Pacific Alliance Asia Opp Fd Ld Share Dealings (5219I)

TIDMPAX

RNS Number : 5219I

Pacific Alliance Asia Opp Fd Ld

30 May 2014

Pacific Alliance Asia Opportunity Fund Limited

Share Dealings

Pacific Alliance Asia Opportunity Fund Limited ("PAX" or the "Company") (AIM: PAX), the closed-end investment company admitted to trading on AIM, announces the following dealings in the Company.

The Company has been informed that on 30 May 2014, Pacific Alliance Asia Opportunity Fund L.P., a Cayman Islands exempted limited partnership (the "Master Fund") in which the Company invests substantially all its assets, purchased a total of 20,730,708 of the Company's ordinary shares (the "Ordinary Shares") at a price of US$1.55 per Ordinary Share.

As a result of the transaction, the Master Fund is directly interested in, and Mr. Gradel, a director of the Company, is indirectly interested in, 27,397,526of the Company's Ordinary Shares, representing 27.27 per cent. of the Company's voting rights.

Mr. Gradel remains directly interested in 8,656,512 of the Company's Ordinary Shares representing 8.62 per cent. of the Company's total voting rights. Mr. Gradel is indirectly interested in a further 9,193,608 of the Company's Ordinary Shares held by Pacific Alliance Investment Management and its affiliates, bringing Mr. Gradel's indirect interest to 36,591,134, representing 36.42 per cent of the Company's voting rights

For further 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

Pacific Alliance Asia Opportunity Fund Limited (AIM: PAX) is a closed-end investment company with net assets of US$164.01 million as at 30 April 2014. 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 Private Equity, Real Estate and Absolute Return strategies.

PAG has a presence across Asia with over 340 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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