Repurchase and Cancellation of Shares
July 03 2008 - 11:03AM
UK Regulatory
Repurchase and Cancellation of Shares
3 July 2008
Pacific Alliance China Land Limited
Repurchase and Cancellation of Shares
Pacific Alliance China Land Limited ("the Company" or "PACL")
announces that on 2 July 2008 the Company repurchased and cancelled
1,000,000 ordinary shares of US$0.01 each at US$0.89 per share. In
light of the current share price, the Investment Manager believes the
cancellation should enhance returns to shareholders.
As a result of this transaction, the number of Ordinary Shares in
issue, and therefore the total number of voting rights in the
Company, is 398,000,000.
For more information please contact:
+-------------------------------------------------------------------+
| MANAGER: | LEGAL COUNSEL: |
| Chris Gradel, Managing Partner | Jon Lewis, General Counsel |
| Pacific Alliance Group | Pacific Alliance Group |
| 16/F St. John's Building | 16/F St. John's Building |
| 33 Garden Road | 33 Garden Road |
| Central, Hong Kong | Central, Hong Kong |
| Tel: +852 29180088 | Tel: +852 29180088 |
| Fax: +852 29180881 | Fax: +852 29180881 |
| cgradel@pacific-alliance.com | jlewis@pacific-alliance.com |
| | |
|-------------------------------------+-----------------------------|
| BROKER: | NOMINATED ADVISER: |
| Hiroshi Funaki | Philip Secrett |
| LCF Edmond de Rothschild Securities | Grant Thornton UK LLP |
| Tel: +44 20 7845 5960 | Tel: +44 20 7383 5100 |
| Fax: +44 20 7845 5961 | Philip.J.Secrett@gtuk.com |
| funds@lcfr.co.uk | |
| | |
|-------------------------------------+-----------------------------|
| MEDIA RELATIONS: | |
| | |
| Pacific Alliance Group | |
| Sophie Hoggarth | |
| Pacific Alliance Group | |
| Tel: +86 21 61135818 | |
| shoggarth@pacific-alliance.com | |
| | |
| Financial Dynamics, London | |
| Christine Wood/David Cranmer | |
| Tel: +44 207 269 7100 | |
| | |
| Financial Dynamics, Asia | |
| Alastair Hetherington/Winnie Lo | |
| Tel: +852 3716 9800 | |
| | |
+-------------------------------------------------------------------+
About Pacific Alliance China Land Limited
Pacific Alliance China Land Limited (AIM:PACL) is a private equity
fund focused on investing in a portfolio of investments in existing
properties, new developments, distressed projects and pre-IPO and IPO
real estate companies in Greater China. The Company was admitted to
trading on the AIM Market of the London Stock Exchange and to listing
on the Channel Islands Stock Exchange in November 2007.
For more information, see www.pacl-fund.com
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