Pacific Alliance Asia Opp Fd Ld Director Dealing (5267K)
July 30 2013 - 12:54PM
UK Regulatory
TIDMPAX
RNS Number : 5267K
Pacific Alliance Asia Opp Fd Ld
30 July 2013
30 July 2013
Pacific Alliance Asia Opportunity Fund Limited
Director Dealings
Pacific Alliance Asia Opportunity Fund Limited ("PAX" or the
"Company") (AIM: PAX), the closed-end investment company admitted
to trading on AIM, today announces that Mr. Christopher Gradel, a
director of the Company, purchased 340,000 of the Company's
ordinary shares of US$0.01 each ("Ordinary Share") on 29 July 2013
at US$1.325 per Ordinary Share.
As a result of the transaction, Mr. Gradel is directly
interested in 8,003,063 of the Company's ordinary shares
representing 7.49 per cent. of the Company's total voting rights
and is indirectly interested in 10,541,347 of the Company's
Ordinary Shares representing 9.86 per cent. of the Company's total
voting rights.
For more information, please contact:
MANAGER: LEGAL COUNSEL:
Chris Gradel, Managing Jon Lewis, General Counsel
Partner PAG
Pacific Alliance Investment 15/F, AIA Central
Management 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
cgradel@pagasia.com
--------------------------------- ----------------------------
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
F: (44) 20 7845 5961 Philip.J.Secrett@uk.gt.com
funds@lcfr.co.uk
--------------------------------- ----------------------------
MEDIA RELATIONS:
Stephanie Barry
PAG
T: (852) 3719 3375
sbarry@pagasia.com
--------------------------------- ----------------------------
About Pacific Alliance Asia Opportunity Fund Limited
The Pacific Alliance Asia Opportunity Fund Ltd (AIM: PAX) is a
closed-end investment company with net assets of US$163.31 million
as at 30 June 2013. PAX was admitted to trading on the AIM Market
of the London Stock Exchange in September 2006. PAX is focused on
investing in distressed credit, private equity secondaries,
activist investments and other opportunities offering the
possibility of unlocking the underlying value of a company or asset
across the Asian markets.
For more information about Pacific Alliance Asia Opportunity
Fund Limited, please visit: www.pax-fund.com
Pacific Alliance Asia Opportunity Fund Limited is 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
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 320 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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