Issue Of Equity
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")
ISSUE OF EQUITY
The Company, which has a primary listing on the AIM market of the London Stock
Exchange and a secondary listing on the Alternative Exchange of the JSE Limited,
announces that it has placed 5,882,352 new ordinary shares in the capital of the
Company (the "New Shares") for cash at a price of ZAR25.50 per share (equivalent
to EUR 2.589744 per share), raising gross proceeds of ZAR150 million (EUR
15,233,786).
Application has been made for the New Shares to be admitted to trading on AIM and the JSE Limited with effect from 1 April 2010. Following the issue of the New Shares, the total issued share capital of the Company will increase to 55,850,838 ordinary shares.
31 March 2010
For further information please contact:
| New Europe Property Investments plc Martin Slabbert |
+40 74 432 8882 |
|---|---|
| Smith & Williamson Corporate Finance Limited Azhic Basirov / Charles Combe |
+44 20 7131 4000 |
| South African sponsor Java Capital (Proprietary) Limited |
+27 11 283 0042 |
