NEP - New Europe Property Investments plc - Proposed private placement

Release Date: 18/04/2012 14:00
Code(s): NEP
Wrap Text

NEP - New Europe Property Investments plc - Proposed private placement New Europe Property Investments plc (Incorporated and registered in the Isle of Man with registered number 001211V) (Registered as an external company with limited liability under the laws of South Africa, registration number 2009/000025/10) AIM share code: NEPI BVB share code: NEP JSE share code: NEP ISIN: IM00B23XCH02 ("NEPI" or the "Company") PROPOSED PRIVATE PLACEMENT As required by the National Securities Commission of Romania, NEPI advises shareholders that the Company intends to undertake a placing of at least 800,000 ordinary shares in the Company ("Ordinary Shares"), on a non pre-emptive basis, with a limited number of potential investors, with such Ordinary Shares to be registered on the Romanian and the United Kingdom registers (the "Private Placement"). The board of NEPI has resolved to limit the maximum number of Ordinary Shares to be issued under the Private Placement to 1,600,000 Ordinary Shares. The Private Placement, which is not an offer to the public, is subject to the requirements of the Company`s articles of association, the Listings Requirements of the JSE Limited, the AIM Rules for Companies and the rules of the Bucharest Stock Exchange. The proceeds of the Private Placement will be used to facilitate the acquisition of further operating assets and developments. The Company expects to announce further information regarding the Private Placement by the end of April 2012. 18 April 2012 For further information please contact: New Europe Property Investments plc +40 74 432 8882 Martin Slabbert Nominated Adviser and Broker +44 20 7131 4000 Smith & Williamson Corporate Finance Limited Azhic Basirov/Siobhan Sergeant JSE sponsor +27 11 283 0042 Java Capital Romanian advisor +40 21 222 8731 SSIF Intercapital Invest SA Razvan Pasol Date: 18/04/2012 14:00:01 Supplied by 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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