Pacific Alliance China Land Limited Share Dealings (8113N)
May 20 2015 - 9:35AM
UK Regulatory
TIDMPACL
RNS Number : 8113N
Pacific Alliance China Land Limited
20 May 2015
20 May 2015
Pacific Alliance China Land Limited
Share Dealings
Pacific Alliance China Fund Limited ("PACL" or the "Company")
(AIM: PACL), the closed-end investment company admitted to trading
on AIM, today announces the following dealings in the Company.
The Company purchased a total of 96,403 of the Company's
ordinary shares, US$0.01 each ("Ordinary Shares"), at the purchase
price of US$2.16 per share (the "Purchased Shares") on 20 May 2015
using PACL Trading Limited, its wholly-owned subsidiary organized
to effectively replicate a treasury facility. The Purchased Shares
will be transferred to Pacific Alliance Real Estate Limited or its
affiliates for the partial settlement of the 2014 performance fees,
in accordance with the Investment Management Agreement dated 20
November 2007, subject to the Company's Board approval.
Following this transaction, PACL Trading Limited holds a total
of 96,403 Ordinary Shares, which represents 0.09 per cent of the
Company's 103,887,384 Ordinary Shares in issue. As a result of this
transaction, total voting rights in the Company is 103,790,981
shares.
For further information please contact:
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:
Hiroshi Funaki Philip Secrett
Edmond de Rothschild Securities Grant Thornton UK LLP
T: (44) 20 7845 5960 T: (44) 20 7383 5100
funds@lcfr.co.uk Philip.J.Secrett@uk.gt.com
--------------------------------- ----------------------------
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 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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