Pacific Alliance China Land Limited Results of EGM (3598N)

TIDMPACL

RNS Number : 3598N

Pacific Alliance China Land Limited

25 July 2014

Pacific Alliance China Land Limited (AIM: PACL)

Results of EGM

Pacific Alliance China Land Limited ("PACL" or the "Company"), announces the result of the Extraordinary General Meeting of Shareholders ("EGM") held today on 25 July 2014.

Shareholders have voted unanimously to approve the recommendations put forward by the Board to amend the Company's investment policy and amend the Company's articles of association to facilitate the return of capital as the Company's portfolio is realised. All as detailed in the circular published on 24 June 2014.

All resolutions were passed unanimously and the Board was pleased to note that some 64.7% of the Company's shares outstanding voted at the EGM.

 
 Resolution                       In Favour           Against      Withheld 
                               Votes         %*     Votes    %*     Votes 
                           -------------  -------  ------  -----  --------- 
 
   Ordinary Resolution 1      84,380,844     100%      0      0%       0 
                           -------------  -------  ------  -----  --------- 
 
   Special Resolution 2       84,380,844     100%      0      0%       0 
                           -------------  -------  ------  -----  --------- 
 
   Special Resolution 3       84,380,844     100%      0      0%       0 
                           -------------  -------  ------  -----  ---------

* Percentage of votes cast excludes Withheld votes.

Enquiries:

 
 MANAGER:                           LEGAL COUNSEL: 
  Patrick Boot, Managing Partner     Jon Lewis, General Counsel 
  Pacific Alliance Real Estate       PAG 
  Limited                            15/F, AIA Central 
  15/F, AIA Central                  1 Connaught Road 
  1 Connaught Road                   Central, Hong Kong 
  Central, Hong Kong                 T: (852) 2918 0088 
  T: (852) 2918 0088                 F: (852) 2918 0881 
  F: (852) 2918 0881                 jlewis@pagasia.com 
  pboot@pagasia.com 
 FINANCIAL ADVISER AND BROKER:      NOMINATED ADVISER: 
  William Marle                      Philip Secrett 
  Hiroshi Funaki                     Grant Thornton UK LLP 
  John Armstrong-Denby               T: (44) 20 7383 5100 
  Edmond de Rothschild Securities    Philip.J.Secrett@uk.gt.com 
  T: (44) 20 7845 5960 
  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:

Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a closed-end investment company with net assets of US$296 million as at 30 June 2014. 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 managed by 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 300 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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