Last checked at 9 Apr 2009 09:05
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