Pacific Alliance China Land Limited Share Dealings (6852H)
June 24 2013 - 4:22AM
UK Regulatory
TIDMPACL
RNS Number : 6852H
Pacific Alliance China Land Limited
24 June 2013
24 June 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, announces the following dealings in the Company.
The Company has been informed that on 20 June 2013, PARE Trading
Limited, a wholly-owned subsidiary of Pacific Alliance Real Estate
Limited ("PARE"), the Company's investment manager, transferred a
total of 521,352 of the Company's ordinary shares of US$0.01 each
(the "Ordinary Shares") to its staff.
As a result of the transaction, PARE and its affiliates are
interested in 3,476,677 of the Company's Ordinary Shares which
represents 2.65 per cent. of the Company's total voting rights.
As a result of PARE's interest in the Company, both Mr. Horst
Geicke, a director of the Company, and Mr. Jon-Paul Toppino, a
director of the Company, and director, President & Chief
Investment Officer of PARE have an indirect interest in 3,476,677
of the Company's Ordinary Shares, representing 2.65 per cent. of
the Company's total voting rights held by PARE 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 UK LLP
Securities T: (44) 20 7383 5100
T: (44) 20 7845 5960 Philip.J.Secrett@uk.gt.com
F: (44) 20 7845 5961
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$301.36
millionas at 31 May 2013. 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 Pacific Alliance China Land Limited,
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
END
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