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NEW EUROPE PROPERTY INVESTMENTS PLC - Directorate change

Release Date: 10/06/2016 16:00
Code(s): NEP     PDF:  
Wrap Text
Directorate change

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 “the Company”)


DIRECTORATE CHANGE


Tiberiu Smaranda intends to resign from his position of Executive Director as of 1 September 2016, having
decided to pursue other business opportunities.

Tiberiu will remain involved in the business during the following period, to ensure a smooth transition and
effective succession arrangements. The directors are considering candidates for executive roles on the Board of
the Company. Appointments will be made in due course and shareholders will be advised accordingly.

The Board of Directors is grateful for Tiberiu’s contribution to the Company’s development and success and
wishes him well in his future endeavours.


10 June 2016

For further information please contact:

New Europe Property Investments plc
Alex Morar                                                      +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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