Holding(s) in Company - warehousing arrangements, 21-April-2009
New Europe Property Investments PLC
Holding(s) in Company - warehousing arrangements
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 |
| ISIN Code: | IM00B23XCH02 |
Further to the announcement made on AIM on 15 April 2009, the Company's shares were admitted to trading on the Alternative Exchange ("Alt X") of the JSE Limited on Friday, 17 April 2009 and the relevant South African resident shareholders have now repurchased shares in the Company from the NEPI Trust at a price of R12.36 per share (being the Rand equivalent of €1.02 per share, the price at which the shares were sold to the NEPI Trust). The NEPI Trust therefore no longer has an interest in the Company's shares and the following are the interests of the significant shareholders (as defined by the AIM Rules) whose shares were subject to the "warehousing" arrangements (being the same as they were prior to the implementation of the "warehousing" arrangements):
| Name | Number of Shares | Percentage of issued shared capital |
| Diversified Properties 2 (Pty) Ltd | 7,392,500 | 26.26% |
| Capital Property Fund | 6,155,000 | 21.87% |
| The Suni Trust (see note 1) | 1,725,000 | 6.13% |
| Coco Haven 31 (Pty) Ltd | 1,536,600 | 5.46% |
| Optimprop 3 (Pty) Ltd (see note 1) | 1,477,500 | 5.25% |
| Chataprop Holdings 50 (Pty) Ltd | 1,477,500 | 5.25% |
| Maxtrade Seven (Pty) Ltd | 985,000 | 3.50% |
Note 1
Des de Beer, a director of the Company, is a trustee and beneficiary of the Suni Trust and is also a 50% shareholder in and the sole director of Optimprops 3 (Pty) Ltd.
In addition to the above, Mrs Madelein Slabbert, the wife of Martin Slabbert, a director of the Company, has repurchased 179,939 ordinary shares in the Company from the NEPI Trust and now holds a total of 197,500 ordinary shares in the Company, representing 0.70% of the Company's issued share capital.
For further information please contact:
| New Europe Property Investments plc Martin Slabbert |
+40 74 432 8882 |
|---|---|
| Smith & Williamson Corporate Finance Limited Azhic Basirov / Joanne Royden-Turner |
+44 20 7131 4000 |
| Java Capital (Proprietary) Limited Andrew Brooking Corporate advisor and sponsor |
+27 (0)11 283 0042 |
This information is provided by RNS
The company news service from the London Stock Exchange
