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NEW EUROPE PROPERTY INVESTMENTS PLC - Rights Offer Finalisation Announcement

Release Date: 21/06/2013 10:00
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 code: IM00B23XCH02
(“NEPI”)

RIGHTS OFFER FINALISATION ANNOUNCEMENT

Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE (“SENS”), the
Regulatory News Service of the London Stock Exchange and the Bucharest Stock Exchange (“the BVB”) on Thursday,
13 June 2013 in relation to the rights offer by NEPI (“the rights offer”) under the terms of which NEPI shareholders will be
offered a total of 20 833 328 new NEPI shares (“new NEPI shares” or “rights offer shares”) in the ratio of 13.07987 new NEPI
shares for every 100 NEPI shares held by them on Friday, 5 July 2013 for shareholders on either the South African share register
or the UK share register, at a subscription price per rights offer share of R64.80 for shareholders on the South African share
register and €4.80 for shareholders on the UK share register and for shareholders on the Romanian share register, calculated using
a EUR:ZAR exchange rate of €1.00:R13.50.

Shareholders registered in Romania on Friday, 28 June 2013 will have the right to trade their pre-emptive rights on the BVB,
being 13.07987 rights for every 100 shares owned at that date, and the holders of pre-emptive rights registered in Romania on
Wednesday, 17 July 2013 will have the right to subscribe for new NEPI shares at a subscription price per rights offer share of
€4.80.

Shareholders are advised that the rights offer circular incorporating revised listing particulars has been approved by the JSE. The
rights offer circular incorporating revised listing particulars forms a public offer Prospectus in terms of the legislation applicable
in Romania which Prospectus has been approved by the Romanian Financial Supervision Authority with decision number
A/111/13 JUN 2013. All regulatory approvals have been obtained 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
Thursday, 13 June 2013 and published in the press in South Africa on Tuesday, 18 June 2013 save that shareholders who hold
shares on the SA share register are advised that the dematerialised shareholders’ accounts will be updated and debited by their
CSDP or broker with new NEPI shares on Tuesday, 30 July 2013 and not Wednesday, 31 July 2013 as previously indicated.
Shareholders on the SA share register may commence trading in the rights offer shares on Tuesday, 23 July 2013.

21 June 2013

For further information please contact:

                                                                                             +40 74 432 8882
New Europe Property Investments plc
Martin Slabbert

                                                                                             +44 20 7131 4000
Nominated Adviser and Broker
Smith & Williamson Corporate Finance Limited
Azhic Basirov/Siobhan Sergeant

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

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

Date: 21/06/2013 10:00:00 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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