Pacific Alliance Asia Opp Fd Ld Director Dealing (2217W)
December 23 2013 - 5:37AM
UK Regulatory
TIDMPAX
RNS Number : 2217W
Pacific Alliance Asia Opp Fd Ld
23 December 2013
23 December 2013
Pacific Alliance Asia Opportunity Fund Limited
Director Dealing
Pacific Alliance Asia Opportunity Fund Limited ("PAX" or the
"Company") (AIM: PAX), the closed-end investment company admitted
to trading on AIM, today announces the following director
dealings.
The Company has been informed that, as part of the Tender Offer
that closed on Wednesday, 11 December 2013 and settled on Thursday,
19 December 2013:
Metage Capital Limited, an investment management firm in which a
director of the Company, Mr. Richard Webb, is a director and
controlling shareholder, tendered a total of 431,704 ordinary
shares, of which 25,902 ordinary shares were tendered as its Basic
Entitlement and 405,802 ordinary shares were tendered as Excess
Shares, of which 1,214 Excess Shares were accepted, such that a
total of 27,116 ordinary shares were accepted for repurchase by the
Company's wholly-owned subsidiary, PAX Share Trading Limited, at
the tender price of US$1.57 per share.
As a result of these transactions, Mr. Webb has an indirect
interest in 404,588 of the Company's Ordinary Shares, representing
0.40 per cent. of the Company's total voting rights.
For more information, please contact:
MANAGER: LEGAL COUNSEL:
Chris Gradel, Managing Partner Jon Lewis, General Counsel
Pacific Alliance Investment Management PAG
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
cgradel@pagasia.com jlewis@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$158.13 million
as at 30 November 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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