28th Nov 2006 15:11
Crescent Hydropolis Resorts PLC28 November 2006 CRESCENT HYDROPOLIS RESORTS PLC Isle of Man Munich Qingdao ANNOUNCEMENT Changes in Shareholdings Crescent Hydropolis Resorts PLC (the Company) reports that Mr Klaus Foerster,acting as trustee for Poseidon, Apollo and Neptune investors, has reduced hisholdings in the Company by a total of 3,885,300 Ordinary Shares representing4.78% of all outstanding Ordinary Shares. None of the transfers made, when taken individually, to 26 recipients from 17October until 22 November represented more than 1% of total outstanding OrdinaryShares in the Company at the time of any single transfer, or when combined, toany single recipient and none of the transfers, save as disclosed below, were torelated parties. All transfers were made for no consideration. Please see thetable below for amounts and dates: 253,000 Shares 17 October 2006 700,000 Shares 20 October 2006 700,000 Shares 20 October 2006 200,800 Shares 22 October 2006 173,500 Shares 05 November 2006 705,000 Shares 11 November 2006 410,000 Shares 14 November 2006 68,000 Shares 15 November 2006 675,000 Shares 17 November 20063,885,300 Shares Total Ordinary Shares transferred These share transfers are in addition to those already disclosed in theCompany's previous announcements of changes to shareholdings on 11 September2006 (9,540,000 Ordinary Shares transferred), 26 September 2006 (2,000,000Ordinary Shares transferred) and 26 October 2006 (1,000,000 Ordinary Sharestransferred). The Company further announces that Mr Foerster transferred 2,000,000 OrdinaryShares representing 2.46% to The Ijaz Group, Inc., a private corporation inwhich Mr Mansoor Ijaz, a Company director, has an interest, and which interestsaccrue for the benefit of his minor children. The transfers were made between17 November and 22 November 2006 for no consideration. As a result of these changes, Mr Foerster now holds 38,249,849 shares for thebenefit of Poseidon, Neptune and Apollo investors in the Company, representing47.04% of all outstanding shares. Of these holdings, Mr Joachim Hauser,executive chairman and director of the Company, due to his connections with thebeneficiaries of the Poseidon, Neptune and Apollo investors, is interested in22,145,149 Ordinary Shares representing 27.24% of the Company's interests,reduced from his previously disclosed holdings on 11 September of 24,760,149,which at that time represented 30.56% of the Company's total outstanding sharecapital. Save as disclosed, there is no other relevant information required under AIMRules. For further information, please contact: Alfred Wuttke Mansoor IjazChief Executive Deputy [email protected] [email protected] 28 November 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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