New Europe Property Investments PLC Holding(s) in Company (1910U)

TIDMNEPI

RNS Number : 1910U

New Europe Property Investments PLC

05 April 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 

("NEPI" or the "issuer")

NOTIFICATION OF MAJOR INTEREST IN SHARES

For purposes of compliance with the rules of Romanian Financial Supervisory Authority, the Listings Requirements of the JSE and the AIM Market, NEPI has been advised of the following information relating to dealings in its securities.

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                 NEW EUROPE PROPERTY INVESTMENTS 
  the underlying issuer                                        PLC 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------  --------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
---------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                   X 
------------------------------------------------------------  -------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
------------------------------------------------------------  -------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
------------------------------------------------------------  -------------------------------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------  -------------------------------- 
 Other (please 
  specify): 
----------------------------------------------------------    -------------------------------- 
 3. Full name of person(s)                                    PUBLIC INVESTMENT CORPORATION 
  subject to the                                               SOC LTD 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------- 
 4. Full name of shareholder(s)                               N/A 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------------------- 
 5. Date of the transaction                                   31 March 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                      1 April 2016 
  notified: 
-----------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                          10% 
-----------------------------------------------------------  --------------------------------- 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                            Resulting situation after the 
  of             to the triggering                             triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  --------------------------------------------  -------------------------------------------------------------- 
                Number                      Number            Number         Number of             % of voting 
                 of                         of                of shares       voting                rights (x) 
                 Shares                     Voting                            rights 
                                            Rights 
-------------  --------------------------  ----------------  -------------  --------------------  ------------------------- 
                                                              Direct         Direct     Indirect   Direct        Indirect 
                                                                             (xi)        (xii) 
-------------      ---------  -----------      ------------  -------------  ---------  ---------  ------------  ----------- 
 IM00B23XCH02   28,781,861                                    32,988,004                           10.897% 
               --------------------------  ----------------  -------------  ---------  ---------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration                Exercise/                        Number of voting        % of voting 
 financial           date                      Conversion                       rights that             rights 
 instrument          (xiii)                    Period (xiv)                     may be 
                                                                                acquired if 
                                                                                the 
                                                                                instrument 
                                                                                is 
                                                                                exercised/ 
                                                                                converted. 
-----------------  ------------------------  -------------------------------  ----------------------  --------------------- 
 N/A                N/A                       N/A                              N/A                     N/A 
-----------------  ------------------------  -------------------------------  ----------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise     Expiration       Exercise/       Number of voting                     % of voting 
 financial        price         date             Conversion      rights instrument                    rights (xix, 
 instrument                     (xvii)           period          refers to                            xx) 
                                                 (xviii) 
---------------  -----------  ---------------  --------------  -----------------------------------  ----------------------- 
 N/A              N/A          N/A              N/A             N/A                                  Nominal       Delta 
---------------  -----------  ---------------  --------------  -----------------------------------  ------------  --------- 
                                                                                                     N/A           N/A 
-------------      ---------  -----------      ------------    -----------    -------  ---------    ------------  --------- 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ------------------------------------------------------------ 
 32,988,004                                                     10.897% 
-------------------------------------------------------------  ------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------- 
 
   N/A 
 
 Proxy Voting: 
---------------------------------------------------------------- 
 10. Name of the proxy holder:              N/A 
-----------------------------------------  --------------------- 
 11. Number of voting rights proxy          N/A 
  holder will cease 
  to hold: 
-----------------------------------------  --------------------- 
 12. Date on which proxy holder will        N/A 
  cease to hold 
  voting rights: 
-----------------------------------------  --------------------- 
 
 13. Additional information:                 N/A 
------------------------------------------  -------------------- 
 14. Contact name:                           DEVILLIERS MAKONKO 
------------------------------------------  -------------------- 
 15. Contact telephone number:               [phone] 
------------------------------------------  -------------------- 
 
 

5 April 2016

(MORE TO FOLLOW) Dow Jones Newswires

April 05, 2016 04:30 ET (08:30 GMT)

For further information please contact:

 
 New Europe Property Investments 
  plc 
 Mirela Covasa                       [phone] 
----------------------------------  ----------------- 
 
 AIM Nominated Adviser and Broker 
 Smith & Williamson Corporate 
  Finance Limited 
 Azhic Basirov/Katy Birkin           [phone] 
----------------------------------  ----------------- 
 
 
 JSE sponsor 
 Java Capital                   [phone] 
-----------------------------  ---------------- 
 
 BVB advisor 
 SSIF Intercapital Invest SA 
 Razvan Pasol                   [phone] 
-----------------------------  ---------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

April 05, 2016 04:30 ET (08:30 GMT)