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NEW EUROPE PROPERTY INVESTMENTS PLC - Rights offer finalisation announcement

Release Date: 12/10/2012 08:00
Code(s): NEP     PDF:  
Wrap Text
Rights offer finalisation announcement

NEW EUROPE PROPERTY INVESTMENTS PLC
(Incorporated and registered in the Isle of Man with registered number 001211V)
(Registered as an external company with limited liability under the laws of South Africa,
Registration number 2009/000025/10)
AIM share code: NEPI JSE share code: NEP BVB share code: NEP
ISIN: IM00B23XCH02
(“NEPI”)


                                RIGHTS OFFER FINALISATION ANNOUNCEMENT

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 €4.05.

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.

12 October 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

Corporate advisor, legal advisor as to South African law and JSE sponsor                    +27 11 283 0042
Java Capital

Romanian advisor                                                                            +40 21 222 8731
SSIF Intercapital Invest SA
Razvan Pasol

Date: 12/10/2012 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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