Admission to Trading
Posted on: 1 July 2010
Further to the announcement of 22 June 2010, New Europe Property Investments plc, the Central and Eastern European property investment company which has a primary listing on the AIM market of the London Stock Exchange and a secondary listing on the Alternative Exchange of the JSE Limited, announces that the 5,283,263 million new ordinary shares in the Company ("Shares") issued in connection with the internalisation of the Company's management function, were admitted to trading on AIM and the JSE Limited on 28 June 2010.
The following table shows the beneficial interests of certain of the Company's shareholders whose interests were affected by the issue of the new Shares referred to above:
|Shareholder||Shares||% of issued Shares|
|Resilient Property Income Fund Limited||13,031,717||21.0%|
Resilient Property Income Fund Limited's ("Resilient") interest is held by its wholly-owned subsidiary, Diversified Properties 2 (Proprietary) Limited. In addition, Resilient has a 24.6% unitholding in Capital Property Fund, which holds 3,862,837 Shares and is managed by Property Fund Managers Ltd, which is a wholly-owned subsidiary of Resilient.
Martin Slabbert's (a director of the Company) interest comprises 735,224 Shares held by Slabbert Family Limited (a company in which Martin Slabbert has an indirect interest), 197,500 Shares held directly by Mr Slabbert's spouse and 3,361,314 Shares held pursuant to the Company's share incentive scheme ("the Share Incentive Scheme") for the benefit of Slabbert Family Limited (Martin Slabbert being the key participant under the Share Incentive Scheme's rules in respect of this holding). The Share Incentive Scheme Shares referred to above include Shares previously issued pursuant to the Share Incentive Scheme that were held in trust on an unallocated basis as follows:
|Date of issue of Shares||Number of Shares||Price|
|7 June 2008||600,000||€2.18|
|26 October 2009||300,302||€2.10|
|26 May 2010||195,000||€2.58|
The above Shares were allocated on 7 June 2010 pursuant to the Share Incentive Scheme for the benefit of Slabbert Family Limited.
Victor Semionov's (a director of the Company) interest comprises 122,537 Shares held by Focus CEE Investments Limited (a company in which Victor Semionov has an interest) and 817,669 Shares held pursuant to the Share Incentive Scheme for the benefit of Focus CEE Investments Limited (Victor Semionov being the key participant under the Share Incentive Scheme's rules in respect of this holding). The Share Incentive Scheme Shares referred to above include 140,000 Shares previously issued at €2.58 per Share on 26 May 2010 pursuant to the Share Incentive Scheme that were held in trust on an unallocated basis and allocated on 7 June 2010 for the benefit of Focus CEE Investments Limited.