Business
Circular re Tender Offer
Circular re Tender Offer.
About this update from Creo Medical Group Plc
[{"type":"text","content":"\n RNS Number : 2161I China Real Estate Opportunities PLC 08 March 2010 \n \n\n \n \nChina Real Estate Opportunities Plc\nCircular re Tender Offer\n \nThe Company has today published a circular to Shareholders setting out details of a Tender Offer to purchase shares at £3.30 per Share (\"Circular\"). The Tender Offer is available to Shareholders (other than certain Overseas Shareholders) on the register as at 5.00 pm on 11 March 2010.\n The Company will invite all Shareholders to tender Shares and has committed a maximum of £15 million from its own cash resources to repurchase tendered Shares. In addition, Matrix Corporate Capital LLP has been mandated by the Company to seek to procure third party investors to purchase tendered Shares in a placing at £3.30 per Share. \n If the aggregate number of Shares tendered exceeds the amount available taking account of both the Company's participation and any amounts raised in the related placing, applications in excess of each Shareholder's basic entitlement will be scaled back pro rata.\n Real Estate Opportunities plc, which holds 8,387,940 shares in the Company, representing 16.9 per cent. of the issued shares, has undertaken to tender all of those Shares. The Directors of the Company, Treasury Holdings and John Ronan (a director of Treasury Holdings) have agreed not to participate in the Tender Offer in respect of the 18,083,917 Shares in the Company held by them in aggregate, representing 36.5 per cent. of the issued shares. \n \n\n\n\n\nExpected Timetable\n\n\n2010\n\n\n\n\nRecord Date for participation in the Tender Offer\n\n\n5.00pm on 11 March\n\n\n\n\nLatest time for receipt of Tender Forms and TTE \nInstru...