New Europe Property Investments PLC Appointment of Alternate Director - Replacement (4734I)

TIDMNEPI

RNS Number : 4734I

New Europe Property Investments PLC

31 August 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 Company")

Shareholders are advised that the 'Appointment of Alternate Director' announcement with RNS number 6968H released at 1.45pm on the Regulatory News Service of the LSE, at 2:45pm on the Stock Exchange News Services of the JSE and at 3:45pm on the Bucharest Stock Exchange on 19 August 2016 has been amended.

Additional disclosures pursuant to Schedule 2 paragraph (g) of the AIM Rules in relation to Mr Andries de Lange are as follows:

 
 Past Directorships/Partnerships 
 
 Fortress Income 8 Ltd 
 Ilanga Lifestyle Centre 
  (Pty) Ltd 
 Resilient Africa (Pty) 
  Ltd 
 Sunice Investments CC 
 

The full amended text is shown below.

APPOINTMENT OF ALTERNATE DIRECTOR - REPLACEMENT

Mr Andries de Lange has been appointed as an alternate director to Mr Desmond de Beer, an independent non-executive director of NEPI, with effect from 9 August 2016.

After qualifying as a Chartered Accountant, Mr de Lange joined the Industrial Development Corporation of South Africa Limited and then Nedbank Limited where he gained experience in debt finance, debt and equity restructurings and private equity. He joined Resilient REIT Limited, a South African based property focused company listed on the JSE, in 2004 and acts as Chief Operating Officer.

Resilient REIT Limited holds 28,290,000 ordinary shares representing 8.87 per cent of the issued share capital of the Company.

Mr de Lange is a Chartered Accountant in South Africa and is a Chartered Financial Analyst.

Disclosures under Schedule 2 paragraph (g) of the AIM Rules for Mr de Lange are as follows:

Full name and age: Mr Andries de Lange, aged 43

 
 Current Directorships/Partnerships   Past Directorships/Partnerships 
 
 Arbour Town (Pty) Ltd                Bands Properties (Pty) 
  Blue Horison Investments 14          Ltd 
  (Pty) Ltd                            Capital Property Fund (Pty) 
  Cycad Sky (Pty) Ltd                  Ltd 
  Cycads Unlimited (Pty) Ltd           Capital Property Fund Nominees 
  Cycads Worldwide (Pty) Ltd           (Pty) Ltd 
  Cycops (Pty) Ltd                     Capital Propfund (Pty) 
  Danrimar (Pty) Ltd                   Ltd 
  Diversified Properties 2 (Pty)       Capital Propfund 1 (Pty) 
  Ltd                                  Ltd 
  Irene Mall (Pty) Ltd                 Capital Propfund 2 (Pty) 
  Numigraph (Pty) Ltd                  Ltd 
  Resilient Africa Real Estate         Diversified Properties 
  Ltd                                  (Pty) Ltd 
  Resilient Properties (Pty)           Diversified Property Fund 
  Ltd                                  Ltd 
  Resilient REIT Limited               Fortress Asset Managers 
  Southern Palace Investments          (Pty) Ltd 
  19 (Pty) Ltd                         Fortress Income 8 Ltd 
                                       Ilanga Lifestyle Centre 
                                       (Pty) Ltd 
                                       Intaba Investments 6 (Pty) 
                                       Ltd 
                                       Mantraweb Investments (Pty) 
                                       Ltd 
                                       Monyetla Property Fund 
                                       Ltd 
                                       Monyetla Property Holdings 
                                       (Pty) Ltd 
                                       Monyetla Realty Holdings 
                                       (Pty) Ltd 
                                       NEPI Investment Management 
                                       Ltd 
                                       Property Fund Managers 
                                       Ltd 
                                       Resilient Africa (Pty) 
                                       Ltd 
                                       Resilient Properties 2 
                                       (Pty) Ltd 
                                       Resilient REIT Limited 
                                       Rockcastle Global Real 
                                       Estate Company Ltd 
                                       Sunice Investments CC 
 

There are no further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM Rules.

Mr de Lange beneficially holds 1,204,931 ordinary shares representing 0.38 per cent. of the Company's issued share capital.

31 August 2016

For further information please contact:

 
 New Europe Property Investments 
  plc 
 Mirela Covasa                       [phone] 
----------------------------------  ----------------- 
 
 AIM Nominated Advisor 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

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August 31, 2016 02:00 ET (06:00 GMT)