Pacific Alliance Asia Opp Fd Ld Results of Share Purchase (2726V)

TIDMPAX

RNS Number : 2726V

Pacific Alliance Asia Opp Fd Ld

24 October 2014

Pacific Alliance Asia Opportunity Fund Limited

Results of Share Purchase

Pacific Alliance Asia Opportunity Fund Limited ("PAX" or the "Company") (AIM: PAX), the closed-end investment company admitted to trading on AIM and listed feeder for Pacific Alliance Asia Opportunity Fund L.P. (the "Master Fund"), announces the results of the Share Purchase that closed today.

The Company's broker Edmond de Rothschild Securities (UK) Limited ("Rothschild") received orders to sell 6,466,656 shares at the Purchase Price of USD1.555. During the course of the order submission period, a substantial block of shares was purchased by an independent third party. As a result the Master Fund has purchased 325,000 shares at a price of USD1.555 today, and consequently has an interest in 26,036,556 shares representing 27.6% of the shares in issue.

The remaining USD14,494,625 of the initial USD15m Master Fund Share Purchase budget will supplement the second Share Purchase scheduled to take place in January 2015.

For further information please contact:

 
BROKER:                                           NOMINATED ADVISER: 
 Andrew Davies / Hiroshi Funaki                    Philip Secrett 
 Edmond de Rothschild Securities                   Grant Thornton UK LLP 
 T: (44) 20 7845 5960                              T: (44) 20 7383 5100 
 funds@lcfr.co.uk                                  Philip.J.Secrett@uk.gt.com 
 
 
  INVESTMENT MANAGER:                               MEDIA RELATIONS: 
  Pacific Alliance Investment Management Limited    Stephanie Barry 
  T: (852) 2918 0088                                PAG 
  pax@pagasia.com                                   T: (852) 3719 3375 
                                                    sbarry@pagasia.com

About Pacific Alliance Asia Opportunity Fund Limited

Pacific Alliance Asia Opportunity Fund Limited (AIM: PAX) serves as a feeder fund for Pacific Alliance Asia Opportunity Fund L.P. (the "Master Fund"), a Cayman Islands exempted limited partnership. PAX was admitted to trading on the AIM Market of the London Stock Exchange in September 2006.

The principal investment objective of both PAX and the Master Fund is to provide their respective investors with capital appreciation through value, arbitrage and special situations investments in Asian markets. Target investments include distressed credit, private equity secondaries, activist investments and other opportunities offering the possibility of unlocking the underlying value of a company or asset.

For more information about PAX, please visit: www.pax-fund.com

Pacific Alliance Asia Opportunity Fund Limited is managed by PAG (formerly known as Pacific Alliance Group), which is one of the region's largest Asia-focussed alternative investment managers, with funds under management across Private Equity, Real Estate and Absolute Return strategies. Founded in 2002, PAG now has a presence across Asia with over 330 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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