Pacific Alliance China Land Limited Update: Mandatory Share Repurchase (5462N)

TIDMPACL

RNS Number : 5462N

Pacific Alliance China Land Limited

09 August 2017

9 August 2017

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 of 1 August 2017 regarding the distribution of US$12 million by way of a mandatory share repurchase, the Company has repurchased and cancelled 4,240,282 (approximately 6.884 per cent) of the Company's ordinary shares leaving a total of 57,356,356 ordinary shares issued and outstanding.

For further information please contact:

 
 MANAGER:                        LEGAL COUNSEL: 
  Patrick Boot                    Jon Lewis 
  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 
 BROKER:                         NOMINATED ADVISER: 
  Henry Freeman                   Philip Secrett 
  Liberum Capital Limited         Grant Thornton UK LLP 
  T: (44) 20 (0) 20 3100 2000     T: (44) 20 7383 5100 
  www.liberum.com                 Philip.J.Secrett@uk.gt.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

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