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CREO - 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. |
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