New Europe Property Investments PLC Update in respect of the Distribution (5822P)
February 19 2016 - 5:00AM
UK Regulatory
TIDMNEPI
RNS Number : 5822P
New Europe Property Investments PLC
19 February 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")
UPDATE IN RESPECT OF THE DISTRIBUTION FOR THE SIX MONTHS
ENDED
31 DECEMBER 2015
NEPI shareholders are referred to the distribution declaration
announced today, 19 February 2016, and are advised that
shareholders on the South African share register will receive their
cash dividend in South African Rand converted from Euro at an
exchange rate of EUR1.00 : ZAR17.16510. Accordingly, the cash
dividend of 17.17 Euro cents per share will be equal to 294.72477
ZAR cents per share.
Dividend tax (and therefore the information provided in this
paragraph) is only of direct application to shareholders on the
South African share register. The gross local dividend amount is
294.72477 ZAR cents per share for shareholders exempt from paying
South African dividends tax. The net local divided amount is
250.51605 ZAR cents per share for shareholders liable to pay the
dividends tax rate of 15%. There is no withholding tax payable in
the Isle of Man.
With respect to the return of capital, shareholders are advised
that the reference price will be announced on or before Friday, 26
February 2016.
For further information please contact:
New Europe Property Investments plc
Mirela Covasa +40 21 232 1398
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AIM nominated Advisor and Broker
Smith & Williamson Corporate Finance Limited
Azhic Basirov/Katy Birkin +44 20 7131 4000
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JSE sponsor
Java Capital +27 11 722 3050
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BVB advisor
SSIF Intercapital Invest SA
Razvan Pasol +40 21 222 8731
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19 February 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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