Pacific Alliance China Land Limited Holding(s) in Company (0035G)
May 31 2013 - 5:36AM
UK Regulatory
TIDMPACL
RNS Number : 0035G
Pacific Alliance China Land Limited
31 May 2013
T TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
----------------------------------------------------
--------------------------------------------------------------------------------------------
1. Identity of the issuer or Pacific Alliance China
the underlying issuer Land Limited
of existing shares to which
voting rights are
attached: (ii)
---------------------------------------------------------- --------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
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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) Ironsides Partners LLC
subject to the
notification obligation:
(iii)
---------------------------------------------------------- --------------------------------
4. Full name of shareholder(s) Ironsides Partners Opportunity
(if different from 3.):(iv) Master Fund L.P.
Ironsides Partners Special
Situations Master Fund L.P.
---------------------------------------------------------- --------------------------------
5. Date of the transaction 28 May 2013
and date on
which the threshold is
crossed or
reached: (v)
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6. Date on which issuer 29 May 2013
notified:
---------------------------------------------------------- --------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 6%
---------------------------------------------------------- --------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------ ----------------------------------- -------------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
------------ ---------------- ----------------- -------------- ------------------------ -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------ ------------ ------------- -------------- --------- ------------- ------------ -----------
Ordinary
Shares 2,334,899 2,334,899 3,834,899 2.93%
---------------- ----------------- -------------- --------- ------------- ------------ -----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
---------------- -------------- --------------------------------- -------------------------- ---------------------
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
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
-------------- -------------- --------------- ---------------- -------------------------- -----------------------
Contracts N/A Feb. N/A 4,758,451 Nominal Delta
for 10,
Difference 2014
- June
2, 2023
-------------- -------------- --------------- ---------------- -------------------------- ------------ ---------
3.63% 3.63%
------------ ------------ ------------- ------------ ------- ------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------- -----------------------------------------------------------------
8,593,350 6.56%
--------------------------------------------------- -----------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
--------------------------------------------------------------------------------
Ironsides Partners LLC, a U.S. registered investment
advisor, is an indirect holder of the shares and is
entitled to exercise the above voting rights and the
rights pursuant the contracts for difference because
Ironsides Partners LLC is the discretionary investment
manager of Ironsides Partners Opportunity Master Fund
L.P. and the Ironsides Partners Special Situations Master
Fund L.P. (the "Shareholders").
The Shareholders are the direct holders of the above
shares and/or parties to the contracts for difference.
Proxy Voting:
--------------------------------------------------------------------------------
10. Name of the proxy holder:
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11. Number of voting rights proxy
holder will cease
to hold:
------------------------------------------------------------- -----------------
12. Date on which proxy holder will
cease to hold
voting rights:
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13. Additional information:
------------------------------------------------------------- -----------------
14. Contact name: Gustavo Resendiz
------------------------------------------------------------- -----------------
15. Contact telephone number: (617) 446-3136
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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