Change in Substantial Shareholder's Interest
June 08 2009 - 7:25AM
UK Regulatory
TIDMCCPL
RNS Number : 5332T
China Central Properties Limited
08 June 2009
China Central Properties Limited ("CCP" or the "Company")
Change In Substantial Shareholder's Interest
The Company announces that on 2 June 2009 and 5 June 2009 it received
notifications from Spinnaker Global Emerging Markets Fund Limited ("SGEMF") that
SGEMF has (i) on 29 May 2009, sold 2,865,500 existing issued ordinary shares in
the Company at an average price of 80.56 pence each, and (ii) on 2 June 2009,
sold 345,690 existing issued ordinary shares in the Company at an average price
of 87.57 pence each (collectively, the "Transactions"). The Transactions reduced
SGEMF's holding in the Company from 22,681,500 existing issued ordinary shares
(approximately 8.07% of the total issued share capital of the Company) to
19,816,000 existing issued ordinary shares (approximately 7.05% of the total
issued share capital of the Company), and further down to 19,470,310 existing
issued ordinary shares (approximately 6.92% of the total issued share capital of
the Company). The total holdings of the Spinnaker funds which have been notified
to the Company are as follows:
+-------------------------+-------------------------+-------------------------+
| | No. of Ordinary Shares | Percentage of issued |
| | in respect of which | share capital (Note 1) |
| | voting rights are held | |
+-------------------------+-------------------------+-------------------------+
| Spinnaker Global | 19,470,310 | 7 |
| Emerging Markets Fund | | |
| Limited | | |
+-------------------------+-------------------------+-------------------------+
| Spinnaker Global | 11,795,250 | 4 |
| Strategic Fund Limited | | |
+-------------------------+-------------------------+-------------------------+
| Spinnaker Global | 10,313,250 | 3 |
| Opportunity Fund | | |
| Limited | | |
+-------------------------+-------------------------+-------------------------+
Note 1: all percentage numbers have been rounded down to the next nearest whole
number in accordance with the relevant provision contained in the Company's
articles, which reflects the relevant provision of the UK Disclosure and
Transparency Rules.
Share Capital and Substantial Interests
As of 8 June 2009, CCP's issued share capital consists of 281,193,011 ordinary
shares of par value GBP0.01 each.
The above figure of 281,193,011 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in or in relation to, the share
capital of the Company under the Company's articles of association (the
"Articles").
Shareholders are advised to refer to the Company's website,
http://www.ccproperties.com.hk, which contains details of shareholders'
obligations to notify the Company of their Substantial Interests in and in
relation to the Company's capital pursuant to the Company's Articles. A copy of
the Company's Articles and a Notification of Substantial Interests Form are
available on the Company's website.
For further information, please contact:
China Central Properties Limited
Elaine Yuen, Company Secretary +852 2296 8033
This information is provided by RNS
The company news service from the London Stock Exchange
END
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