Pacific Alliance China Land Limited Share Dealings (4285X)

TIDMPACL

RNS Number : 4285X

Pacific Alliance China Land Limited

07 February 2013

7 February 2013

Pacific Alliance China Land Limited

Share Dealings

Pacific Alliance China Land Limited ("PACL" or the "Company") (AIM: PACL) the closed-end investment company admitted to trading on AIM, today notifies the following clarifications.

As part of the Tender Offer closed on 16 November 2012, Mr. Horst Geicke, director of the Company, tendered a total of 1,756,133 ordinary shares, of which 47,943 ordinary shares were his Basic Entitlement (as defined in the Tender Offer Circular dated 17 October 2012) and 1,708,190 ordinary shares were tendered as Excess Shares (as defined in the Tender Offer Circular dated 17 October 2012) and a total of 63,733 ordinary shares were accepted for repurchase by the Company's wholly-owned subsidiary, PACL Trading Limited, at the tender price of US$2.16 per share. The Company also clarifies that on 22 October 2012, Mr. Geicke purchased 100,000 ordinary shares at an average price of US$1.367 per share.

As part of the Tender Offer closed on 10 July 2012, Mr. Geicke tendered a total of 1,741,715 ordinary shares, of which 67,230 ordinary shares were his Basic Entitlement (as defined in the Tender Offer Circular dated 8 June 2012) and 1,674,485 ordinary shares were tendered as Excess Shares (as defined in the Tender Offer Circular dated 8 June 2012) and a total of 85,582 ordinary shares were accepted for repurchase by the Company's wholly-owned subsidiary, PACL Trading Limited, at the tender price of US$2.11 per share.

The Company also clarifies that on 21 November 2011, Mr. Geicke purchased 100,000 ordinary shares at an average price of US$1.19 per share.

As a result of the above transactions, Mr. Geicke is directly interested in 1,692,400 of the Company's ordinary shares representing 1.28 per cent. of the Company's total voting rights, and he has an indirect interest in 3,588,208 of the Company's Ordinary Shares, representing 2.71 per cent. of the Company's total voting rights held by Pacific Alliance Real Estate and its affiliates.

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$297.74 millionas at 31 December 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 320 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

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