TIDMNEPI
RNS Number : 8844T
New Europe Property Investments PLC
15 June 2009
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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")
DEALING IN SECURITIES
Shareholders are advised of the following information, relating to the dealing
in securities of the Company by Desmond de Beer, a non-executive director of the
Company:
+---------------------------------------------+----------------------------------------------+
| | |
+---------------------------------------------+----------------------------------------------+
| Name of non-executive director: | Desmond de Beer, who is a trustee and |
| | beneficiary of The Suni Trust, the entity |
| | which entered into the transaction. |
+---------------------------------------------+----------------------------------------------+
| Company of which a director: | Nepi |
+---------------------------------------------+----------------------------------------------+
| Transaction date: | 11 June 2009 |
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| Class of securities: | Ordinary shares |
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| Price per security: | R22.62 |
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| Number of securities: | 100,000 |
+---------------------------------------------+----------------------------------------------+
| Total value: | R2,262,000.00 |
+---------------------------------------------+----------------------------------------------+
| Nature of transaction: | Purchase |
+---------------------------------------------+----------------------------------------------+
| Nature and extent of interest: | Indirect beneficial |
+---------------------------------------------+----------------------------------------------+
| | |
+---------------------------------------------+----------------------------------------------+
Clearance to deal was received as required in terms of the JSE Listings
Requirements.
Following the purchase outlined above, through his interest in The Suni Trust,
Mr De Beer has a beneficial interest in 1,922,000 ordinary shares in the
Company, representing 6.8% of the Company's issued share capital. Mr De Beer
also has an interest in ordinary shares in the Company through his 50% interest
in Optimprops 3 (Proprietary) Limited, which holds 1,477,500 ordinary shares in
the Company, representing 5.2% of the Company's issued share capital. Mr De Beer
also directly and indirectly holds 7.2% of Resilient Property Income Fund
Limited ("Resilient") and 0.8% of Capital Property Fund ("Capital"). Resilient
has a 15.8% unitholding in Capital, which is directly interested in 6,155,000
ordinary shares in the capital of the Company, representing 21.9% of the
ordinary share capital of the Company. Resilient is also directly interested in
7,392,500 ordinary shares in the capital of the Company, representing 26.3% of
the ordinary share capital of the Company, through its ownership of Diversified
Properties 2 (Proprietary) Limited.
15 June 2009
South African sponsor
Java Capital (Proprietary) Limited
For further information please contact:
+--------------------------------------------------------------+----------------------+
| New Europe Property Investments plc | +40 74 432 8882 |
| Martin Slabbert | |
| | |
+--------------------------------------------------------------+----------------------+
| Smith & Williamson Corporate Finance Limited | +44 20 7131 4000 |
| Azhic Basirov | |
+--------------------------------------------------------------+----------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
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