Creo Medical Regulatory News (CREO)

12 Nov 2007 15:39

China Real Estate Opportunities Ltd12 November 2007 CHINA REAL ESTATE OPPORTUNITIES LIMITED Exercise of Options China Real Estate Opportunities Limited ("CREO" or the "Company") announces thatit has received notice of exercise in respect of options over 200,000 newordinary shares of 1p each ('Ordinary Shares') held by Robert Tincknell, adirector of the Company. The board of the Company has resolved to allow MrTincknell to exercise these options in advance of their stated first exercisedate of 1 February 2008.Application has been made for the new Ordinary Shares to be admitted to tradingon AIM and dealings are expected to commence in the week beginning 19 November2007. The new Ordinary Shares will rank pari passu with the existing OrdinaryShares in issue and increase the number of shares in issue to 50,676,185.Following the exercise of these options, Robert Tincknell's total holding in theCompany is 521,171 Ordinary Shares. Appointment Further to the announcement dated 8 August 2007, Richard David, ManagingDirector of Treasury Holdings China Limited ("THCL"), has assumed executiveresponsibility for THCL's operations in China.THC is the Company's investment manager and has over 40 full time professionalstaff based in Shanghai and Beijing.Richard David joined THCL from Macquarie Bank Limited, where he was managingdirector of Macquarie Real Estate Capital China. Richard has since 1999 overseenthe operations of Macquarie China, including several business units operatingwithin the real estate sector across China. Richard has extensive experience inall facets of transactional activity and in real estate development, assetacquisitions, finance, tax, corporate structures and investor relations. Robert Tincknell, who has been a key driver of the growth of Treasury Holdingsand CREO in China over the past three years, is returning to the UK to becomeManaging Director of both Treasury's UK and International Divisions, the latterencompassing Treasury's operations in Russia, Sweden, Germany and Spain. Enquiries to: CREORay Horney Tel: + 44 (0) 1273 775 225 Landsbanki Securities (UK) Limited Tel: + 44 (0) 20 7426 7736Paul FinchamJonathan BecherRobert Naylor Bankside Consultants Ltd Tel: + 44 (0) 20 7367 8888Simon RothschildOliver Winters Murray ConsultantsEd Micheau Tel: + 353 1 498 0300 This information is provided by RNS The company news service from the London Stock Exchange