TIDMNEPI
RNS Number : 7799Y
New Europe Property Investments PLC
09 September 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")
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 | +40 74 432 8882 |
| Martin Slabbert | |
| | |
+--------------------------------------------------------------+----------------------+
| Smith & Williamson Corporate Finance Limited | +44 20 7131 4000 |
| Azhic Basirov / Joanne Royden-Turner | |
+--------------------------------------------------------------+----------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
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