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NEW EUROPE PROPERTY INVESTMENTS PLC - Results of Rights Offer

Release Date: 29/07/2013 10:02
Code(s): NEP NEPN     PDF:  
Wrap Text
Results of Rights Offer

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” or “the company”)

RESULTS OF THE RIGHTS OFFER

Shareholders are referred to the rights offer to NEPI shareholders which closed on Friday, 19 July 2013 in respect of pre-
emptive rights holders registered in Romania and Friday, 26 July 2013 in respect of shareholders on the SA and UK share
registers (“the rights offer”). Shareholders are advised that in respect of the 20 833 328 NEPI shares (“new NEPI
shares” or “rights offer shares”) which were offered, shareholders and/or their renouncees applied for a total of
35 320 520 new NEPI shares (170% of the new NEPI shares available under the rights offer).

The applications included excess applications for 15 351 861 new NEPI shares, of which 864 669 new NEPI shares will
be allocated equitably, taking cognisance of the number of shares and rights held by the shareholder immediately prior to
such allocation, including those taken up as a result of the rights offer, and the number of excess shares applied for by
such shareholder.

The date of commencement of trading of the new NEPI shares on the JSE was Tuesday, 23 July 2013 and on the London
Stock Exchange and the Bucharest Stock Exchange is Tuesday, 30 July 2013.

Dematerialised shareholders on the SA share register who have subscribed for rights offer shares will have their accounts
debited and updated by their CSDP/broker on Tuesday, 30 July 2013. Certificated shareholders on the SA share register
who have subscribed for rights offer shares will have certificates posted to them on Wednesday, 31 July 2013.

Dematerialised shareholders on the SA share register who applied for excess rights offer shares will have the excess
shares allocated to them debited to their accounts by their CSDP/broker on Wednesday, 31 July 2013. Certificated
shareholders on the SA share register who applied for excess rights offer shares will have certificates and/or refund
cheques posted to them on or about Wednesday, 31 July 2013.

For shareholders on the UK share register, it is expected that the new NEPI shares in uncertificated form will be credited
to CREST accounts as soon as practicable after 8.00 a.m. UK time, Tuesday, 30 July 2013, and that share certificates in
respect of new NEPI shares in certificated form will be despatched to shareholders on or about Wednesday, 31 July 2013.

For shareholders on the UK share register, who have applied for excess rights offer shares, it is expected that the excess
rights offer shares in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 am UK time
on Wednesday, 31 July 2013 and that share certificates in respect of excess rights offer shares in certificated form will be
despatched to shareholders on or about Wednesday, 31 July 2013.

For pre-emptive rights holders registered in Romania who have exercised their rights, new NEPI shares will be credited to
the global accounts of the brokers/custodians, where the pre-emptive rights holders have their individual accounts, on
Tuesday, 30 July 2013.

For pre-emptive rights holders registered in Romania who have subscribed for excess rights offer shares, excess rights
offer shares will be credited to the global accounts of the brokers/custodians, where the pre-emptive rights holders have
their individual accounts, on Wednesday, 31 July 2013.

Following the issue of the 20 833 328 new NEPI shares, the total issued share capital of the company will increase to
180 111 117 ordinary shares.

Therefore, the total number of voting rights in NEPI is 180 111 117 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.

All terms defined in the circular to NEPI shareholders in respect of the rights offer, dispatched on 8 July 2013 shall have
the same meaning in this announcement.

29 July 2013

For further information please contact:

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

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

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

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

Date: 29/07/2013 10:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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