Dealing in Securities by a Director and Other Holdings
Posted on: 4 March 2010
Shareholders are advised of the following information, relating to the dealing in securities by a director:
|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||New Europe Property Investments plc|
|Transaction date||3 March 2010|
|Class of securities||Ordinary shares|
|Price per security||R26.00|
|Number of securities||125,000|
|Nature of transaction||Purchase|
|Extent of interest||Indirect beneficial|
Clearance to deal was received as required in terms the JSE`s ListingsRequirements.
Following the purchase outlined above, through his interest in The Suni Trust, Mr de Beer has a beneficial interest in 2,047,000 ordinary shares in the Company ("Ordinary Shares"), representing 5.03% of the Company`s issued share capital. Mr de Beer also has an interest in Ordinary Shares through his 50% interest in Optimprops 3 (Proprietary) Limited, which holds 1,477,500 Ordinary Shares, representing 3.63% of the Company`s issued share capital. Mr de Beer also directly and indirectly holds 7.0% of Resilient Property Income Fund Limited ("Resilient") and 0.7% of Capital Property Fund ("Capital").
Resilient has a 24.6% unitholding in Capital, which is directly interested in 3,862,837 Ordinary Shares, representing 9.50% of the ordinary share capital of the Company. Resilient is also interested in 11,500,000 Ordinary Shares, representing 28.28% of the ordinary share capital of the Company, through its ownership of Diversified Properties 2 (Proprietary) Limited. In addition, through his associates, Mr de Beer has an interest of 300 Ordinary Shares representing 0.001% of the Company`s issued share capital.