Grant of Options

RNS Number : 7426J

China Real Estate Opportunities Ltd

08 December 2008

 



China Real Estate Opportunities plc 

Grant of options

The Board of China Real Estate Opportunities plc ("CREO" or the "Company") is pleased to announce that each of the conditions to the grant of 532,000 share options, referred to in the circular to shareholders dated 10 November 2008 (the "Circular"), have been met. The options have been granted to employees of Treasury Holdings China Limited, the Company's investment manager, with 500,000 share options with an exercise price of £6.35, 30,000 previously granted share options with an exercise price of £8.065 and 2,000 previously granted share options with an exercise price of £7.56. 

The Concert Party is currently interested in 23,976,653 ordinary shares representing 46.83 per cent. of the Company's issued share capital. On the basis of the Option Assumptions (as defined in the Circular), the maximum shareholding of the Concert Party (as defined in the Circular) would be 26,074,453 ordinary shares representing 48.92 per cent. of the Company's issued share capital. 

Enquiries to:

China Real Estate Opportunities plc

Ray Horney, Chairman                                               Tel: + 44 (0) 1273 775 225

Sarah Moriarty, Investor Relations                            Tel: [phone]

Davy

Des Carville                                                                 Tel: [phone]

Matrix Corporate Capital LLP

Paul Fincham                                                              Tel: + 44 (0) 20 3206 7000

Bankside Consultants Ltd 

Simon Rothschild, Oliver Winters                             Tel: + 44 (0) 20 7367 8888

Murray Consultants

Ed Micheau                                                                 Tel: + 353 1 498 0300

 

END

 

 

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