Source - RNS
RNS Number : 6161L
New Europe Property Investments PLC
04 October 2016
 

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    BVB share code: NEP

ISIN:   IM00B23XCH02

LEI: 5493009U6H8DYLBF7R61

 

("NEPI" or "the Company")

 

 

DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS OF NEPI

 

 

Shareholders are advised of the following information relating to dealings in securities by a director and by associates of directors of the Company under the JSE Listing Requirements and the Market Abuse Regulation ("MAR") in Europe.

 

 

Name of associate / person closely associated:

Maxtrade Seven Proprietary Limited

Name of director / person discharging managerial responsibilities and relationship to director/ person discharging managerial responsibilities and reason for the notification:

Jeff Zidel. Jeff Zidel owns 100% of Maxtrade Seven Proprietary Limited

Initial notification/amendment according to MAR:

Initial notification

Transaction date:

3 October 2016

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each 

Number of securities/volume:

11 885

Price per security*:

ZAR150.98946

Total value:

ZAR1 794 509.73

Aggregated information:

N/A single transaction

Nature of transaction:

Receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction:

Outside of a trading venue

Nature and extent of director's interest:

Indirect beneficial

 

Name of associate / person closely associated:

CEMZ Holdings Limited

Name of director / person discharging managerial responsibilities and relationship to director/ person discharging managerial responsibilities and reason for the notification:

Alexandru Morar. Alexandru Morar has an indirect beneficial interest in CEMZ Holdings Limited

Initial notification/amendment according to MAR:

Initial notification

Transaction date:

3 October 2016

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each 

Number of securities/volume:

15 055

Price per security*:

ZAR150.98946

Total value:

ZAR2 273 146.32

Aggregated information:

N/A single transaction

Nature of transaction:

Receipt of shares in terms of an election to receive either  a cash dividend or return of capital by way of an issue of new shares

Place of the transaction:

Outside of a trading venue

Nature and extent of director's interest:

Indirect beneficial

 

Name of associate / person closely associated:

Groot Marico Limited

Name of director / person discharging managerial responsibilities and relationship to director/ person discharging managerial responsibilities and reason for the notification:

Mirela Covasa. Mirela Covasa has an indirect beneficial interest in Groot Marico Limited

Initial notification/amendment according to MAR:

Initial notification

Transaction date:

3 October 2016

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each 

Number of securities/volume:

5 504

Price per security*:

ZAR150.98946

Total value:

ZAR 831 045.99

Aggregated information:

N/A single transaction

Nature of transaction:

Receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction:

Outside of a trading venue

Nature and extent of director's interest:

Indirect beneficial



Name of associate / person closely associated:

The Nano Trust

Name of director / person discharging managerial responsibilities and relationship to director/ person discharging managerial responsibilities and reason for the notification:

Andries de Lange. Andries de Lange is a trustee and beneficiary of The Nano Trust

Initial notification/amendment according to MAR:

Initial notification

Transaction date:

3 October 2016

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each 

Number of securities/volume:

10 176

Price per security*:

ZAR150.98946

Total value:

ZAR1 536 468.74

Aggregated information:

N/A single transaction

Nature of transaction:

Receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction:

Outside of a trading venue

Nature and extent of director's interest:

Indirect beneficial



Name of associate / person closely associated:

Ruan de Lange

Name of director / person discharging managerial responsibilities:

Andries de Lange

Relationship to director and reason for the notification:

Ruan de Lange is the son of Andries de Lange

Initial notification/amendment according to MAR:

Initial notification

Transaction date:

3 October 2016

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each 

Number of securities/volume:

62

Price per security*:

ZAR150.98946

Total value:

ZAR9 361.35

Aggregated information:

N/A single transaction

Nature of transaction:

Receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction:

Outside of a trading venue

Nature and extent of director's interest:

Not applicable



Name of associate / person closely associated:

Ruben de Lange

Name of director / person discharging managerial responsibilities:

Andries de Lange

Relationship to director and reason for the notification:

Ruben de Lange is the son of Andries de Lange

Transaction date:

3 October 2016

Initial notification/amendment according to MAR:

Initial notification

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each 

Number of securities/volume:

152

Price per security*:

ZAR150.98946

Total value:

ZAR22 950.40

Aggregated information:

N/A single transaction

Nature of transaction:

Receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction:

Outside of a trading venue

Nature and extent of director's interest:

Not applicable



Name of associate / person closely associated:

Sone de Lange

Name of director / person discharging managerial responsibilities:

Andries de Lange

Relationship to director and reason for the notification:

Sone de Lange is the wife of Andries de Lange

Initial notification/amendment according to MAR:

Initial notification

Transaction date:

3 October 2016

Class of securities/description and type of the financial instrument:

Ordinary shares of EUR0.01 each 

Number of securities/volume:

212

Price per security*:

ZAR150.98946

Total value:

ZAR32 009.77

Aggregated information:

N/A single transaction

Nature of transaction:

Receipt of shares in terms of an election to receive either a cash dividend or return of capital by way of an issue of new shares

Place of the transaction:

Outside of a trading venue

Nature and extent of director's interest:

Not applicable



* This is the implied price in terms of the election and for Rand purposes assumes an exchange rate of EUR 1.00: ZAR 16.0952.

 

 

Following the transactions stated in this announcement, the holdings of the above mentioned directors are summarized below:

 

 

Director

Direct holding

Indirect holding

Total shares held

Percentage of issued shares (%)

Jeff Zidel

298 201

1 351 343

1 649 544

0.51

Alexandru Morar


              771 602

              771 602

                       0.24

Mirela Covasa


              282 104

              282 104

0.09

Andries de Lange

10 000

              1 205 553

1 215 553

                       0.38

TOTAL

308 201           

       3 610 602

       3 918 803

1.22

 

4 October 2016

 

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

 


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