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NEW EUROPE PROPERTY INVESTMENTS PLC - Dealings In Securities By Associates Of Directors Of NEPI

Release Date: 22/03/2016 12:00
Code(s): NEP     PDF:  
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Dealings In Securities By Associates Of Directors 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” or “the Company”)


DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS OF NEPI


Shareholders are advised of the following information relating to dealings in securities by a director and by associates of directors
of the Company.

 Name of associate:                                         Hollyrood Investments Proprietary Limited
 Name of director and relationship to director:             Des de Beer who owns 100% of Hollyrood Investments Proprietary
                                                            Limited
 Transaction date:                                          18 March 2016
 Class of securities:                                       Ordinary shares
 Number of securities:                                      64 242
 Price per security*:                                       ZAR161.12141
 Total value:                                               ZAR10 350 761.62
 Nature of transaction:                                     Receipt of shares in terms of an election to receive either a cash
                                                            dividend or return of capital by way of an issue of new shares
 Nature and extent of director’s interest:                  Indirect beneficial

 Name of associate:                                         Optimprops 3 Proprietary Limited
 Name of director and relationship to director:             Des de Beer who has a 50% interest in Optimprops 3 Proprietary
                                                            Limited
 Transaction date:                                          18 March 2016
 Class of securities:                                       Ordinary shares
 Number of securities:                                      19 564
 Price per security*:                                       ZAR161.12141
 Total value:                                               ZAR3 152 179.27
 Nature of transaction:                                     Receipt of shares in terms of an election to receive either a cash
                                                            dividend or return of capital by way of an issue of new shares
 Nature and extent of director’s interest:                  Indirect beneficial

 Name of associate:                                         CEMZ Holdings Limited
 Name of director and relationship to director:             Alexandru Morar, who has an indirect beneficial interest in CEMZ
                                                            Holdings Limited
 Transaction date:                                          18 March 2016
 Class of securities:                                       Ordinary shares
 Number of securities:                                      13 596
 Price per security*:                                       ZAR161.12141
 Total value:                                               ZAR2 190 606.69
 Nature of transaction:                                     Receipt of shares in terms of an election to receive either a cash
                                                            dividend or return of capital by way of an issue of new shares
 Nature and extent of director’s interest:                  Indirect beneficial

 Name of associate:                                         Theri Limited
 Name of director and relationship to director:             Tiberiu Smaranda, who has an indirect beneficial interest in Theri
                                                            Limited
 Transaction date:                                          18 March 2016
 Class of securities:                                       Ordinary shares
 Number of securities:                                      8 327
 Price per security*:                                       ZAR161.12141
 Total value:                                               ZAR1 341 657.98
 Nature of transaction:                                     Receipt of shares in terms of an election to receive either a cash
                                                            dividend or return of capital by way of an issue of new shares
 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:                                          18 March 2016
 Class of securities:                                       Ordinary shares
 Number of securities:                                      4 971
 Price per security*:                                       ZAR161.12141
 Total value:                                               ZAR800 934.53
 Nature of transaction:                                     Receipt of shares in terms of an election to receive either a cash
                                                            dividend or return of capital by way of an issue of new shares
 Nature and extent of director’s interest:                  Indirect beneficial

* This is the implied price in terms of the election and for Rand purposes assumes an exchange rate of EUR 1.00: ZAR 17.16510.

Following the transaction stated in this announcement, the holdings of the above mentioned directors are summarized below:


                                                                                                          Percentage of issued
 Director                             Direct holding     Indirect holding           Total shares held               shares (%)
 Des de Beer                                                    6 016 029                   6 016 029                     1.99
 Alexandru Morar                                                  756 547                     756 547                     0.25
 Tiberiu Smaranda                                                 463 327                     463 327                     0.15
 Mirela Covasa                                                    276 600                     276 600                     0.09
 TOTAL                                                          7 512 503                   7 512 503                     2.48

22 March 2016

For further information please contact:

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

AIM 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

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

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