Pacific Alliance Asia Opp Fd Ld Director Dealing (3522V)
October 27 2014 - 6:24AM
UK Regulatory
TIDMPAX
RNS Number : 3522V
Pacific Alliance Asia Opp Fd Ld
27 October 2014
27 October 2014
Pacific Alliance Asia Opportunity Fund Limited
Director's Dealings Notification
Pacific Alliance Asia Opportunity Fund Limited ("PAX" or the
"Company") (AIM: PAX), the closed-end investment company admitted
to trading on AIM, has been notified that Ironsides Partners
Opportunity Master Fund L.P. ("Ironsides Master Fund") sold
2,663,663 of the Company's ordinary shares at an average price of
US$1.555 per share on 23 October 2014.
The investment manager of Ironsides Master Fund is Ironsides
Partners LLC, the President of which is Mr. Robert Knapp, a
director of the Company.
As a result of the transaction, Ironsides Master Fund does not
hold any of the Company's shares.
For further information please contact:
INVESTMENT MANAGER: NOMINATED ADVISER:
Pacific Alliance Philip Secrett
Investment Management Grant Thornton UK
Limited LLP
T: (852) 2918 0088 T: (44) 20 7383 5100
pax@pagasia.com Philip.J.Secrett@uk.gt.com
----------------------- ----------------------------
BROKER: MEDIA RELATIONS:
Hiroshi Funaki Stephanie Barry
Edmond de Rothschild PAG
Securities T: (852) 3719 3375
T: (44) 20 7845 5960 sbarry@pagasia.com/
funds@lcfr.co.uk
----------------------- ----------------------------
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 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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