Issue of Equity

RNS Number : 4160Q

China Real Estate Opportunities PLC

09 April 2009

 



9 April 2009

China Real Estate Opportunities plc

Issue of equity

The Board of China Real Estate Opportunities plc (the 'Company') (AIM: CREO) announces that 2,264,166 new ordinary shares of no par value are to be issued to Treasury Holdings China Limited ('THCL'), being the equity element of the performance fee for the year end 31 December 2008. An application has been made to the London Stock Exchange for the admission to AIM of those shares on 15 April 2009.

Following this issue of shares, the total number of shares in issue will be 49,527,204.

THCL and other related shareholders are deemed to be acting in concert for the purposes of the City Code on Take-overs and Mergers. Following the issue of these shares the aggregate shareholdings of those parties amounts to 28,238,150 ordinary shares representing 57.01% of the enlarged share capital of the Company. Shareholders have previously approved a waiver granted by the Panel on Take-overs and Mergers of any requirement under rule 9 of the Take-over Code for the parties acting in concert to make a bid for the Company.

Contact:

China Real Estate Opportunities plc

Ray Horney, Chairman

Tel: + 44 (0) 1273 775 225 

Sarah Moriarty, Investor Relations

Tel: + 353 1 618 9455

Matrix Corporate Capital LLP

Paul Fincham

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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