Issue of Equity and Total Voting Rights
Posted on: 3 May 2012
Further to the announcement made on 18 April 2012, NEPI advises that it has placed a total of 1,600,000 new ordinary shares in the Company (“New Ordinary Shares”) with shareholders registered on the United Kingdom and the Romanian registers at a price of EUR 3.20 per share in respect of the United Kingdom register and RON 13.99 per share in respect of the Romanian Register, pursuant to a placing for cash, raising gross proceeds of EUR 5,120,000 (the “Private Placement”). The proceeds of the Private Placement will be used to fund developments and acquisitions of further operating assets.
Application has been made for the New Ordinary Shares issued under the Private Placement to be admitted to trading on the JSE Limited, AIM and the Bucharest Stock Exchange (“BVB”) which is expected to take place on 4 May 2012 (“Admission”).
Total Voting Rights
Following Admission, the total issued share capital of the Company will increase to 109,901,750 Ordinary Shares with voting rights. Therefore, the total number of voting rights in NEPI will be 109,901,750 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 Services Authority's Disclosure and Transparency Rules.