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29/08/08

Interim Management Report for the six months to 30 June 2008

Highlights

On 14 February 2008 the Royal Court of Jersey granted approval of a Scheme of Arrangement (described in a circular to the shareholders of Real Estate Opportunities Limited (‘REO’) dated 18 December 2008).  The Scheme involved the Zero Dividend Preference Shares ("ZDP Shares"), part of the share capital of REO, being cancelled and, in exchange,  New ZDP Shares being issued to ZDP Shareholders on a one for one basis. The New ZDP Shares were issued by a newly incorporated subsidiary of REO, REO Securities Limited. Implementation of the Scheme allowed the New ZDP Shares to be repaid by way of the winding up of REO Securities Limited on 31 May 2011 rather than the winding up or reconstruction of REO itself.  
Admission of the 57,755,782 New ZDP Shares of REO Securities Limited to the Official List of the UK Listing Authority took place on 18 February 2008, with dealings therein on the London Stock Exchange commencing on the same day.  These interim accounts constitute the first set of accounts of REO Securities Limited.
Shareholders’ attention is drawn to the publication of the interim results for Real Estate Opportunities Limited also published today (29 August 2008).

Click here to view the full report as a PDF


 

11/06/08

Result of Annual General Meeting

The Board of REO Securities Limited announces that all resolutions put to shareholders at the Annual General Meeting were passed.

   
   
 

 

 

                     
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