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NEW EUROPE PROPERTY INVESTMENTS PLC - Dealings in securities

Release Date: 04/12/2015 09:00
Code(s): NEP     PDF:  
Wrap Text
Dealings in securities

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”)



DEALINGS IN SECURITIES


Shareholders are advised of the following information relating to dealings in securities by associates of directors of NEPI and a
director of major subsidiaries of the Company:

 Name of associate:                                                        Garsol Limited
 Name of director and relationship to director:                            Dan Pascariu who is a shareholder of Garsol Limited
 Transaction date:                                                         30 November 2015
 Class of securities:                                                      Ordinary shares
 Number of securities:                                                     171 421
 Highest traded price*:                                                    ZAR166.50
 Weighted average price per security :                                     ZAR161.00015
 Lowest traded price*:                                                     ZAR158.00
 Total value:                                                              ZAR27 598 806.54
 Nature of transaction:                                                    On-market sale through the JSE
 Nature and extent of director’s interest:                                 Indirect beneficial

 Name of associate:                                                        Groot Marico Limited
 Name of director and relationship to director:                            Mirela Covasa, who has an indirect beneficial interest in Groot
                                                                           Marico Limited
 Transaction date:                                                         2 December 2015
 Class of securities:                                                      Ordinary shares
 Number of securities:                                                     36 458
 Price per security:                                                       ZAR165.00
 Total value of transaction:                                               ZAR6 015 570.00
 Nature of transaction:                                                    On-market sale through the JSE
 Nature and extent of director’s interest:                                 Indirect beneficial

 Name of associate:                                                        Groot Marico Limited
 Name of director and relationship to director:                            Mirela Covasa, who has an indirect beneficial interest in Groot
                                                                           Marico Limited
 Transaction date:                                                         3 December 2015
 Class of securities:                                                      Ordinary shares
 Number of securities:                                                     13 371
 Highest traded price:                                                     ZAR163.29
 Weighted average price per security:                                      ZAR162.57
 Lowest traded price:                                                      ZAR161.10
 Total value of transaction:                                               ZAR2 173 723.47
 Nature of transaction:                                                    On-market sale through the JSE
 Nature and extent of director’s interest:                                 Indirect beneficial

 Name of director**:                                                       Cristian-Sorin Badea
 Transaction date:                                                         2 December 2015
 Class of securities:                                                      Ordinary shares
 Number of securities:                                                     20 000
 Price per security:                                                       ZAR165.00
 Total value of transaction:                                               ZAR3 300 000.00
 Nature of transaction:                                                    On-market sale through the JSE
 Nature and extent of director’s interest:                                 Indirect beneficial
*Highest and lowest traded prices per security on the market on the day.
** Director of major subsidiaries of the Company
Following the above transactions:
Garsol Limited holds nil shares in NEPI;
Groot Marico holds 271,629 shares in NEPI, representing 0.09% of NEPI’s issued share capital;
Sorin Badea holds 180,000 shares in NEPI, representing 0.06% of NEPI’s issued share capital.


4 December 2015

For further information please contact:

 New Europe Property Investments plc
 Mirela Covasa                                                            +40 21 232 1398

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

 JSE sponsor
 Java Capital                                                             +27 11 722 3050

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

Date: 04/12/2015 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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