Transaction in own securities

31 Dec 2008 09:57



31 December 2008

China Real Estate Opportunities plc

Transaction in own securities

The Board of China Real Estate Opportunities plc ("CREO" or the "Company") announces that on 30 December 2008, the Company purchased 2,500,000 of its own ordinary shares of no par value at a price of 205p per share for cancellation.

The purchase represents 4.98 per cent. of the shares in issue and is pursuant to the resolutions passed at an Extraordinary General Meeting of the Company held on 3 December 2008. 

The Concert Party (as defined in the Notice of Extraordinary General Meeting) is interested in 23,976,653 ordinary shares, representing 50.26 per cent. of the Company's revised issued share capital.

The purchase and cancellation will reduce the number of shares in issue to 47,703,038.

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

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

ENDPOSKGMFZLMVGRZG