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CREO - 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. |
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