REO Real Estate

TIDMREO

RNS Number : 2959J

Real Estate Opportunities PLC

28 June 2011

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the 
 underlying issuer of existing shares to 
 which voting rights are attached: (ii)          Real Estate Opportunities plc 
------------------------------------------  ---------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
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 An acquisition or disposal of voting rights 
---------------------------------------------------------------------  ------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
---------------------------------------------------------------------  ------- 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
---------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights 
---------------------------------------------------------------------  ------- 
 Other (please 
  specify):       Conversion of REO CULS to REO ordinary shares           X 
---------------  ----------------------------------------------------  ------- 
 3. Full name of person(s) subject 
  to the                                     Audley Capital Management Limited 
  notification obligation: (iii)            Kings Chapel International Limited 
------------------------------------  ---------------------------------------- 
                                          Audley European Opportunities Master 
                                                                  Fund Limited 
                                                           Audley Investment I 
 4. Full name of shareholder(s)                           Audley Investment II 
  (if different from 3.):(iv)               Kings Chapel International Limited 
------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date 
  on 
  which the threshold is crossed or 
  reached: (v)                                                        12/05/11 
------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                                    27/06/11 
------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                        3% 
------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------------------- 
 Class/type 
 of shares if 
 possible       Situation previous 
 using the       to the triggering                   Resulting situation after the triggering 
 ISIN CODE       transaction                          transaction 
-------------  -----------------------------------  ----------------------------------------------------------------- 
                                Number 
                Number           of 
                 of              Voting              Number         Number of voting        % of voting rights 
                 Shares          Rights               of shares      rights                  (x) 
-------------  --------------  -------------------  -------------  ----------------------  -------------------------- 
                                                                    Direct     Indirect 
                                                     Direct          (xi)       (xii)       Direct        Indirect 
-------------    ---  -------  ------  -----  ----  -------------  ---------  -----------  ------------  ------------ 
 GB0030364995   2,432,062       2,432,062            14,759,972                14,759,972                 3.3% 
               --------------  -------------------  -------------  ---------  -----------  ------------  ------------ 
 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------- 
                                                                       Number of voting 
                                                                        rights that may 
                                                                        be 
                                        Exercise/                       acquired if the 
 Type of financial     Expiration        Conversion Period              instrument is               % of voting 
  instrument            date (xiii)      (xiv)                          exercised/ converted.        rights 
--------------------  ---------------  -----------------------------  ---------------------------  ------------------ 
 N/A                   N/A              N/A                            N/A                          N/A 
--------------------  ---------------  -----------------------------  ---------------------------  ------------------ 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
--------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------- 
                                               Exercise/ 
 Type of                                        Conversion    Number of voting 
 financial        Exercise      Expiration      period         rights instrument              % of voting rights 
 instrument        price         date (xvii)    (xviii)        refers to                       (xix, xx) 
---------------  ------------  -------------  -------------  ------------------------------  ------------------------ 
 N/A              N/A           N/A            N/A            N/A                             Nominal       Delta 
---------------  ------------  -------------  -------------  ------------------------------  ------------  ---------- 
                                                                                              N/A           N/A 
-------------    ---  -------  ------  -----  ----  -------  ----     ------  -----------    ------------  ---------- 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                      Percentage of voting rights 
-----------------------------------------------------------  -------------------------------------------------------- 
 14,759,972                                                   3.3% 
-----------------------------------------------------------  -------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------ 
 Audley Capital Management Limited is a subsidiary undertaking of Kings Chapel 
 International Limited and therefore the shares held by Audley Capital 
 Management Limited are also deemed to be held by Kings Chapel International 
 Limited as it relates to the reportable interest. 
 
 Proxy Voting: 
------------------------------------------------------------------------------ 
 10. Name of the proxy holder:                                             N/A 
------------------------------------------------  ---------------------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold:                                                                 N/A 
------------------------------------------------  ---------------------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights:                                                           N/A 
------------------------------------------------  ---------------------------- 
 
 13. Additional information:                                               N/A 
------------------------------------  ---------------------------------------- 
 14. Contact name:                         Martin Daly, REO Investor Relations 
------------------------------------  ---------------------------------------- 
 15. Contact telephone number:                               00 353 1 618 9455 
------------------------------------  ---------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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