Transaction in Own Shares

19 Dec 2008 16:33

China Real Estate Opportunities plc

Transaction in own securities

The Board of China Real Estate Opportunities plc ("CREO" or "the Company") announces that on 19 December 2008, the Company purchased 1,000,000 of its own ordinary shares of nil par value at a price of 205p per share for cancellation.

The purchase represents 1.95 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 the Extraordinary General Meeting) is interested in 23,976,653 ordinary shares, representing 47.76 per cent. of the Company's revised issued share capital. 

The purchase and cancellation will reduce the number of shares in issue to 50,203,038. 

Contact:

CREO

Ray Horney, Chairman

Tel: + 44 (0) 1273 775225

Sarah Moriarty, Investor Relations 

Tel: +353 1 6189455

Matrix Corporate Capital LLP 

Paul Fincham 

+ 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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