All Asia Asset Capital Limited Change in board role and Further re APU investment (8732V)

TIDMAAA

RNS Number : 8732V

All Asia Asset Capital Limited

02 February 2017

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

2 February 2017

All Asia Asset Capital Limited

("All Asia Asset Capital", "AAA" or the "Company")

Change in board role and further regarding APU investment

The Board of AAA (AIM: AAA) announces that the Company has conducted a review of its board structure and corporate governance, in light of AAA's existing investments and the Company's anticipated medium-term activities and requirements. Following this review, effective today, Paniti Junhasavasdikul's role on the Company's Board will change from Chief Executive of the Company to that of General Counsel, with Mr Junhasavasdikul remaining an executive director of the Company.

Investment in APU

Further to the announcement on 15 December 2016 regarding the Company's seven per cent. interest in Andaman Power and Utility Company Limited ("APU"), the Board wishes to advise that it has now received some initial communications from, and is engaged in dialogue with, United Power of Asia Public Company Limited ("UPA") regarding APU. At present there can be no certainty as to the eventual outcome of these discussions. Further announcements will be made as appropriate.

-Ends-

For further information:

 
 All Asia Asset Capital Limited 
 Paniti Junhasavasdikul, Chief 
  Executive Officer 
 Robert Berkeley, Executive Chairman 
  and Finance Director 
 Tel: +44 (0) 207 621 8910 
 Tel: +852 3756 0124 
 www.aaacap.com 
 
   Allenby Capital Limited (Nomad 
   & Broker) 
 Nick Athanas / Nick Naylor / 
  Alex Brearley 
 Tel: +44 (0) 203 328 5656 
 www.allenbycapital.com

About AAA

AAA is an investment company that has been established as a platform for investors looking to access growing markets in the Asia-Pacific region. The Company invests in a portfolio of companies with at least a majority of operations (or early-stage companies that intend to have at least a majority of their operations) in the Asia-Pacific region in industries with high growth potential including, but not limited to: agriculture, forestry and plantations, mining, natural resources, property, and/or technology. AAA is publicly quoted and its shares are traded on the AIM market, which is operated by the London Stock Exchange.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 02, 2017 05:25 ET (10:25 GMT)

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