Source - RNS
RNS Number : 2319L
New Europe Property Investments PLC
30 September 2016


(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    BVB share code: NEP

ISIN:   IM00B23XCH02

("NEPI" or "the company")






Shareholders are referred to the previous announcements in respect of the election by shareholders to receive either a cash dividend of 18.68 Euro cents per share (300.66 ZAR cents per share for shareholders on the SA share register) ("cash distribution") or a return of capital by way of an issue of 1.99 new NEPI shares ("new NEPI shares") for every 100 NEPI shares held ("return of capital"), in respect of the six months ended 30 June 2016.


Following completion of the election, the company hereby announces that in respect of the return of capital, a total of 2 643 019 new NEPI shares will be issued on market as listed shares on Monday, 3 October 2016, on the JSE, the AIM Market of the London Stock Exchange and the Bucharest Stock Exchange. The new NEPI shares will rank pari passu in every respect with existing listed shares of the company and are fully fungible with effect from the date of listing.


Following the issue of the new NEPI shares, the total issued share capital of the company will increase to 321 486 204 ordinary shares with a par value of €0.01 per share. Therefore, the total number of voting rights in NEPI will be 321 486 204 with effect from Monday, 3 October 2016, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, NEPI under the UK Financial Conduct Authority's Disclosure and Transparency Rules.


Certificated shareholders who elected to receive the new NEPI shares should note that share certificates will be posted to shareholders on Monday, 3 October 2016. The cash distribution will be distributed by bank transfer, therefore shareholders on the UK share register who have not yet provided bank details to the company, are asked to contact the company at its registered office which is Lord Street, Douglas, Isle of Man, IM1 4LN, 2nd Floor, Anglo International House, or by telephone at +44 (0) 2031 801 547, to make the necessary arrangements.


Dematerialised shareholders should note that the CREST, CSDP, broker and the (Romanian) Central Depository accounts holding dematerialised shares are in the process of being credited with either a cash distribution or new NEPI shares, according to the elections made.


For further information please contact:


New Europe Property Investments plc


Mirela Covasa

+40 21 232 1398



AIM Nominated Adviser and Broker


Smith & Williamson Corporate Finance Limited


Azhic Basirov/Katy Birkin

+44 20 7131 4000



JSE sponsor


Java Capital

+27 11 722 3050



BVB advisor


SSIF Intercapital Invest SA


Razvan Pasol

+40 21 222 8731


30 September 2016

This information is provided by RNS
The company news service from the London Stock Exchange