Pacific Alliance China Land Limited Result of Tender Offer - Additional Information (6217H)
July 13 2012 - 5:34AM
UK Regulatory
TIDMPACL
RNS Number : 6217H
Pacific Alliance China Land Limited
13 July 2012
13 July 2012
Pacific Alliance China Land Limited
Result of Tender Offer - Additional Information
Pacific Alliance China Land Limited ("PACL" or the "Company")
(AIM: PACL) the closed-end investment company admitted to trading
on AIM, announces and clarifies that a total of 98,534,374 of the
Company's ordinary shares were tendered in the Tender Offer that
closed on Tuesday, 10 July 2012, of which 4,367,154 ordinary shares
were tendered as part of the Basic Entitlement (as defined in the
Tender Offer Circular dated 8 June 2012) and 94,167,220 ordinary
shares were tendered as Excess Shares (as defined in the Tender
Offer Circular dated 8 June 2012).
A total of 1,032,087 Excess Shares were accepted pro rata from
all shareholders that tendered Excess Shares. As a result of the
transaction, a total of 5,399,241 ordinary shares tendered were
accepted for repurchase by the Company's wholly-owned subsidiary,
PACL Trading Limited, at a tender price of US$2.11 per share,
representing approximately 3.86 per cent. of the Company's ordinary
shares in issue and eligible for tender.
For further information, please contact:
MANAGER: LEGAL COUNSEL:
Patrick Boot, Managing Jon Lewis, General Counsel
Partner PAG
Pacific Alliance Real 15/F, AIA Central
Estate Limited 1 Connaught Road
15/F, AIA Central Central, Hong Kong
1 Connaught Road T: (852) 2918 0088
Central, Hong Kong F: (852) 2918 0881
T: (852) 2918 0088 jlewis@pagasia.com
F: (852) 2918 0881
pboot@pagasia.com
-------------------------- ----------------------------
BROKER: NOMINATED ADVISER:
Hiroshi Funaki Philip Secrett
LCF Edmond de Rothschild Grant Thornton Corporate
Securities Finance
T: (44) 20 7845 5960 T: (44) 20 7383 5100
F: (44) 20 7845 5961 Philip.J.Secrett@uk.gt.com
funds@lcfr.co.uk
-------------------------- ----------------------------
MEDIA RELATIONS:
Stephanie Barry
PAG
T: (852) 3719 3375
sbarry@pagasia.com
-------------------------- ----------------------------
About Pacific Alliance China Land Limited
Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a
closed-end investment company with net assets of US$293.8 million
as at 31 May 2012. PACL was admitted to trading on the AIM Market
of the London Stock Exchange in November 2007. PACL is focused on
investing in a portfolio of existing properties, new developments,
distressed projects and real estate companies in Greater China.
For more information about PACL, please visit:
www.pacl-fund.com
Pacific Alliance China Land Limited is a member of PAG (formerly
known as Pacific Alliance Group), the Asian alternative investment
fund management group. Founded in 2002, PAG is now one of the
region's largest Asia-focused alternative investment managers, with
funds under management across Private Equity, Real Estate and
Absolute Return strategies.
PAG has a presence across Asia with over 290 staff working in
the region.
For more information about PAG, please visit:
www.pagasia.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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