TIDMPACL

RNS Number : 0420E

Pacific Alliance China Land Limited

07 May 2013

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i) 
 1. Identity of the issuer or the underlying                PACIFIC ALLIANCE CHINA LAND 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
                                                   ------------------------------------ 
 2 Reason for the notification (please tick the appropriate box or boxes): 
 An acquisition or disposal of voting rights                                       X 
------------------------------------------------------------------------------  ------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
------------------------------------------------------------------------------  ------- 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
------------------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------------------------  ------- 
 Other (please 
  specify): 
------------------  ----------------------------------------------------------  ------- 
 3. Full name of person(s) subject               Lehman Brothers International (Europe) 
  to the                                                            (in administration) 
  notification obligation: (iii) 
                                            ------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
                                            ------------------------------------------- 
 5. Date of the transaction and date                                    Not Available i 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
                                            ------------------------------------------- 
 6. Date on which issuer notified:                                             03/05/13 
                                            ------------------------------------------- 
 
 

i Given the status of Lehman Brothers International (Europe) (in administration) ("LBIE"),

information relating to the positions held by LBIE has been difficult to ascertain, which has

resulted in the delay in being able to make the required notification. Furthermore in this case, it

has not been possible to determine the precise circumstances in which the threshold was crossed

and the timing of crossing the threshold. In preparing this notification, Lehman Brothers In Administration ("LBIA") has reviewed such information as is readily available to it from a range of records and the information provided herein is provided on the basis of the information in those records.

 
 7. Threshold(s) that is/are crossed   3% plus ii 
  or 
  reached: (vi, vii) 
 
 
 8. Notified details: 
 A: Voting rights attached to shares (viii, ix) 
 Class/type      Situation previous                    Resulting situation after the triggering 
 of               to the triggering                     transaction 
 shares           transaction 
 
 if possible 
 using 
 the ISIN CODE 
                ------------------------------------  --------------------------------------------------------------------- 
                 Number           Number               Number         Number of voting          % of voting rights 
                  of               of                   of shares      rights                    (x) 
                  Shares           Voting 
                                   Rights 
                ---------------  -------------------  -------------  ------------------------  ---------------------------- 
                                                       Direct         Direct         Indirect   Direct         Indirect 
                                                                       (xi)           (xii) 
                  ----  -------  ------  -----  ----  -------------  -------------  ---------  -------------  ------------- 
 
 
  KYG6846Y1035   11,962,900       11,962,900           11,957,770     11,957,770     n/a        9.05% 
                ---------------  -------------------  -------------  -------------  ---------  -------------  ------------- 
 
 
 B: Qualifying Financial Instruments 
 Resulting situation after the triggering transaction 
 Type of financial       Expiration       Exercise/                        Number of voting              % of voting 
  instrument              date (xiii)      Conversion Period                rights that may               rights 
                                           (xiv)                            be 
                                                                            acquired if the 
                                                                            instrument is 
                                                                            exercised/ converted. 
                        ---------------  -------------------------------  ----------------------------  ------------------- 
 n/a 
                        ---------------  -------------------------------  ----------------------------  ------------------- 
 
 
 
 
   ii As you may be aware, AV Lomas, SA Pearson, PD Copley, R Downs and 
   JG Parr each a partner of PricewaterhouseCoopers LLP were appointed as 
   Joint Administrators of Lehman Brothers International (Europe) (in administration) 
   ("LBIE") to manage its affairs, business and property as agents without 
   personal liability. As a result of the circumstances of LBIE's administration, 
   LBIE's records may not reflect an accurate statement of its holding in 
   shares of the company. Discrepancies may arise, for example, as a result 
   of trades which were executed prior to the administration of LBIE not 
   being settled as between the parties post-administration, and as a result 
   of the termination of contracts between LBIE and its counterparties (e.g. 
   derivatives transactions under master agreements, and the liquidation 
   of positions by third parties). In addition, Lehman Brothers In Administration 
   ("LBIA") employees with knowledge relevant to the holdings may no longer 
   work with LBIE's business. In preparing this form, LBIE has reviewed 
   such information as is readily available to it from a range of LBIE records 
   and the information provided herein is provided on the basis of the information 
   in those records. 
--------------------------------------------------------------------------------------------------------------------------- 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
 Resulting situation after the triggering transaction 
 Type of           Exercise       Expiration     Exercise/            Number of voting              % of voting rights 
 financial          price          date (xvii)    Conversion           rights instrument             (xix, xx) 
 instrument                                       period               refers to 
                                                  (xviii) 
                  -------------  -------------  -------------------  ----------------------------  ------------------------ 
 n/a                                                                                                Nominal       Delta 
                  -------------  -------------  -------------------  ----------------------------  ------------  ---------- 
 
 
 Total (A+B+C) 
 Number of voting rights                                            Percentage of voting rights 
                                                                   -------------------------------------------------------- 
 11,957,770                                                         9.05% 
                                                                   -------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
 
   n/a 
 
 Proxy Voting: 
 10. Name of the proxy holder:                                               n/a 
                                                     --------------------------- 
 11. Number of voting rights proxy holder will                               n/a 
  cease 
  to hold: 
                                                     --------------------------- 
 12. Date on which proxy holder will cease to                                n/a 
  hold 
  voting rights: 
                                                     --------------------------- 
 
 
  13. Additional information:                                                n/a 
 14. Contact name:                                Latifa Debbarh/Amanda Ferriggi 
                                          -------------------------------------- 
 15. Contact telephone number:                     0203 036 2516 / 0203 036 2075 
                                          -------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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