharest Stock Exchange ("BVB") which is expected to take place on Wednesday, 3 October 2012 ("Admission").
Total voting rights
Following Admission, the total issued share capital of the Company will increase to 131 666 472 Ordinary Shares with voting rights. Therefore, the total number of voting rights in NEPI will be 131 666 472 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. |
21-Sep-2012
(Official Notice) | Shareholders are referred to the previous announcements, the last of which was released on 31 August 2012, in respect the election by shareholders to receive a return of capital by way of an issue of 3 new NEPI shares (new NEPI shares) for every 100 NEPI shares held on the relevant record date, being Friday, 14 September 2012 (return of capital) or a cash dividend of 11.24 Euro cents per share (119.36880 ZAR cents per share) (cash dividend).
Following completion of the election, the company hereby announces that in respect of the return of capital, a total of 3 224 460 new NEPI shares will be issued on market as listed shares on Friday, 21 September 2012 on the JSE, the AIM Market of the London Stock Exchange and the Bucharest Stock Exchange. The new NEPI shares will rank pari passu in every respect with existing listed shares of the company and are fully fungible with effect from the date of listing.
Following the issue of the new NEPI shares in the company, the total issued share capital of the company will increase to 128 686 411 ordinary shares with a par value of EUR0.01 per share. Certificated shareholders who elected to receive the new NEPI shares should note that share certificates will be posted to shareholders on Friday, 21 September 2012. The cash dividend is distributed by bank transfer, therefore shareholders on the UK register who have not yet provided bank details to the company, are asked to contact the company at its registered office which is Lord Street, Douglas, Isle of Man, IM1 4LN, 2nd Floor, Anglo International House, Phone +44 (0) 2031 801 547, to make the necessary arrangements.
Dematerialised shareholders should note that the CREST, CSDP, broker and the (Romanian) Central Depository accounts holding dematerialised shares are in the process of being credited with either a cash dividend or new NEPI shares, according to the elections made. |
31-Aug-2012
(Official Notice) | Shareholders were referred to the dividend declaration announced on 24 August 2012 and were advised that shareholders on the South African share register will receive their cash dividend in South African Rand converted from Euro at an exchange rate of EUR1.00 : ZAR10.62. Accordingly, the cash dividend of 11.24 Euro cents per share will be equal to 119.36880 ZAR cents per share.
Shareholders who elect to receive new NEPI shares (''new NEPI shares'') instead of the cash dividend will be entitled to 3 new NEPI shares for every 100 NEPI shares held by the shareholder at the record date, being Friday, 14 September 2012.
In terms of the Listings Requirements of the JSE Ltd. regarding the new Dividends Tax effective 1 April 2012, the following additional information is disclosed:
1. The gross local dividend amount is 119.36880 ZAR cents per share for shareholders exempt from paying the new Dividends Tax.
2. The net local dividend amount is 101.46348 ZAR cents per share for shareholders liable to pay the new Dividends Tax.
Shareholder were further advised that note 4 contained in the salient dates and times section of the circular to NEPI shareholders and note 3 in the dividend declaration announcement, both issued on Friday, 24 August 2012 should read as follows:
''Share certificates may not be dematerialised or rematerialised, nor may transfers of shares between sub-registers in the United Kingdom, South Africa and Romania take place between Monday, 10 September 2012 and Friday, 21 September 2012 both days inclusive.'' |
24-Aug-2012
(Official Notice) | Shareholders were advised that at the general meeting of the company held on Friday, 24 August 2012, convened in terms of the notice of general meeting contained in the circular to NEPI shareholders issued on 1 August 2012, all ordinary and special resolutions proposed thereat were passed without modification by the requisite majority of NEPI shareholders in each instance. |
24-Aug-2012
(Official Notice) | As announced on 7 August 2012, shareholders are advised that the board of the company has declared an interim dividend for the six months ended 30 June 2012 and that the board has resolved to offer to shareholders the election to receive a return of capital by way of an issue of 3 new NEPI shares for every 100 NEPI shares held on the relevant record date, being Friday, 14 September 2012 ("return of capital") or a cash dividend of EUR11.24 cents per share ("cash dividend"). A cash dividend will be paid to shareholders unless shareholders elect to receive a return of capital. The rationale for the return of capital is to afford shareholders the opportunity to increase their shareholding in NEPI and to retain flexibility with regard to the company?s cash resources. The cash dividend will be paid out of the company's distributable profits. The new NEPI shares to be issued pursuant to the return of capital will be funded by way of a reduction of capital. As at the date of this announcement, the company had 125 461 951 ordinary shares of EUR0.01 each in issue. A circular to NEPI shareholders in respect of the cash dividend and the return of capital together with an election form, was posted to shareholders today, 24 August 2012 and is available on the company?s website at www.nepinvest.com.
Salient dates and times for shareholders on the South African share register:
*Announcement of Euro to Rand conversion rate released on SENS on Friday, 31 August 2012
*Last day to trade in order to be eligible for the cash dividend or alternatively the return of capital on Friday, 7 September 2012
*Shares commence trading "ex" the cash dividend or return of capital on Monday, 10 September 2012
*Record date for shareholders recorded on the SA share register Friday, 14 September 2012
*Closing date for receipt of completed election forms by no later than 12:00 on Friday, 14 September 2012
*Share certificates posted and dividend payments made, CSDP/broker accounts credited/updated and new NEPI shares listed on the JSE on Friday, 21 September 2012
*Announcement on SENS of the amount of new NEPI shares issued on Friday, 21 September 2012 |
07-Aug-2012
(C) | Net rental and related income fell to EUR14.7 million (2011: EUR23.7 million). Profit for the period attributable to equity holders dived to EUR14.4 million (2011: EUR18.8 million). Furthermore, headline earnings per share dropped to EUR13.61cps (2011: EUR20.04cps).
Dividend
The board resolved to limit the half-year distribution to EUR11.24cps in respect of the six-month period ended 30 June 2012. This is an improvement of 15% over the EUR9.77cps distributed for the comparable prior interim period. |
07-Aug-2012
(Official Notice) | NEPI advised its shareholders that its condensed consolidated unaudited financial statements are available to the public on request, in printed format, and in electronic format on the company's website: www.nepinvest.com. |
03-Aug-2012
(Official Notice) | |
01-Aug-2012
(Official Notice) | NEPI shareholders were advised that the company has posted a circular to its shareholders in respect of:
*an increase in the amount of share capital of the company available for issue;
*the amendment of the company's articles of association in order to provide amongst others for:
**an increase in the amount of share capital of the company available for issue;
**the authority to pay scrip dividends and to reduce share capital; and
**changes to the JSE Listings Requirements.
Shareholders are advised that the circular includes, inter alia, a notice of an extraordinary general meeting of NEPI shareholders ("general meeting") which will be held at the registered office of the company being 2nd Floor, Anglo International House, Lord Street, Douglas, Isle of Man at 10:00 British Summer Time ("BST") on Friday, 24 August 2012 for the purposes of considering and, if deemed fit, passing the resolutions stated in the notice of general meeting forming part of the circular. The salient dates and times in relation to the general meeting are set out in the table below:
*Circular (together with notice of general meeting) posted to shareholders on Wednesday, 1 August 2012
*Register time and date (10:00) -- Wednesday, 22 August 2012
*Last day to lodge forms of proxy for the general meeting (by 10:00) on Wednesday, 22 August 2012
*General meeting held (at 10:00) on Friday, 24 August 2012
*Results of the general meeting released on SENS, RNS and the BVB -- Friday, 24 August 2012 |
13-Jul-2012
(Official Notice) | Shareholders were referred to the announcement released on 16 March 2012 regarding the company's Financial Reporting Schedule for the 2012 calendar year and were advised that the Financial Reporting Schedule has been revised as set out in the below. The Revised Financial Reporting Schedule for the 2012 calendar year has been notified to the Romanian National Securities Commission (NSC) and the Bucharest Stock Exchange (BVB) as required by NSC Regulation 1/2006 and the BVB Rulebook.
*Presentation of the audited financial results for 2011: 8 February 2012
*Presentation of the annual reports for 2011: 30 March 2012
*Presentation of the financial results for the 1st quarter of 2012: 15 May 2012
*Presentation of the financial results for the 1st half of 2012: 7 August 2012
*Presentation of the financial results for the 3rd quarter of 2012: 14 November 2012
Any revisions of these dates will be notified in advance. |
14-Jun-2012
(Official Notice) | NEPI advises that it has issued a total of 2 055 000 new ordinary shares in the company ("scheme shares") at a price of EUR3.28 per share pursuant to The Share Purchase Scheme. Therefore, the total number of voting rights in NEPI will be 125 461 951 with effect from 20 June 2012. |
06-Jun-2012
(Official Notice) | |
15-May-2012
(Official Notice) | NEPI advised that it has placed a total of 13,505,201 new ordinary shares in the company ("new shares") with shareholders registered on the United Kingdom register at a price of EUR3.20 per share pursuant to a placement for cash, raising gross proceeds of EUR43.22 million (the "Private Placement"). The issue price of EUR 3.20 represents a 6.8% discount to the 30 business day volume weighted average traded price prior to the date that the Private Placement was agreed between NEPI and the parties subscribing for the New Shares. 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 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 22 May 2012 ("Admission"). Following Admission, the total issued share capital of the Company will increase to 123 406 951 Ordinary Shares with voting rights. Therefore, the total number of voting rights in NEPI will be 123 406 951.
Financial effects of private placement
* Basic weighted average earnings per share (EUR cents): 23.86 - 22.08
* Headline earnings per share (EUR cents): 20.04 - 18.87
* Net asset value per share (EUR): 2.41 - 2.52
* Number of shares in issue for net asset value and net tangible asset value per share purposes: 97 569 456 - 112 674 657. |
15-May-2012
(Official Notice) | Shareholders are advised that NEPI has, through two of its subsidiaries, concluded a settlement agreement with the vendors (the "Vendors") of Promenada Mall Braila, situated in Romania (the "BelRom Settlement"). Under the terms of the BelRom Settlement, the group will receive an early settlement amount of EUR11 478 874 (the "Settlement Amount"), payable in cash, from the Vendors. The Settlement Amount represents amounts owed to the Group by the Vendors in relation to the completion of the Cinema City premises being delayed beyond the agreed timetable and exceeding the agreed budget and amounts owed or expected to be owed to the Group by the Vendors as a result of net operating income warranties, made by the Vendors, being breached. The Settlement Amount will be recognised in the financial statements of the group for the six-month period ending 30 June 2012. Shareholders are advised that Promenada Mall Braila is performing well and in accordance with the company's expectations. The expansion referred to in NEPI's 2011 annual report was completed on 10 May 2012 with the opening of H-M and C-A. The company is considering a further expansion phase to accommodate increasing demand for retail space from tenants. |
15-May-2012
(Official Notice) | Shareholders are advised that NEPI anticipates that the dividend per share for the six months ended 30 June 2012 will be between 15% and 16% higher than for the six months ended 30 June 2011. The interim financial results announcement for the six months ended 30 June 2012 will be published on or about 14 August 2012. |
03-May-2012
(Official Notice) | Further to the announcement made on 18 April 2012, NEPI advised 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 EUR3.20 per share in respect of the United Kingdom register and RON13.99 per share in respect of the Romanian Register, pursuant to a placing for cash, raising gross proceeds of EUR5 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 Ltd. 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. |
26-Apr-2012
(Official Notice) | The company announces that its annual general meeting was held on Thursday, 26 April 2012, at the company's registered office at 2nd Floor, Anglo International House, Lord Street, Douglas, Isle of Man. All resolutions proposed were passed by the requisite majorities of NEPI shareholders. |
18-Apr-2012
(Official Notice) | As required by the National Securities Commission of Romania, NEPI advised 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 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. |
16-Mar-2012
(Official Notice) | NEPI advised its shareholders that its annual report for the year ended 31 December 2011 is being posted today to shareholders. It contains no changes from the audited results which were published on RNS, SENS and the Bucharest Stock Exchange ("BVB") on 8 February 2012. The 2011 Annual Report contains a notice of AGM for NEPI shareholders, which will be held at its registered office being 2nd Floor, Anglo International House, Lord Street, Douglas, Isle of Man on at 10:00 am BST on 26 April 2012. Shareholders are further advised that its 2011 annual report will be submitted today to the BVB, the JSE and to the Romanian National Securities Commission. The 2011 annual report will be available today in electronic format on the company's website: www.nepinvest.com. |
16-Mar-2012
(Official Notice) | Shareholders are referred to the announcement released on 11 January 2012 regarding the company's financial reporting schedule for the 2012 calendar year and are advised that the financial reporting schedule has been revised as set out in the table below. The revised financial reporting schedule for the 2012 calendar year has been notified to the Romanian National Securities Commission ("NSC") and the Bucharest Stock Exchange ("BVB") as required by NSC Regulation 1/2006 and the BVB Rulebook.
*Presentation of the audited financial results for 2011 -- 8 February 2012
*Presentation of the annual report for 2011 -- 16 March 2012
*Annual General Meeting -- 26 April 2012
*Presentation of the financial results for the 1st quarter of 2012 -- 15 May 2012
*Presentation of the financial results for the 1st half of 2012 -- 14 August 2012
*Presentation of the financial results for the 3rd quarter of 2012 -- 14 November 2012
Any further revisions of these dates will be notified in advance. |
01-Mar-2012
(Official Notice) | Shareholders are referred to the announcements regarding the proposed development of the Victoria City Centre shopping centre released on 17 November 2011 and 20 December 2011. As per the announcement of 20 December 2011 the proposed development is subject to the shareholders of the development company, being NE Property Cooperatief U.A. (NEPI's wholly-owned subsidiary),
Kitma Holdings Ltd. and Grenoui Holdings Ltd., approving a project development plan. It was intended that the project development plan would be approved at a meeting of the shareholders of the development company on 28 February 2012. However, shareholders of the development company are still finalising the project development plan and accordingly have agreed to postpone the meeting at which the project development plan will be adopted. Further announcements will be released in this regard in due course.
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09-Feb-2012
(Official Notice) | Further to the dividend declaration announced on 08 February 2012, shareholders of the company are advised that shareholders on the South African sub-register will receive a final dividend per ordinary share of 106.18231 South African cents which is based on an exchange rate of 10.1319 South African Rand per euro. |
09-Feb-2012
(Official Notice) | The condensed consolidated audited financial statements for the year ended 31 December 2011 was released on SENS, the Regulatory News Service ("RNS") of the London Stock Exchange and the BVB on Wednesday, 8 February 2012. NEPI advised shareholders that in the version of the announcement released on SENS the figure presented as "trade and other payables" in the consolidated statement of financial position as at 31 December 2011 should read EUR5 251 265. |
08-Feb-2012
(Official Notice) | New Europe Property Investment plc, having its registered office on 2nd Floor, Anglo International House, Lord Street, Douglas, Isle of Man, IM1 4LN, with registered number 001211V, advises its shareholders that its condensed consolidated audited financial statements for the year ended 31 December 2011 was submitted to the Bucharest Stock Exchange ("BVB") and to the Romanian National Securities Commission. These condensed consolidated financial statements are available to the public on request, in printed format, and in electronic format on Company?s website: www.nepinvest.com. The condensed consolidated audited financial statements for the year ended 31 December 2011 was released on SENS of the JSE, the Regulatory News Service ("RNS") of the London Stock Exchange and the BVB on Wednesday, 8 February 2012.
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08-Feb-2012
(C) | Net rental and related income soared to EUR23.7 million (EUR16.2 million) while profit attributable to ordinary equity holders of the company grew to EUR18.8 million (EUR6.9 million). Headline earnings on a per share basis increased to EUR20.04cps (EUR11.07cps).
Dividend
The board has approved and notice was given of a dividend per share of EUR10.48cps for the six months ended 31 December 2011. Shareholders on the South African sub-register will receive dividends in South African rand, based on the exchange rate to be obtained by the company on or before 17 February 2012. A further announcement in this respect will be made on or before 17 February 2012.
Prospects
The group will continue to pursue further growth in recurring distributable earnings per share in the medium-term via the combination of an expected strong performance of its existing portfolio together with the acquisition and development activities reported on above as well as exploring further acquisitions and developments in Romania and in some of the other countries in the region. |
02-Feb-2012
(Official Notice) | |
31-Jan-2012
(Official Notice) | Shareholders are advised that NEPI anticipates that the dividend per share for the six months ended 31 December 2011 will be between 13% and 15% higher than for the six months ended 31 December 2010. The year end financial results announcement will be published on or about 8 February 2012. |
05-Dec-2011
(Official Notice) | |
05-Dec-2011
(Official Notice) | Shareholders are referred to the rights offer to NEPI shareholders which closed on 2 December 2011 in respect of shareholders on the SA share register ("the rights offer"). Shareholders are advised that the rights offer has been oversubscribed and accordingly the maximum number of 14 285 714 NEPI shares available ("new NEPI shares" or "rights offer shares") have been issued in respect of the rights offer. Shareholders are advised that a further announcement containing details of the results of the rights offer including the allocation of new NEPI shares amongst shareholders who exercised their rights, shareholders who applied for excess rights offer shares and the underwriter will be released during the course of today, Monday 5 December 2011. The date of commencement of trading of the new NEPI shares on the JSE Ltd was Monday, 28 November 2011. Following the issue of the new NEPI shares, the total issued share capital of the company will increase to 102 783 693 ordinary shares. |
17-Nov-2011
(Official Notice) | The company announced that it has together with its wholly-owned subsidiary NE Property Cooperatief U.A. ("NEPC") concluded an Investment Framework Agreement with Kitma Holdings Ltd ("Kitma") and Grenoui Holdings Ltd ("Grenoui")(collectively, "the sellers") in terms of which NEPC will acquire a 50% shareholding in a development company, S.C. Axa CD Real Estate Development S.R.L. ("the development company") which in turn holds 99.9% of S.C. Vic City S.R.L. ("Vic City"). It is proposed that the development company will develop a 56 000 square metre shopping centre called Victoria City Centre ("the proposed development"). The land on which the proposed development is proposed to be built is owned by Vic City.
In consideration for receiving the 50% shareholding in the development company, NEPC has agreed to place EUR5 million in escrow. The proposed development is subject to the shareholders of the development company, being NEPC, Kitma and Grenoui, approving a project development plan ("the project development plan") at a general meeting ("the general meeting") of the shareholders of the development company on 20 December 2011. In the event that the project development plan is not approved by its shareholders, NEPC's 50% shareholding in the development company will be returned to the sellers and the EUR5 million placed in escrow will be returned to NEPC.
The acquisition of the 50% shareholding in the development company by NEPC is not categorisable in terms of the listings requirements on the JSE. Further announcements in relation to the proposed development will be made once the project development plan has been considered at the general meeting. The site of the proposed development is located in the Northern part of Bucharest, an area which is under-serviced, and benefits from excellent accessibility both by car and public transportation. There is a metro stop in front of the site and direct metro access to the proposed development. Further public transport is available through bus, tram and trolley lines that have their stations within 50 metres from the site of the proposed development. |
11-Nov-2011
(Official Notice) | NEPI, advised its shareholders that its report regarding the financial results for the nine months ended 30 September 2011 was submitted to the Bucharest Stock Exchange ("BVB") and to the Romanian National Securities Commission as required. The company is required to publish financial results for the nine months ended 30 September in terms of the rules of the Romanian National Securities Commission ("CNVM") and the Rule Book of the Bucharest Stock Exchange ("the BVB").The report for the nine months ended 30 September 2011 is available to the public on request, in written format, and in electronic format on company's website: www.nepinvest.com. The report regarding the financial results for the nine months ended 30 September 2011 was released on the Stock Exchange News Service ("SENS") of the JSE, the Regulatory News Service ("RNS") of the London Stock Exchange and the BVB on Friday, 11 November 2011. |
07-Nov-2011
(Official Notice) | Shareholders are referred to the announcements released on SENS on 21 October 2011 relation to the rights offer by NEPI ("the rights offer") and were advised that the circular to NEPI shareholders in respect of the rights offer, was made available on Monday, 7 November on the company's website at www.nepinvest.com. |
28-Oct-2011
(Official Notice) | Shareholders are referred to the announcement released on SENS 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 at a subscription price per rights offer share R30.00 for shareholders on the SA share register. Shareholders were advised that the rights offer circular has been approved by the JSE 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.
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. |
24-Oct-2011
(Media Comment) | According to Business Day, New Europe Property Investments (Nepi) said on Friday that it planned to raise EUR40 million through a rights offer to fund potential acquisitions which it was in the process of negotiating. Nepi said should the acquisitions not occur, the proceeds from the rights offer would be used to repay existing borrowings. The company, which has a primary listing on the AIM bourse of the London Stock Exchange and a secondary listing on AltX, is currently trading a forward yield to June next year of 7% and can secure debt of about 5%-6%. Investment opportunities are being acquired in the region of 9% in euro terms. The company has acquired land in Ploiesti, Romania and has reached a preliminary agreement with Carrefour Property to redevelop their combined properties into a 50 000m2 regional shopping centre. |
21-Oct-2011
(Official Notice) | |
03-Oct-2011
(Official Notice) | Shareholders are advised that as a result of NEPI listing on the Bucharest Stock Exchange ("BVB"), the company is required to publish quarterly results in accordance with the rules of the BVB. Accordingly, NEPI's first quarterly report will be published in respect of the quarter ending 30 September 2011. This report will be published on or before 11 November 2011.
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10-Aug-2011
(C) | Net rental and related income amounted to EUR12 million (2010: EUR7.8 million), while profit before net finance expense increased to EUR11 million (2010: EUR6.8 million).Net attributable profit rose to EUR7.2 million (2010:EUR 2.9 million). HEPS grew to EUR9.43cps (2010: EUR7.62cps).
Distributions
An interim dividend of EUR9.77cps was declared for the period under review
Prospects
NEPI's property portfolio continues to perform well supported by the length of its lease profile and tenants with strong corporate covenants. The Group is actively pursuing further acquisition and investment opportunities and is in negotiations to conclude three transactions, which include a sizeable office acquisition, a land acquisition and a joint venture shopping centre development.
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15-Jul-2011
(Official Notice) | In terms of the Listing Requirements of the JSE Limited, property entities are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the distribution for the period to be reported upon next will differ by at least 15% from the distribution for the previous corresponding period.
Accordingly, shareholders are advised that NEPI anticipates that the dividend per share for the six months ended 30 June 2011 will be between 15% and 18% higher than for the six months ended 30 June 2010. The financial results on which this trading statement is based have not been reviewed or reported on by NEPI's auditors. The interim financial results announcement will be published on or about 11 August 2011. |
20-Jun-2011
(Official Notice) | The company advised that it has placed a total of 9 564 245 new ordinary shares ("new shares") at a price of EUR3.00 (R29.50) per share, pursuant to a placing for cash, raising gross proceeds of approximately EUR29 million (R282 million). Application has been made for the new shares to be admitted to trading on the JSE and the new shares are expected to be admitted to trading with effect from 22 June 2011 ("admission"). Following admission, the new shares will also be available for transfers to Romania for trading on the Bucharest Stock Exchange ("BVB"), in accordance with transfer and trading procedures in Romania. Following the admission to trading of the new shares, NEPI's share capital will consist of 88 497 979 ordinary shares of EUR 0.01 each ("ordinary shares") with voting rights. Therefore, the total number of voting rights in NEPI with effect from 22 June 2011 will be 88 497 979. |
17-Jun-2011
(Official Notice) | Shareholders are referred to the previous announcement, released on SENS on 19 May 2011 in respect NEPI's proposed listing on the regulated market of the Bucharest Stock Exchange ("BVB"). The company advised that it has secured formal approval from National Securities Commission ("CNVM"), the regulating authority of the capital markets in Romania, and from the Bucharest Stock Exchange for the company's shares to be admitted to trading on the BVB with effect from Monday, 20 June 2011. |
19-May-2011
(Official Notice) | As stated in the 2010 Annual Report, NEPI, a company which is currently listed on the AIM market of the London Stock Exchange and the main market of the JSE Ltd, initiated procedures for admission to trading of its shares on the regulated market of the Bucharest Stock Exchange ("BVB").
A prospectus for admission to trading of NEPI's shares on BVB was prepared by managers Banca Comerciala Romana SA and SSIF Intercapital Invest SA. The prospectus was approved by the National Securities Commission ("CNVM"), the regulating authority of the capital markets in Romania, through decision no. 469 of 18 May 2011 and was consequently published on NEPI's website (www.nepi.uk.com).
Following this decision by the CNVM, NEPI will continue to pursue formalities required by the BVB for admission to trading on the BVB. A further announcement regarding the date of commencement of trading of its shares on the BVB will be published in due course. |
10-May-2011
(Official Notice) | The company advised that it has issued a total of 2 000 000 new ordinary shares of EUR0.01 each ("scheme shares") at EUR2.99 per share, pursuant to the The NEPI Share Purchase Scheme. Application has been made for the scheme shares to be admitted to trading on the JSE Ltd and the scheme shares are expected to be admitted to trading on 16 May 2011. Following the admission to trading of the scheme shares, NEPI's share capital will consist of 78 933 734 ordinary shares of EUR 0.01 each ("ordinary shares") with voting rights. Therefore, the total number of voting rights in NEPI as at 16 May 2011 is 78 933 734. The above figure of 78 933 734 ordinary shares 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 FSA's Disclosure and Transparency Rules with effect from 16 May 2011. |
03-May-2011
(Official Notice) | The company announced that at its annual general meeting held on Tuesday, 3 May 2011, all of the resolutions proposed were passed by the requisite majority of NEPI shareholders. |
11-Apr-2011
(Official Notice) | Shareholders are advised that the notice of annual general meeting contained in the annual report (dispatched to shareholders on 30 March 2011) has been retracted. A new notice of annual general meeting for NEPI shareholders has been dispatched today, 11 April 2011. The date of the annual general meeting has been moved from 21 April 2011 to 3 May 2011. The annual general meeting will be held at NEPI's registered office, being 2nd Floor, Anglo International House, Lord Street, Douglas, Isle of Man at 10:00 am BST.
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30-Mar-2011
(Official Notice) | The company announces that its annual report for the year ended 31 December 2010 has been posted to shareholders and will shortly be available on the company's website http://www.nepi.uk.com. It contains no changes from the audited results which were published on RNS and SENS on 10 February 2011. The annual report contains a notice of annual general Meeting for NEPI shareholders, which will be held at its registered office being 2nd Floor, Anglo International House, Lord Street, Douglas, Isle of Man on at 10:00 am BST on 21 April 2011. The resolutions to be proposed at the annual general meeting include, inter alia, a resolution to adopt a new share purchase scheme. |
18-Feb-2011
(Official Notice) | Further to the dividend declaration announced on 10 February 2011, shareholders of the company were advised that shareholders on the South African register will receive their dividend in South African rand converted from euro at a bid rate of exchange as at 17 February 2011. South African shareholders are hereby advised that the exchange rate to be used will be EUR1.00 = ZAR9.8044. Accordingly, the dividend of EUR9.26 cents will be equal to 90.78874 South African cents per ordinary share. |
10-Feb-2011
(C) | Net rental and related income soared to EUR16.2 million (EUR8.3 million) while profit attributable to ordinary equity holders of the company grew dramatically to EUR6.9 million (EUR2.7 million). However, headline earnings on a per share basis declined to EUR11.07cps (EUR13.74cps).
Dividend
The company has declared a second interim dividend of 9.26 EUR cents per share and will recommend this to shareholders as a final dividend per share in respect of the 2010 financial year.
Prospects
NEPI is well positioned for further growth in distributable earnings in 2011. The Group will continue to explore further investment and development opportunities in the Romanian market. |
30 Dec 2010 14:03:03
(Official Notice) | NEPI announced the completion of the acquisition, through its wholly-owned subsidiaries NE Property Cooperatief UA and New Europe Property NV, of Ingen Europe BV ("Ingen") on 29 December 2010 ("the effective date"), as outlined in the company's previous announcement dated 29 November 2010. The effective date of the transaction is the date of transfer of ownership of the shares in Ingen into the name of NEPI.
The final purchase price ("the final purchase price") will be determined formulaically in terms of the acquisition agreement taking into account the net operating income of the property, the indexation of rental income in January 2011 and the financial statements of Ingen and Floreasca Business Park SRL as at the effective date. As far as there is a difference between the final purchase price and the estimated purchase price an adjustment amount will be paid between the purchasers and the sellers. |
20 Dec 2010 09:03:15
(Official Notice) | Shareholders are referred to the rights offer to NEPI shareholders which closed on Friday, 17 December 2010 ("the rights offer") and are advised that in respect of the 15 000 000 NEPI shares ("new NEPI shares" or "rights offer shares") which were offered, shareholders and/or their renouncees applied for a total of 15 000 000 new NEPI shares (100%). The applications included excess applications for 5 984 887 new NEPI shares of which 1 536 224 new NEPI shares will be allocated equitably based on the number of shares held by the shareholders concerned and the number of excess shares applied for, taking cognisance of the number of shares and rights held by the shareholder immediately prior to such allocation, including those taken up as a result of the rights offer, and the number of excess shares applied for by such shareholder. Following the issue of the new NEPI shares, the total issued share capital of the company will increase to 76 993 734 ordinary shares. It is expected that the new NEPI shares will commence trading on the JSE Ltd on 20 December 2010 from 9:00 am.
Dematerialised shareholders on the SA share register who have subscribed for rights offer shares will have their accounts debited and updated by their CSDP/broker on Monday, 20 December 2010. Certificated shareholders on the SA share register who have subscribed for rights offer shares will have certificates posted to them on Wednesday, 22 December 2010. Dematerialised shareholders on the SA share register who applied for excess rights offer shares will have the excess shares allocated to them debited to their accounts by their CSDP/broker on Wednesday, 22 December 2010. Certificated shareholders on the SA share register who applied for excess rights offer shares will have certificates and/or refund cheques posted to them on or about Wednesday, 22 December 2010. |
29 Nov 2010 16:49:25
(Official Notice) | |
29 Nov 2010 16:48:00
(Official Notice) | Shareholders are referred to the announcements released on SENS on 5 November 2010 and 12 November 2010 in relation to the rights offer by NEPI ("the rights offer") and are advised that the circular to NEPI shareholders in respect of the rights offer, has been dispatched on Monday, 29 November 2010. The circular is available on the company's website at www.nepi.uk.com. The rights offer opened on 29 November 2010 and will be implemented in accordance with the timetable detailed in the announcement released on SENS on 5 November 2010. |
12 Nov 2010 12:18:25
(Official Notice) | Shareholders are referred to the announcement released on the SENS of the JSE and the Regulatory News Service ("RNS") of the London Stock Exchange on 5 November 2010 in relation to the rights offer by NEPI ("the rights offer") in terms which NEPI shareholders will be offered 24.21943 new NEPI shares ("rights offer shares") for every 100 NEPI shares held by them on Friday, 26 November 2010, at a subscription price per rights offer share of EUR2.67 for shareholders on the UK share register and R26.00 for shareholders on the SA register, calculated using a EUR/ZAR exchange rate of EUR1.00:R9.75.
Shareholders are advised that:
*the rights offer circular has been approved by the JSE; and
*the rights offer circular, form of instruction and other documents have been registered with the Companies and Intellectual Property Registration Office, as required by Section 146A of the South African Companies Act (Act 61 of 1973), as amended, 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 SENS on Friday, 5 November 2010 and published in the press in South Africa on Monday, 8 November 2010. |
05 Nov 2010 12:31:48
(Official Notice) | |
03 Nov 2010 14:33:09
(Official Notice) | Shareholders are referred to the cautionary announcement dated 21 September 2010 and are advised that for purposes of compliance with the listings requirements of the JSE Ltd, negotiations in relation to the potential acquisitions are still in progress which, if successfully concluded, may have a material effect on the price of NEPI's shares. Although no certainty can be given that these negotiations will be concluded successfully, the company has made significant progress in the negotiations to date. Accordingly, shareholders are advised to continue exercising caution when dealing in their NEPI shares until a further announcement is made in this respect. Further details of the proposed rights offer to raise approximately EUR40 million will be published in due course. |
21 Sep 2010 11:31:37
(Official Notice) | Shareholders are advised that it is NEPI's intention to undertake a rights offer ("the rights offer") to raise approximately EUR40 million. The proceeds from the rights offer are expected to be used to fund potential acquisitions which NEPI is in the process of negotiating ("the potential acquisitions"). If successfully concluded, the negotiations may have a material effect on the price of NEPI's securities. Accordingly, shareholders of the company are advised to exercise caution when dealing in NEPI's securities until a further announcement is made in respect of the rights offer and the potential acquisitions. |
08 Sep 2010 16:32:08
(Official Notice) | New Europe Property Investments plc, the Central and Eastern European property investment company which has a listing on the main board of the JSE Limited and a listing on the AIM market of the London Stock Exchange, announces that Mr Steven Van Den Bossche has resigned from his position as independent non- executive director to the board of NEPI, with immediate effect. |
20 Aug 2010 15:37:25
(Official Notice) | Further to the dividend declaration announced on 6 August 2010, shareholders of the company are advised that shareholders on the South African register will receive their dividend in South African Rand converted from Euro at a bid rate of exchange as at 20 August 2010. South African shareholders are hereby advised that the exchange rate to be used will be EUR1.00 = R9.34000. Accordingly, the dividend of 8.35 Euro cents will be equal to 77.989 South African cents per ordinary share. |
12 Aug 2010 17:20:41
(Official Notice) | NEPI, the Central and Eastern European property investment company which has a listing on the Main Board of the JSE Ltd and a listing on the AIM market of the London Stock Exchange, announces that Andrew Mackenzie Dawson has resigned from the position of company secretary, to be replaced by Cornelius Eduard Cassell with effect from 11 August 2010, the registered office of the company has changed from Falcon Cliff, Palace Road, Douglas, Isle of Man, IM2 4LB to 2nd Floor, Anglo International House, Lord Street, Douglas, Isle of Man, IM1 4LN.
With effect from 11 August 2010 Maitland Services Limited has tendered its resignation as registered agent and that Sabre Fiduciary Ltd has been appointed as new registered agent, with immediate effect. Mr Cassell also be appointed as an alternate director to Dewald Lambertus Joubert with effect from 11 August 2010. |
06 Aug 2010 18:29:17
(C) | Net rental and related income amounted to EUR7 797 115 (2009: EUR3 520 962), profit before net finance expense increased to EUR6 770 552 (2009: EUR4 623 836), while the net asset value per share was recorded at EUR2.04cps (2009: EUR1.86cps). HEPS dropped to EUR7.62cps (2009: EUR14.79cps).
Distributions
An interim dividend of EUR8.35 cents per share was declared for the period under review
Prospects
Despite continued macroeconomic weakness in Romania, NEPI's property portfolio continues to perform well supported by the predominance of long-term leases and tenants with strong corporate covenants. The company established a solid property portfolio and investment pipeline in Romania and is well positioned to continue expanding its retail asset base in Romania. |
29 Jul 2010 09:03:51
(Official Notice) | The company announced that the JSE has approved the transfer of its listing from the AltX to the Main Board with effect from Wednesday, 4 August 2010 ("the transfer"). The transfer will not affect the company's current listing on the AIM market of the London Stock Exchange. The salient dates pertaining to the transfer are set out below:
*Formal approval granted by the JSE for the transfer -- Wednesday, 28 July 2010
*Effective date of the transfer -- Wednesday, 4 August 2010
*NEPI shares to start trading on the Main Board -- Wednesday, 4 August 2010 |
01 Jul 2010 12:07:00
(Official Notice) | Further to the announcement of 22 June 2010, NEPI, which has a primary listing on the AIM market of the London Stock Exchange and a secondary listing on the Alternative Exchange of the JSE Ltd, announces that the 5 283 263 million new ordinary shares in the company issued in connection with the internalisation of the company's management function, were admitted to trading on AIM and the JSE Ltd on 28 June 2010. |
22 Jun 2010 10:00:41
(Official Notice) | NEPI announced that it has agreed to acquire all of the issued shares of the company's investment adviser, NEPI Investment Management Ltd ("NEPI IML"), (the "internalisation") from the vendors, consisting of Fortress Asset Managers (Pty) Ltd, Slabbert Family Ltd, Focus CEE Investments Ltd and CEMZ Holdings Ltd (collectively the "vendors").
Terms of the internalisation
The purchase price of approximately EUR6.3 million will be settled through the issue of 2 450 748 ordinary shares in NEPI ("vendor shares") at a price of EUR2.58 per vendor share. The vendor shares and scheme shares are expected to be admitted to trading on AIM and the JSE Ltd on 28 June 2010. The vendor shares and scheme shares shall rank pari passu with the existing ordinary shares of the company which are currently in issue. The internalisation will become effective from 30 June 2010. The employees of the investment adviser will become full time employees of NEPI as a result of the internalisation. A further announcement will be made in due course. |
28 May 2010 11:03:33
(Official Notice) | The company today announces that in conformity with the United Kingdom Transparency Directive, NEPI's capital as at 28 May 2010 consists of 56,650,471 ordinary shares of EUR 0.01 each ("Ordinary Shares") with voting rights. Therefore, the total number of voting rights in NEPI is 56,650,471. The above figure of 56,650,471 Ordinary Shares 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 FSA's Disclosure and Transparency Rules.
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25 May 2010 11:32:48
(Official Notice) | The company advises that it has issued a total of 799 633 new ordinary shares ("the new shares") at EUR2.58 per share, pursuant to the share incentive scheme of NEPI Investment Management Ltd, the company's external investment advisor, to be allocated in due course. Application has been made for the new shares to be admitted to trading on AIM and the JSE Ltd and the new shares are expected to be admitted to trading on 26 May 2010. Following the issue of the new shares, the company's issued ordinary share capital is comprised of 56 650 471 ordinary shares of EUR0.01 each. |
14 May 2010 12:04:22
(Official Notice) | The company, which currently has a primary listing on the AIM market of the London Stock Exchange and a secondary listing on the Alternative Exchange of the JSE Limited, announce the appointment of Victor Semionov as a director, effective from 13 May 2010. |
31 Mar 2010 14:33:22
(Official Notice) | The company announced that its annual report for the year ended 31 December 2009 has been posted to shareholders today and will shortly be available on the company's website http://www.nepi.uk.com. It contains no changes from the audited results which were published on RNS and SENS on 5 February 2010. |
31 Mar 2010 12:38:36
(Official Notice) | The company, which has a primary listing on the AIM market of the London Stock Exchange and a secondary listing on the Alternative Exchange of the JSE Ltd, announced that it has placed 5 882 352 new ordinary shares in the capital of the company for cash at a price of ZAR25.50 per share (equivalent to EUR 2.589744 per share), raising gross proceeds of ZAR150 million (EUR 15 233,786).
Application has been made for the new shares to be admitted to trading on AIM and the JSE Ltd with effect from 1 April 2010. Following the issue of the new shares, the total issued share capital of the company will increase to 55 850 838 ordinary shares. |
31 Mar 2010 08:50:41
(Official Notice) | The company announce that in conformity with the United Kingdom Transparency Directive, NEPI's capital as at 30 March 2010 consists of 49,968,486 ordinary shares of EUR 0.01 each ("Ordinary Shares") with voting rights. Therefore, the total number of voting rights in NEPI is 49,968,486. The above figure of 49,968,486 Ordinary Shares 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 FSA`s Disclosure and Transparency Rules. |
18 Mar 2010 12:32:32
(Official Notice) | Shareholders were referred to the announcement dated 11 March 2010 which contained a renewal of cautionary statement. The company announced that negotiations to acquire certain other additional assets in Romania from Bel Rom, have been terminated. Accordingly, caution is no longer required to be exercised by shareholders when dealing in their NEPI shares. However, shareholders are advised that NEPI continues to explore other investment opportunities in Romania which are expected to have a positive impact on the company's performance. |
04 Mar 2010 09:04:10
(Official Notice) | The company announced that at its annual general meeting held on 3 March 2010 all resolutions proposed were duly passed, save for resolution 4.1. As a result, Mr Kris Carton has not been reappointed to the board of the company. |
12 Feb 2010 15:41:03
(Official Notice) | Further to the dividend declaration announced on 5 February 2010, shareholders of the company were advised that shareholders on the South African register will receive their dividend in South African Rand converted from Euro at a bid rate of exchange as at 12 February 2010. South African shareholders are hereby advised that the exchange rate to be used will be Euro 1 = ZAR 10.4180. Accordingly, the dividend of 8.11 Euro cents will be equal to 84.48998 South African cents per ordinary share. |
10 Feb 2010 13:39:05
(Official Notice) | The company announced, for purposes of compliance with the listings requirements of the JSE Ltd, that the company's negotiation to acquire certain retail assets in Romania advanced to signing a sale and purchase agreement on 3 February 2010, which is still subject to certain conditions precedent. Further announcements regarding this acquisition will be made in due course.
Shareholders are advised that negotiations to acquire certain other additional retail assets in Romania are still in progress, which if successfully concluded may have a material effect on NEPI`' financial position and consequently on the price of the company's shares. No certainty can be given that these negotiations will be concluded successfully. Shareholders are advised to continue exercising caution when dealing in their NEPI shares until a further announcement is made in this respect. |
09 Feb 2010 09:02:13
(Official Notice) | The company announced that the notice of the annual general meeting to be held at Falcon Cliff, Palace Road, Douglas, Isle of Man on Wednesday, 3 March 2010 at 12.00 noon, has been posted to shareholders and will be available on the company?s website http://www.nepi.uk.com The company would like to clarify that the dividend record date is Friday, 26 February 2010 and not Wednesday, 26 February 2010 as was indicated in the company's preliminary results for the year ended 31 December 2009 which were published on Friday, 5 February 2010. |
08 Feb 2010 08:42:18
(Media Comment) | Business Day highlighted that New Europe Property Investments (Nepi) was well positioned to take advantage of investment opportunities in its markets and was set to continue expanding its retail asset base in Romania this year. In line with this strategy, the group invested in prior periods primarily in the high-quality office, retail and industrial property market in Romania. Chairman Peter Gray said that the group was pursuing a series of planned acquisitions. He further added that there was an acute shortage of equity in the Romanian market, and due to its balance sheet flexibility and shareholder support, the group was well positioned to take advantage of the investment opportunities that this offers. |
05 Feb 2010 12:25:58
(C) | Net rental and related income for the year ended December 2009 increased to EUR8,270,884 (EUR6,315,183 Dec 08). Headline earnings was EUR 4,039,384. Headline earnings per share was 1330 cents Profit before net finance EUR 8,289,372, while net asset value per share came to 1950 cents. Distributable earnings per share for the six months ended 31 December 2009 was 8110 cents.
Prospects
The company is well positioned to continue to take advantage of investment opportunities in its markets and is set to continue expanding its retail asset base in Romania during 2010. |
29 Dec 2009 09:13:32
(Official Notice) | Further to the cautionary announcement dated 16 November 2009, the Company announces, for purposes of compliance with the Listings Requirements of the JSE Ltd, that negotiations to acquire certain additional retail assets in Romania are still in progress, which if successfully concluded may have a material effect on NEPI's financial position and consequently on the price of the company's shares. Although no certainty can be given that these negotiations will be concluded successfully, the company has made significant progress and expects to make a further announcement in this regards with the release of the financial statements for the year ended 31 December 2009. Accordingly, shareholders are advised to continue exercising caution when dealing in their NEPI shares until a further announcement is made in this respect. |
17 Dec 2009 16:53:58
(Media Comment) | According to the Financial Mail, NEPI will be able to repeat Resilient Property Income Fund Ltd's ("Resilient's") success in South Africa in Europe. At a time when Resilient's competitors have gone into slowing property markets in the developing world, Resilient, through NEPI, has entered the Romanian market. Directors Jeff Zidel and Martin Slabbert are optimistic about NEPI's prospects because the full effects of Romania's accession to the EU has not been felt yet, the Romanian's have much more disposable income than South Africans, and promising new acquisitions. |
17 Nov 2009 15:03:01
(Official Notice) | The following directors have been appointed: Kris Carton, Steven Van Den Bossche and Jeff Zidel as additional non-executive directors. |
16 Nov 2009 10:57:37
(Official Notice) | The company announces, for purposes of compliance with the listings requirements of the JSE Ltd, that negotiations to acquire certain additional retail assets in Romania are still in progress, which if successfully concluded may have a material effect on NEPI's financial position and consequently on the price of the company's shares. Although no certainty can be given that these negotiations will be concluded successfully, the company has made significant progress in the negotiations to date. Shareholders are advised to continue exercising caution when dealing in their NEPI shares until a further announcement is made in this respect. |
13 Nov 2009 17:02:52
(Official Notice) | The company announced the appointments of Kris Carton, Steven Van Den Bossche and Jeff Zidel as additional non-executive directors, with effect from 11 November 2009. |
20 Oct 2009 16:31:46
(Official Notice) | The company advised that it has issued a total of 9 014 781 new ordinary shares at a price of approximately Eur2.03 per share, pursuant to the acquisition of the holding company of the European Retail Park in Braila. Application has been made for the new shares to be admitted to trading on AIM and the JSE Ltd and the shares are expected to be admitted to trading tomorrow. Following the issue of the new shares, the company's issued ordinary share capital is comprised of 40 022 995 ordinary shares of Eur0.01 each. |
05 Oct 2009 09:11:41
(Official Notice) | |
01 Oct 2009 10:42:08
(Official Notice) | The company announced that in conformity with the United Kingdom Transparency Directive, NEPI's capital as at 30 September 2009 consists of 31 008 214 ordinary shares of EUR 0.01 each with voting rights. Therefore, the total number of voting rights in NEPI is 31 008 214. The above figure of 31 008 214 ordinary shares 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 FSA's Disclosure and Transparency Rules. |
17 Sep 2009 10:01:22
(Official Notice) | The company has issued 2 815 000 new ordinary shares in the capital of the company (the "new shares") pursuant to a placing for cash at a price of R23.50 per share (equivalent to EUR2.10 per share), raising gross proceeds of R66.15 million (EUR5.9 million). The company has issued a further 43 214 new shares to certain employees of NEPI Investment Management Ltd, the company's investment manager, pursuant to its share incentive scheme. Application has been made for the new shares to be admitted to trading on AIM and the JSE Ltd on 18 September 2009. |
09 Sep 2009 15:31:48
(Official Notice) | The company announced that at its Extraordinary General Meeting held on Friday, 4 September 2009, the following resolution was passed unanimously. |
26 Aug 2009 10:16:58
(Official Notice) | The company announced, for purposes of compliance with the listings requirements of the JSE Ltd, that negotiations to acquire certain assets are still in progress, which if successfully concluded may have a material effect on NEPI's financial position and consequently on the price of the company's shares. No certainty can be given that these negotiations will be concluded successfully. Shareholders are advised to continue exercising caution when dealing in their NEPI shares until a further announcement is made in this respect. |
14 Aug 2009 09:02:43
(Official Notice) | Further to the dividend declaration announced on 4 August 2009, shareholders of the company are advised that shareholders on the South African register will receive their dividend in South African Rand converted from Euro at a bid rate of exchange as at 13 August 2009. South African shareholders are hereby advised that the exchange rate to be used will be Euro 1 = ZAR 11.3970. Accordingly, the dividend of 7.66 Euro cents will be equal to 87.30102 South African cents per ordinary share. |
14 Jul 2009 14:19:35
(Official Notice) | The company announces, for purposes of compliance with the JSE Ltd Listings Requirements, that NEPI has entered into negotiations to acquire certain assets, which if successfully concluded may have a material effect on NEPI's financial position and consequently on the price of the company's shares. No certainty can be given that these negotiations will be concluded successfully. Accordingly, shareholders are advised to exercise caution when dealing in their NEPI shares until a further announcement is made in this respect. |
08 May 2009 11:38:11
(Official Notice) | On 22 April 2009 NEPI announced that it was considering a potential offer to acquire the entire issued share capital of Carpathian at a price of EUR0.20 per Carpathian share in cash (the "proposed offer"). The proposed offer has been rejected by Carpathian. Subsequent to the rejection of the proposed offer further discussions with Carpathian that included a possible share alternative offer for those current shareholders of Carpathian who may not wish to dispose of their investment in Carpathian also failed. NEPI confirms that discussions with Carpathian concerning the proposed offer have been terminated. However, NEPI reserves the right to make an offer at a lower price with the recommendation of Carpathian and reserves the right to vary the form and/or mix of consideration. Caution is no longer required to be exercised by NEPI shareholders when dealing in their shares. |
08 May 2009 11:33:44
(Official Notice) | Further to the dividend declaration announcement published on SENS on 23 April 2009, shareholders of the company are advised that shareholders on the South African register will receive their dividend in South African rand converted from euro at a bid rate of exchange on 7 May 2009. South African shareholders are hereby advised that the exchange rate to be used will be EUR1=R11.2440. Accordingly, the dividend of EUR7.24c will be equal to 81.40656 South African cents per ordinary share. |
23 Apr 2009 09:12:34
(Official Notice) | The board of Directors of the company yesterday declared a final dividend of 7.24 Euro cents per ordinary share for the year ended 31 December 2008. The salient dates for the dividend are as follows:
Last day to trade - Friday, 15 May 2009
Ex-dividend date - Monday, 18 May 2009
Ex-dividend date - Wednesday, 20 May 2009
Record date - Friday, 22 May 2009
Payment date - Friday, 5 June 2009
No dematerialisation or rematerialisation of share certificates, nor transfer of shares between registers in the Isle of Man and South Africa will take place between Monday, 18 May 2009 and Friday, 22 May 2009, both dates inclusive. Shareholders on the South African register will receive their dividend in South African Rand. |
23 Apr 2009 08:54:45
(Official Notice) | The board of New Europe Property Investments plc announces that the company has approached the board of Carpathian with a potential offer to acquire the entire issued share capital of Carpathian at a price of EUR0.20 per Carpathian share in cash, subject to certain conditions..
Pursuant to Rule 2.4(c) of the City code on takeovers and mergers, the company reserves the right to make an offer for Carpathian at a lower price with the recommendation of the board of Carpathian. The company also reserves the right to vary the form and/or mix of consideration of any offer that may be made.
This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.5 of the takeover code and, at this stage, there can be no certainty that an offer or any other transaction will occur. Pending further announcements, shareholders of the company are advised to exercise caution when dealing in the company's shares. |
21 Apr 2009 17:12:47
(Official Notice) | Further to the announcement made on AIM on 15 April 2009, the company's shares were admitted to trading on the Alternative Exchange of the JSE Ltd on Friday, 17 April 2009 and the relevant South African resident shareholders have now repurchased shares in the company from the NEPI Trust at a price of R12.36 per share (being the Rand equivalent of Euro1.02 at which the shares were sold to the NEPI Trust). The NEPI Trust therefore no longer has an interest in the company's shares. |
04 Mar 2010 09:05:41
(X) | NEPI was incorporated on 23 July 2007 in the Isle of Man. The company was established to invest primarily in the high quality office, retail and industrial property market initially in Romania. In addition, NEPI acquired the German portfolio and will consider investment opportunities in other Central and Eastern European countries that are recent entrants of the EU or are considered to be on the accession path. The company's objective is to provide shareholders with an opportunity to invest in a dividend paying, long term closed-ended fund that could serve as a vehicle for investors seeking emerging European investment exposure that yields stable absolute returns and portfolio diversification. |
