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NEW EUROPE PROPERTY INVESTMENTS PLC - Dealings in securities by associates of directors of NEPI

Release Date: 04/10/2016 12:00
Code(s): NEP     PDF:  
Wrap Text
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
LEI: 5493009U6H8DYLBF7R61
(“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 under the JSE Listing Requirements and the Market Abuse Regulation (“MAR”) in Europe.

Name of associate / person closely associated:          Maxtrade Seven Proprietary Limited
Name of director / person discharging managerial        Jeff Zidel. Jeff Zidel owns 100% of Maxtrade Seven Proprietary
responsibilities and relationship to director/ person   Limited
discharging managerial responsibilities and reason
for the notification:
Initial notification/amendment according to MAR:         Initial notification
Transaction date:                                        3 October 2016
Class of securities/description and type of the          Ordinary shares of EUR0.01 each
financial instrument:
Number of securities/volume:                             11 885
Price per security*:                                     ZAR150.98946
Total value:                                             ZAR1 794 509.73
Aggregated information:                                  N/A single transaction
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
Place of the transaction:                                Outside of a trading venue
Nature and extent of director’s interest:                Indirect beneficial

Name of associate / person closely associated:           CEMZ Holdings Limited
Name of director / person discharging managerial         Alexandru Morar. Alexandru Morar has an indirect beneficial
responsibilities and relationship to director/ person    interest in CEMZ Holdings Limited
discharging managerial responsibilities and reason
for the notification:
Initial notification/amendment according to MAR:         Initial notification
Transaction date:                                        3 October 2016
Class of securities/description and type of the          Ordinary shares of EUR0.01 each
financial instrument:
Number of securities/volume:                             15 055
Price per security*:                                     ZAR150.98946
Total value:                                             ZAR2 273 146.32
Aggregated information:                                  N/A single transaction
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
Place of the transaction:                                Outside of a trading venue
Nature and extent of director’s interest:                Indirect beneficial

Name of associate / person closely associated:           Groot Marico Limited
Name of director / person discharging managerial         Mirela Covasa. Mirela Covasa has an indirect beneficial interest
responsibilities and relationship to director/ person    in Groot Marico Limited
discharging managerial responsibilities and reason
for the notification:
Initial notification/amendment according to MAR:         Initial notification
Transaction date:                                        3 October 2016
Class of securities/description and type of the          Ordinary shares of EUR0.01 each
financial instrument:
Number of securities/volume:                             5 504
Price per security*:                                     ZAR150.98946
Total value:                                             ZAR 831 045.99
Aggregated information:                                  N/A single transaction
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
Place of the transaction:                                Outside of a trading venue
Nature and extent of director’s interest:                Indirect beneficial

Name of associate / person closely associated:           The Nano Trust
Name of director / person discharging managerial         Andries de Lange. Andries de Lange is a trustee and beneficiary
responsibilities and relationship to director/ person    of The Nano Trust
discharging managerial responsibilities and reason
for the notification:
Initial notification/amendment according to MAR:         Initial notification
Transaction date:                                        3 October 2016
Class of securities/description and type of the          Ordinary shares of EUR0.01 each
financial instrument: 
Number of securities/volume:                             10 176
Price per security*:                                     ZAR150.98946
Total value:                                             ZAR1 536 468.74
Aggregated information:                                  N/A single transaction
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
Place of the transaction:                                Outside of a trading venue
Nature and extent of director’s interest:                Indirect beneficial

Name of associate / person closely associated:           Ruan de Lange
Name of director / person discharging managerial         Andries de Lange
responsibilities:
Relationship to director and reason for the              Ruan de Lange is the son of Andries de Lange
notification:
Initial notification/amendment according to MAR:         Initial notification
Transaction date:                                        3 October 2016
Class of securities/description and type of the          Ordinary shares of EUR0.01 each
financial instrument:
Number of securities/volume:                             62
Price per security*:                                     ZAR150.98946
Total value:                                             ZAR9 361.35
Aggregated information:                                  N/A single transaction
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
Place of the transaction:                                Outside of a trading venue
Nature and extent of director’s interest:                Not applicable

Name of associate / person closely associated:           Ruben de Lange
Name of director / person discharging managerial         Andries de Lange
responsibilities:
Relationship to director and reason for the              Ruben de Lange is the son of Andries de Lange
notification:
Transaction date:                                        3 October 2016
Initial notification/amendment according to MAR:         Initial notification
Class of securities/description and type of the          Ordinary shares of EUR0.01 each
financial instrument:
Number of securities/volume:                             152
Price per security*:                                     ZAR150.98946
Total value:                                             ZAR22 950.40
Aggregated information:                                  N/A single transaction
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
Place of the transaction:                                Outside of a trading venue
Nature and extent of director’s interest:                Not applicable

Name of associate / person closely associated:           Sone de Lange
Name of director / person discharging managerial         Andries de Lange
responsibilities:
Relationship to director and reason for the              Sone de Lange is the wife of Andries de Lange
notification:
Initial notification/amendment according to MAR:         Initial notification
Transaction date:                                        3 October 2016
Class of securities/description and type of the          Ordinary shares of EUR0.01 each
financial instrument:
Number of securities/volume:                             212
Price per security*:                                     ZAR150.98946
Total value:                                             ZAR32 009.77
Aggregated information:                                  N/A single transaction
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
Place of the transaction:                                Outside of a trading venue
Nature and extent of director’s interest:                Not applicable

* This is the implied price in terms of the election and for Rand purposes assumes an exchange rate of EUR 1.00: ZAR
16.0952.


Following the transactions 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 (%)
 Jeff Zidel                               298 201             1 351 343                1 649 544                    0.51
 Alexandru Morar                                                771 602                  771 602                    0.24
 Mirela Covasa                                                  282 104                  282 104                    0.09
 Andries de Lange                          10 000             1 205 553                1 215 553                    0.38
 TOTAL                                    308 201             3 610 602                3 918 803                    1.22

4 October 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

Date: 04/10/2016 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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