Pacific Alliance China Land Limited Update: Mandatory Share Repurchase (2392A)
June 03 2016 - 12:57PM
UK Regulatory
TIDMPACL
RNS Number : 2392A
Pacific Alliance China Land Limited
03 June 2016
3 June 2016
Pacific Alliance China Land Limited
Update: Mandatory Share Repurchase
Pacific Alliance China Land Limited ("PACL" or the "Company"),
(AIM: PACL), the closed-end investment company admitted to trading
on AIM, announces that further to its announcement 1 June 2016
regarding the distribution of US$96 million to shareholders by way
of a mandatory share repurchase, the Company has repurchased and
cancelled 42,290,746 (approximately 40.7 per cent.) of the
Company's ordinary shares leaving a total of 61,596,638 ordinary
shares issued and outstanding.
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
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BROKER: NOMINATED ADVISER:
Andrew Davies / Tom Fyson Philip Secrett
/ Rob Johnson Grant Thornton UK LLP
Liberum Capital Limited T: (44) 20 7383 5100
T: (44) 20 (0) 20 3100 Philip.J.Secrett@uk.gt.com
2000
www.liberum.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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