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3 Apr 2009 13:24
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
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