Notifiable interest in securi

RNS Number : 1163Q

China Real Estate Opportunities PLC

03 April 2009

 



3 April 2009

                                          China Real Estate Opportunities plc 

                                              Notifiable interest in securities 

The Board of China Real Estate Opportunities plc ('CREO' or the 'Company') announces that on 2 April 2009, the Company was notified by Treasury Holdings (which is owned as to 50 per cent. by Richard Barrett, a director and significant shareholder of the Company, and as to 50 per cent. by John Ronan, a significant shareholder of the Company) that the following transactions have been undertaken in the ordinary shares of the Company. 

• Treasury Holdings has disposed of 661,000 ordinary shares to Treasury Properties Limited. 

• Treasury Holdings has disposed of 2,000,000 ordinary shares to Jasbay Properties Limited.

• 420,653 ordinary shares held by Treasury Holdings in trust for Treasury Holdings China Limited have been transferred to Treasury Holdings China Limited.

• Treasury Holdings China Limited has disposed of 420,653 ordinary shares to Treasury Properties Limited.

In addition the Company was notified on 2 April 2009 by Real Estate Opportunities Limited that they have disposed of 8,387,941 ordinary shares, in equal amounts, to four wholly owned subsidiaries being Real Estate Opportunities Holdings Limited, REO (CREO Holdings) No.1 Limited, REO (CREO Holdings) No.2 Limited and REO (CREO Holdings) No.3 Limited. 

All the above transactions were undertaken at a price of £2.175 per ordinary share.

There is no change in the ultimate beneficial ownership of these ordinary shares. The Concert Party (as defined in the Notice of Extraordinary General Meeting) remain interested in 25,973,984 ordinary shares, representing 54.96 per cent of the Company's issued share capital. 

Contact: 

CREO 

Ray Horney, Chairman 

Tel: + 44 (0) 1273 775 225 

Sarah Moriarty, Investor Relations 

Tel: + 353 1 618 9455 

Matrix Corporate Capital LLP 

Paul Fincham, Rob Naylor 

Tel: + 44 (0) 20 3206 7000 

Davy 

Des Carville 

Tel: + 353 1 679 6363 

Bankside Consultants 

Simon Rothschild, Oliver Winters 

Tel: + 44 (0) 20 7367 8888 

Murray Consultants 

Ed Micheau 

Tel: + 353 1 498 0300

 

END

 

 

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