Pacific Alliance China Land Limited Results of EGM (5707J)

TIDMPACL

RNS Number : 5707J

Pacific Alliance China Land Limited

18 December 2015

Pacific Alliance China Land Limited (AIM: PACL)

Results of EGM

Pacific Alliance China Land Limited ("PACL" or the "Company"), announces the results of the Extraordinary General Meeting of Shareholders ("EGM") held today on 18 December 2015.

Shareholders have voted unanimously to approve the recommendation put forward by the Board that the Company continue as presently constituted, as detailed in the notice published on 19 November 2015.

The continuation resolution was passed unanimously as a special resolution, and the Board was pleased to note that some 53.5% of the Company's shares outstanding voted at the EGM.

 
 Resolution                    In Favour           Against      Withheld 
----------------------  ----------------------  -------------  --------- 
                            Votes         %*     Votes    %*     Votes 
----------------------  -------------  -------  ------  -----  --------- 
 
   Special Resolution      55,562,632     100%      0      0%       0 
----------------------  -------------  -------  ------  -----  ---------

* Percentage of votes cast excludes Withheld votes.

Enquiries:

 
 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 
  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

About Pacific Alliance China Land:

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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December 18, 2015 05:36 ET (10:36 GMT)

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