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")
The Company advises that it has issued a total of 799,633 new ordinary shares ("the New Shares") at EUR 2.58 per share, pursuant to the share incentive scheme of NEPI Investment Management Limited, the Company`s external investment advisor, to be allocated in due course. Application has been made for the New Shares to be admitted to trading on AIM and the JSE Limited and the New Shares are expected to be admitted to trading on 26 May 2010. Following the issue of the New Shares, the Company`s issued ordinary share capital is comprised of 56,650,471 ordinary shares of EUR 0.01 each.
25 May 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 |
