TIDMNEPI
RNS Number : 1863Z
New Europe Property Investments PLC
16 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")
ISSUE OF EQUITY
The Company has today issued 2,815,000 new ordinary shares in the capital of the
Company (the "New Shares") pursuant to a placing for cash at a price of ZAR23.50
per share (equivalent to EUR2.10* per share), raising gross proceeds of ZAR66.15
million (EUR5.9 million*).
The Company has issued a further 43,214 New Shares to certain employees of NEPI
Investment Management Limited, the Company's investment manager, pursuant to its
share incentive scheme.
Application has been made for the New Shares to be admitted to trading on AIM
and the JSE Limited on 18 September 2009.
* Euro equivalent amounts are based on the minimum exchange rate in terms of a
currency option contract acquired by NEPI prior to the time of this announcement
with the result that the funds may be converted into Euro at a better exchange
rate.
17 September 2009
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 / Joanne Royden-Turner | |
+--------------------------------------------------------------+----------------------+
| South African sponsor | +27 11 283 0000 |
| Java Capital (Proprietary) Limited | |
| | |
+--------------------------------------------------------------+----------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEILFFEAAIRLIA
|