Notification of Major Interest in Shares (6648Y)

TIDMREOP

RNS Number : 6648Y

REO Securities Limited

29 December 2010

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the        Real Estate Opportunities plc 
 underlying issuer of existing shares 
 to which voting rights are attached: 
--------------------------------------  --------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
------------------------------------------------------------------------------- 
 An acquisition or disposal of voting                        x 
 rights 
-----------------------------------------  ------------------------------------ 
 An acquisition or disposal of qualifying                   N/A 
 financial instruments which may result 
 in the acquisition of shares already 
 issued to which voting rights are 
 attached 
-----------------------------------------  ------------------------------------ 
 An acquisition or disposal of                              N/A 
 instruments with similar economic effect 
 to qualifying financial instruments 
-----------------------------------------  ------------------------------------ 
 An event changing the breakdown of                         N/A 
 voting rights 
-----------------------------------------  ------------------------------------ 
 Other (please                                              N/A 
  specify): 
------------------------------------  ---  ------------------------------------ 
 3. Full name of person(s) subject     Treasury Holdings Unlimited 
  to the 
  notification obligation: 
------------------------------------  ----------------------------------------- 
 4. Full name of shareholder(s)        Brossbar Unlimited; IREO Irish Real 
 (if different from 3.):                Estate Opportunities Fund PLC; 
                                       M1 Development Company Limited; 
                                       Treasury Holdings Unlimited 
------------------------------------  ----------------------------------------- 
 5. Date of the transaction and date   29 December 2010 
  on 
  which the threshold is crossed or 
  reached: 
------------------------------------  ----------------------------------------- 
 6. Date on which issuer notified:     29 December 2010 
------------------------------------  ----------------------------------------- 
 7. Threshold(s) that is/are crossed   Below 65 per cent 
  or 
  reached: 
------------------------------------  ----------------------------------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------------- 
 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 
                  Shares           Rights           of shares      rights                   % of voting rights 
--------------  ---------------  ---------------  -------------  ------------------------  ------------------------- 
                                                   Direct         Direct         Indirect   Direct        Indirect 
--------------      -----------    -----------    -------------  -------------  ---------  ------------  ----------- 
 Ordinary 
 shares of 1p 
 each (in 
 respect of 
 Brossbar 
 Unlimited)      56,012,081       56,012,081       50,753,547     50,753,547                15.20% 
--------------  ---------------  ---------------  -------------  -------------  ---------  ------------  ----------- 
 Ordinary 
 shares of 1p 
 each (in 
 respect of 
 IREO Irish 
 Real Estate 
 Opportunities 
 Fund PLC)       121, 779,875     121, 779,875     121, 779,875   121, 779,875              36.46% 
--------------  ---------------  ---------------  -------------  -------------  ---------  ------------  ----------- 
 Ordinary 
 shares of 1p 
 each (in 
 respect of M1 
 Development 
 Company 
 Limited)        26,155,716       26,155,716       26,155,716     26,155,716                7.83% 
--------------  ---------------  ---------------  -------------  -------------  ---------  ------------  ----------- 
 Ordinary 
 shares of 1p 
 each (in 
 respect of 
 Treasury 
 Holdings 
 Unlimited)      17,833,368       17,833,368       17,833,368     17,833,368                5.34% 
--------------  ---------------  ---------------  -------------  -------------  ---------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------- 
                                                                    Number of voting 
                                                                     rights that may 
                                                                     be 
                                                                     acquired if the 
 Type of financial   Expiration     Exercise/                        instrument is              % of voting 
  instrument          date           Conversion Period               exercised/ converted.       rights 
------------------  -------------  ------------------------------  --------------------------  --------------------- 
 N/A 
------------------  -------------  ------------------------------  --------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
-------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------- 
 Type of                                         Exercise/        Number of voting 
 financial         Exercise       Expiration     Conversion        rights instrument 
 instrument         price         date           period            refers to                  % of voting rights 
----------------  -------------  -------------  ---------------  --------------------------  ----------------------- 
 N/A                                                                                          Nominal       Delta 
----------------  -------------  -------------  ---------------  --------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  ---------------------------------------------------------------- 
 216,522,506                                         64.83% 
--------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
---------------------------------------------------------------------------- 
            -- Brossbar Unlimited is a wholly owned subsidiary of Treasury 
            Group Unlimited. Treasury Group Unlimited is a wholly owned 
            subsidiary of Treasury Holdings Unlimited. -- IREO Irish Real 
            Estate Opportunities Fund PLC is a subsidiary owned 50% by 
            Greyleaf and 50% by THL (Holdings). Greyleaf and THL (Holdings) 
            are both wholly owned subsidiaries of Treasury Holdings 
            Unlimited. -- M1 Development Company Limited is a wholly owned 
            subsidiary of Treasury Holdings Unlimited. 
 
 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:                                           Rory Williams 
----------------------------------------------------------  ---------------- 
 15. Contact telephone number:                               [phone] 
----------------------------------------------------------  ---------------- 
 
 

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