Result of EGM
RNS Number : 7799Y
New Europe Property Investments PLC
09 September 2009
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
ISIN Code: IM00B23XCH02
("NEPI" or "the Company")
RESULT OF EGM
The Company announces that at its Extraordinary General Meeting held on Friday, 4 September 2009, the following resolution was passed unanimously:
"Notwithstanding the provisions of article 5.4.1 of the Company's Articles of Association, the issue by the Company during the twelve-month period ending 30 May 2010 of equity securities for a consideration other than cash numbering in excess of 30% (thirty percent) of the number of equity securities in the Company's enlarged share capital be approved, provided that any issue of any securities in excess of such 30% limit is undertaken in connection with the direct or indirect acquisitions of commercial assets in Romania of a type described in the "Market overview and prospects" section of the Company's half-yearly report dated 4 August 2009."
9 September 2009
South African sponsor
Java Capital (Proprietary) Limited
For further information please contact:
| New Europe Property Investments plc Martin Slabbert |
+40 74 432 8882 |
|---|---|
| Smith & Williamson Corporate Finance Limited Azhic Basirov |
+44 20 7131 4000 |
This information is provided by RNS
The company news service from the London Stock Exchange
