TIDMNEPI

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            Maxtrade Seven Proprietary 
  closely associated:                   Limited 
 Name of director / person             Jeff Zidel. Jeff Zidel owns 
  discharging managerial                100% of Maxtrade Seven Proprietary 
  responsibilities and relationship     Limited 
  to director/ person discharging 
  managerial responsibilities 
  and reason for the notification: 
 Initial notification/amendment        Initial notification 
  according to MAR: 
 Transaction date:                     3 October 2016 
 Class of securities/description       Ordinary shares of EUR0.01 
  and type of the financial             each 
  instrument: 
 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       Indirect beneficial 
  interest: 
------------------------------------  ------------------------------------ 
 
 
 Name of associate / person            CEMZ Holdings Limited 
  closely associated: 
 Name of director / person             Alexandru Morar. Alexandru 
  discharging managerial                Morar has an indirect beneficial 
  responsibilities and relationship     interest in CEMZ Holdings Limited 
  to director/ person discharging 
  managerial responsibilities 
  and reason for the notification: 
 Initial notification/amendment        Initial notification 
  according to MAR: 
 Transaction date:                     3 October 2016 
 Class of securities/description       Ordinary shares of EUR0.01 
  and type of the financial             each 
  instrument: 
 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       Indirect beneficial 
  interest: 
------------------------------------  ----------------------------------- 
 
 
 Name of associate / person            Groot Marico Limited 
  closely associated: 
 Name of director / person             Mirela Covasa. Mirela Covasa 
  discharging managerial                has an indirect beneficial 
  responsibilities and relationship     interest in Groot Marico Limited 
  to director/ person discharging 
  managerial responsibilities 
  and reason for the notification: 
 Initial notification/amendment        Initial notification 
  according to MAR: 
 Transaction date:                     3 October 2016 
 Class of securities/description       Ordinary shares of EUR0.01 
  and type of the financial             each 
  instrument: 
 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       Indirect beneficial 
  interest: 
------------------------------------  ------------------------------------ 
 
 Name of associate / person            The Nano Trust 
  closely associated: 
 Name of director / person             Andries de Lange. Andries de 
  discharging managerial                Lange is a trustee and beneficiary 
  responsibilities and relationship     of The Nano Trust 
  to director/ person discharging 
  managerial responsibilities 
  and reason for the notification: 
 Initial notification/amendment        Initial notification 
  according to MAR: 
 Transaction date:                     3 October 2016 
 Class of securities/description       Ordinary shares of EUR0.01 
  and type of the financial             each 
  instrument: 
 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       Indirect beneficial 
  interest: 
------------------------------------  ------------------------------------ 
 
 Name of associate / person            Ruan de Lange 
  closely associated: 
 Name of director / person             Andries de Lange 
  discharging managerial 
  responsibilities: 
 Relationship to director              Ruan de Lange is the son of 
  and reason for the notification:      Andries de Lange 
 Initial notification/amendment        Initial notification 
  according to MAR: 
 Transaction date:                     3 October 2016 
 Class of securities/description       Ordinary shares of EUR0.01 
  and type of the financial             each 
  instrument: 
 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       Not applicable 
  interest: 
------------------------------------  ------------------------------------ 
 
 Name of associate / person            Ruben de Lange 
  closely associated: 
 Name of director / person             Andries de Lange 
  discharging managerial 
  responsibilities: 
 Relationship to director              Ruben de Lange is the son of 
  and reason for the notification:      Andries de Lange 
 Transaction date:                     3 October 2016 
 Initial notification/amendment        Initial notification 
  according to MAR: 
 Class of securities/description       Ordinary shares of EUR0.01 
  and type of the financial             each 
  instrument: 
 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       Not applicable 
  interest: 
------------------------------------  ------------------------------------ 
 
 Name of associate / person            Sone de Lange 
  closely associated: 
 Name of director / person             Andries de Lange 
  discharging managerial 
  responsibilities: 
 Relationship to director              Sone de Lange is the wife of 
  and reason for the notification:      Andries de Lange 
 Initial notification/amendment        Initial notification 
  according to MAR: 
 Transaction date:                     3 October 2016 
 Class of securities/description       Ordinary shares of EUR0.01 
  and type of the financial             each 
  instrument: 
 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       Not applicable 
  interest: 
------------------------------------  ------------------------------------ 
 
 

* 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:

 
                                                                                                Percentage 
                       Direct                 Indirect           Total shares                    of issued 
 Director             holding                  holding                   held                   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

END

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October 04, 2016 06:00 ET (10:00 GMT)

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