Pacific Alliance Asia Opp Fd Ld Director Dealing (7944R)

TIDMPAX

RNS Number : 7944R

Pacific Alliance Asia Opp Fd Ld

16 September 2014

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 dealings in the Company.

The Company has been informed that, as part of the Tender Offer that closed on Thursday, 28 August 2014 and settled on Friday, 5 September 2014:

Mr. Anthony Miller, a director of the Company, tendered a total of 1,089,347 ordinary shares, of which 65,360 ordinary shares were tendered as his Basic Entitlement and 1,023,987 ordinary shares were tendered as Excess Shares, of which 1,933 Excess Shares were accepted, such that a total of 67,293 ordinary shares were accepted for repurchase by PAX Share Trading Limited, at the tender price of US$1.66 per share.

As a result of these transactions, Mr. Miller is directly interested in 1,022,054 of the Company's ordinary shares representing 1.08 per cent. of the Company's total voting rights, and indirectly interested, in 8,628,563 of the Company's ordinary shares, representing 9.14 per cent. of the Company's voting rights held by Pacific Alliance Investment Management Limited, the Company's investment manager and its affiliates and, indirectly interested in, 25,711,556 of the Company's ordinary shares representing 27.23 per cent. of the Company's total voting rights held by Pacific Alliance Asia Opportunity Fund L.P.

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

Pacific Alliance Asia Opportunity Fund Limited (AIM: PAX) is a closed-end investment company with net assets of US$167 million as at 31 July 2014. PAX was admitted to trading on the AIM Market of the London Stock Exchange in September 2006 and is a feeder fund for Pacific Alliance Asia Opportunity Fund L.P. (the "Master Fund"). The Master Fund's investment objective is to generate superior risk adjusted returns through investing in the most attractive opportunities in the Asian markets. The Master Fund is opportunistic and dynamic with respect to the strategies it employs and invests across the capital structure in search of the best risk adjusted returns. It pursues distressed credit, special situations, arbitrage and origination strategies, concentrating on mispricings rather than directional exposure.

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 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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