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BRIEF-New Europe Property Investments announces equity raising of ZAR500 mln via share issue
March 1, 2017 / 8:04 AM / in 8 months

BRIEF-New Europe Property Investments announces equity raising of ZAR500 mln via share issue

March 1 (Reuters) - New Europe Property Investments Plc

* Announces an equity raising of approximately ZAR500 million through issue of new ordinary shares

* Vendor consideration placing will be utilised partly to refinance acquisition of arena centar, announced on 7 no

* Book build opens at 0900 (south african time) and co reserves right to close it at any time thereafter

* Pricing and allocations will be announced as soon as practical following closing of book build

* Java capital is acting as sole bookrunner for equity raise. Source text for Eikon: Further company coverage:

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