Result of Tender Offer

RNS Number : 0003J
China Real Estate Opportunities PLC
23 March 2010
 



 

 

China Real Estate Opportunities plc

Announcement of result of Tender Offer and placing

 

The Board of China Real Estate Opportunities plc announces that the Tender Offer for the purchase of Shares at £3.30 per Share closed at 1.00pm on Monday 22 March 2010. A total of 8,456,226 Shares were validly tendered, including the 8,387,941 Shares tendered by Real Estate Opportunities plc in accordance with its undertaking to the Company.

 

Of the shares tendered, 1.5 million will be purchased by the Company for cancellation in accordance with its commitment, the whole balance having been successfully placed by Matrix Corporate Capital LLP. Therefore, all valid tender applications will be satisfied in full.

 

It is expected that the proceeds of the Tender Offer will be paid to Shareholders who validly tendered Shares on or around 25 March 2010.

 

Terms used and not defined in this announcement bear the same meaning given to them in the Circular dated 8 March 2010.

 

Ray Horney, Chairman of the Company, commented: "We are delighted that the Tender Offer has been successful in providing an exit from the Company for those shareholders who so wished and in particular that the demand from investors substantially exceeded the number of shares available to be placed. Through the placing, we are also pleased to welcome several new shareholders to the Company."

 

Enquiries:

 

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

 

Citigate Dewe Rogerson Limited

Tom Baldock

Tel: + 44 (0) 20 7638 9571

 

Murray Consultants

Ed Micheau

Tel: + 353 1 498 030

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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