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NEW EUROPE PROPERTY INVESTMENTS PLC - Dealings in securities by an associate of a director of NEPI

Release Date: 10/09/2014 17:00
Code(s): NEP     PDF:  
Wrap Text
Dealings in securities by an associate of a director of NEPI

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”)


DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF NEPI


Shareholders are advised of the following information relating to dealings in securities by an associate of a director of
NEPI:

Name of associate:                                          Slabbert Family Limited
Name of director and relationship to director:              Martin Slabbert, who has an indirect beneficial interest in
                                                            Slabbert Family Limited, the entity which entered into the
                                                            transaction
Transaction date:                                           8 September 2014
Class of securities:                                        Ordinary shares
Number of securities:                                       219 986
Highest traded price:                                       ZAR111.00
Weighted average price per security:                        ZAR110.93
Lowest traded price:                                        ZAR110.29
Total value of transaction:                                 ZAR24 402 765.65
Nature of transaction:                                      On-market sale of shares, held under the NEPI Share
                                                            Purchase Scheme, through the JSE
Nature and extent of director’s interest:                   Indirect beneficial

The proceeds from this sale will be used to repay part of the outstanding debt relating to the NEPI Share Purchase
Scheme.

Further to the announcement dated 20 August 2014, the sale was conducted in anticipation of Martin Slabbert
adopting an equity only basis of remuneration.


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                                                          +44 20 7131 4000

JSE sponsor
Java Capital                                                           +27 11 283 0042

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

10 September 2014

Date: 10/09/2014 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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