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NEP - New Europe Property Investments plc - Issue of equity and Total Voting

Release Date: 03/05/2012 16:00
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 BVB share code: NEP JSE share code: NEP ISIN: IM00B23XCH02 ("NEPI" or the "Company") ISSUE OF EQUITY AND TOTAL VOTING RIGHTS Further to the announcement made on 18 April 2012, NEPI advises that it has placed a total of 1,600,000 new ordinary shares in the Company ("New Ordinary Shares") with shareholders registered on the United Kingdom and the Romanian registers at a price of EUR 3.20 per share in respect of the United Kingdom register and RON 13.99 per share in respect of the Romanian Register, pursuant to a placing for cash, raising gross proceeds of EUR 5,120,000 (the "Private Placement"). The proceeds of the Private Placement will be used to fund developments and acquisitions of further operating assets. Application has been made for the New Ordinary Shares issued under the Private Placement to be admitted to trading on the JSE Limited, AIM and the Bucharest Stock Exchange ("BVB") which is expected to take place on 4 May 2012 ("Admission"). Total Voting Rights Following Admission, the total issued share capital of the Company will increase to 109,901,750 Ordinary Shares with voting rights. Therefore, the total number of voting rights in NEPI will be 109,901,750 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, NEPI under the UK Financial Services Authority`s Disclosure and Transparency Rules. 3 May 2012 For further information please contact: New Europe Property Investments plc +40 74 432 8882 Martin Slabbert Nominated Adviser and Broker +44 20 7131 4000 Smith & Williamson Corporate Finance Limited Azhic Basirov/Siobhan Sergeant JSE sponsor +27 11 283 0042 Java Capital Romanian advisor +40 21 222 8731 SSIF Intercapital Invest SA Razvan Pasol Date: 03/05/2012 16:00:05 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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