Holding(s) in Company
Crescent Hydropolis Resorts PLC
28 November 2006
CRESCENT HYDROPOLIS RESORTS PLC
Isle of Man Munich Qingdao
ANNOUNCEMENT
Changes in Shareholdings
Crescent Hydropolis Resorts PLC (the Company) reports that Mr Klaus Foerster,
acting as trustee for Poseidon, Apollo and Neptune investors, has reduced his
holdings in the Company by a total of 3,885,300 Ordinary Shares representing
4.78% of all outstanding Ordinary Shares.
None of the transfers made, when taken individually, to 26 recipients from 17
October until 22 November represented more than 1% of total outstanding Ordinary
Shares in the Company at the time of any single transfer, or when combined, to
any single recipient and none of the transfers, save as disclosed below, were to
related parties. All transfers were made for no consideration. Please see the
table below for amounts and dates:
253,000 Shares 17 October 2006
700,000 Shares 20 October 2006
700,000 Shares 20 October 2006
200,800 Shares 22 October 2006
173,500 Shares 05 November 2006
705,000 Shares 11 November 2006
410,000 Shares 14 November 2006
68,000 Shares 15 November 2006
675,000 Shares 17 November 2006
3,885,300 Shares Total Ordinary Shares transferred
These share transfers are in addition to those already disclosed in the
Company's previous announcements of changes to shareholdings on 11 September
2006 (9,540,000 Ordinary Shares transferred), 26 September 2006 (2,000,000
Ordinary Shares transferred) and 26 October 2006 (1,000,000 Ordinary Shares
transferred).
The Company further announces that Mr Foerster transferred 2,000,000 Ordinary
Shares representing 2.46% to The Ijaz Group, Inc., a private corporation in
which Mr Mansoor Ijaz, a Company director, has an interest, and which interests
accrue for the benefit of his minor children. The transfers were made between
17 November and 22 November 2006 for no consideration.
As a result of these changes, Mr Foerster now holds 38,249,849 shares for the
benefit of Poseidon, Neptune and Apollo investors in the Company, representing
47.04% of all outstanding shares. Of these holdings, Mr Joachim Hauser,
executive chairman and director of the Company, due to his connections with the
beneficiaries of the Poseidon, Neptune and Apollo investors, is interested in
22,145,149 Ordinary Shares representing 27.24% of the Company's interests,
reduced from his previously disclosed holdings on 11 September of 24,760,149,
which at that time represented 30.56% of the Company's total outstanding share
capital.
Save as disclosed, there is no other relevant information required under AIM
Rules. For further information, please contact:
Alfred Wuttke Mansoor Ijaz
Chief Executive Deputy Chairman
alfred.wuttke@crescent-hydropolis.com mansoor.ijaz@crescent-hydropolis.com
28 November 2006
This information is provided by RNS
The company news service from the London Stock Exchange