Business
Result of Tender Offer
Result of Tender Offer.
About this update from Creo Medical Group Plc
[{"type":"text","content":"\n RNS Number : 0003J China Real Estate Opportunities PLC 23 March 2010 \n \n\n \n \nChina Real Estate Opportunities plc\nAnnouncement of result of Tender Offer and placing\n \nThe Board of China Real Estate Opportunities plc announces that the Tender Offer for the purchase of Shares at £3.30 per Share closed at 1.00pm on Monday 22 March 2010. A total of 8,456,226 Shares were validly tendered, including the 8,387,941 Shares tendered by Real Estate Opportunities plc in accordance with its undertaking to the Company. \n \nOf the shares tendered, 1.5 million will be purchased by the Company for cancellation in accordance with its commitment, the whole balance having been successfully placed by Matrix Corporate Capital LLP. Therefore, all valid tender applications will be satisfied in full. \n \nIt is expected that the proceeds of the Tender Offer will be paid to Shareholders who validly tendered Shares on or around 25 March 2010. \n \nTerms used and not defined in this announcement bear the same meaning given to them in the Circular dated 8 March 2010. \n \nRay Horney, Chairman of the Company, commented: \"We are delighted that the Tender Offer has been successful in providing an exit from the Company for those shareholders who so wished and in particular that the demand from investors substantially exceeded the number of shares available to be placed. Through the placing, we are also pleased to welcome several new shareholders to the Company.\" \n \nEnquiries: \n \nChina Real Estate Opportunities plc\nRay Horney, Chairman\nTel: + 44 (0) 1273 775 225 \n \nSarah Moriarty, Investor Relations\nTel: + 353 1 618 9455\n \nMatrix Corporate Capital LLP\nPaul Fincham\nTel: + 44 (0) 20 3206 7000\n \nDavy\nDes Carville\nTel: + 353 1 679 6363\n \nCitigate Dewe Rogerson Limited\nTom Baldock\nTel: + 44 (0) 20 7638 9571\n \nMurray Consultants \nEd Micheau\nTel: + 353 1 498 030\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END RTEJJMFTMBATMJM \n ","length":4138,"tagName":"div"}]