Notifiable interest in securities

15 Jan 2009 15:57



15 January 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 14 January 2009, the Company was notified that 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) purchased, on that day, 2,000,000 shares in the Company at a price of 205p per share. This purchase represents 4.2 per cent of the issued share capital of the Company as reduced by the buy back of 100,000 shares announced earlier today. Following the purchase, Treasury Holdings holds 3,081,653 shares, representing 6.5 per cent of the issued share capital of the Company. 

Further to the above transaction and the buyback of 100,000 shares announced earlier today, the Concert Party (as defined in the circular to shareholders dated 10 November 2008) is interested in 25,973,984 shares, representing 54.6 per cent. of the Company's issued share capital. No individual member of the Concert Party has increased his individual percentage interest in the Company through or between a Rule 9 threshold for the purposes of the Takeover Code.

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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