Notification of major interest in shares
June 12 2009 - 10:45AM
UK Regulatory
TIDMCCPL
RNS Number : 8528T
China Central Properties Limited
12 June 2009
+------------------------------------------+--+----------------------------------------+
| NOTIFICATION OF A MAJOR INTEREST IN SHARES PURSUANT TO ARTICLE 75.1(b) |
+--------------------------------------------------------------------------------------+
| | |
+---------------------------------------------+----------------------------------------+
| 1. Identity of the issuer or the underlying | China Central Properties Limited |
| issuer | ("CCP") |
| of existing shares to which voting rights | |
| are | |
| attached: | |
+---------------------------------------------+----------------------------------------+
| 2 Reason for the notification: | An acquisition of voting rights |
+------------------------------------------+-------------------------------------------+
| 3. Full name of person(s) subject to the | Shui On Construction and Materials |
| notification obligation: | Limited ("SOCAM") |
+------------------------------------------+-------------------------------------------+
| 4. Date of the transaction and date on | 10 June 2009 |
| which the threshold is crossed or | |
| reached: | |
+------------------------------------------+-------------------------------------------+
| 5. Date on which issuer notified: | 12 June 2009 |
+------------------------------------------+-------------------------------------------+
| 6. Threshold(s) that is/are crossed or | 3% |
| reached: | |
+------------------------------------------+--+----------------------------------------+
+----------------+------------------+----------------+------------------+------------------+----------------+
| 7. Notified details: |
+-----------------------------------------------------------------------------------------------------------+
| Class/type of | Situation previous | Resulting situation after the triggering transaction |
| shares | to the triggering | |
| | transaction | |
+ +-----------------------------------+------------------------------------------------------+
| | Number | Number | Number | Number of voting | % of voting |
| | of | of | of shares | rights | rights |
| | Shares | Voting | | | |
| | | Rights | | | |
+ + + +----------------+------------------+------------------+
| | | | Direct | Direct | Direct |
+----------------+----------------+------------------+----------------+------------------+----------------+
| Ordinary | 0 | 0 | 147,785,492 | 147,785,492 | 52 |
+----------------+------------------+----------------+------------------+------------------+----------------+
+----------------------------------------------------------------------------------------+
| 8. Price of acquisition |
+----------------------------------------------------------------------------------------+
| The CCP shares were acquired pursuant to the offer for CCP by SOCAM for a |
| consideration of either 1.150 new SOCAM shares for each CCP share or 0.575 new SOCAM |
| shares and 32.50 pence in cash for each CCP share. |
+----------------------------------------------------------------------------------------+
+----------------------------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and/or the |
| financial instruments are effectively held, if applicable: |
+----------------------------------------------------------------------------------------+
| There are 147,785,492 voting rights held by SOCAM and these CCP shares are still |
| registered in the names of former CCP shareholders. In addition, 120,588,000 CCP |
| shares are beneficially owned by Brilliance Investments Limited, a wholly-owned |
| subsidiary of SOCAM. |
+----------------------------------------------------------------------------------------+
For further information, please contact:
+--------------------------------------------+------+---------------------+
| China Central Properties Limited | | |
+--------------------------------------------+------+---------------------+
| Ms. Elaine Yuen, Company Secretary | | +852 2296 8033 |
+--------------------------------------------+------+---------------------+
| | | |
+--------------------------------------------+------+---------------------+
| Seymour Pierce Limited | | |
+--------------------------------------------+------+---------------------+
| Chris Howard / Mark Percy / Christopher | | +44 20 7107 8000 |
| Wren | | |
+--------------------------------------------+------+---------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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