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NEP - New Europe Property Investments Plc - Issue of Equity and Total Voting

Release Date: 20/06/2011 08:00
Code(s): NEP
Wrap Text

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 JSE share code: NEP BVB share code: NEP ISIN Code: IM00B23XCH02 ("NEPI" or "the Company") ISSUE OF EQUITY AND TOTAL VOTING RIGHTS The Company advises that it has placed a total of 9,564,245 new ordinary shares ("New Shares") at a price of EUR3.00 (ZAR29.50) per share, pursuant to a placing for cash, raising gross proceeds of approximately EUR29 million (ZAR282 million). Application has been made for the New Shares to be admitted to trading on AIM and the JSE Limited 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 and in accordance with the United Kingdom Financial Services Authority`s ("FSA") Disclosure and Transparency Rules, 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. The above figure of 88,497,979 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 22 June 2011. 20 June 2011 For further information please contact: New Europe Property Investments plc +40 74 432 8882 Martin Slabbert United Kingdom Nominated Adviser & Broker +44 20 7131 4000 Smith & Williamson Corporate Finance Limited Azhic Basirov / Siobhan Sergeant South African Sponsor Java Capital +27 11 283 0042 Romanian Advisor Intercapital Invest SA +40 21 222 8731 Razvan Pasol Date: 20/06/2011 08:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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