1 Sep 2014 10:35
Press Release 1 September 2014
All Asia Asset Capital Limited
("All Asia Asset Capital", "AAA" or the "Company")
Completion of Transaction with APU
Further to the announcements made by the Company on 8 July 2014 and 30 July 2014 detailing the entering into of a share purchase agreement by AAA to purchase a further 4.5 per cent. stake in APU, All Asia Asset Capital (AIM: AAA), an investment company focused on investing in the growing markets of the Asia Pacific region, is pleased to announce the signing of the 200 MW Combined Cycle Power Plant Agreement between APU and the Government of Myanmar. APU is a Myanmar and Thailand focused power generation group.
Application for the 11,000,000 Consideration Shares to trading on AIM will be made to the London Stock Exchange and Admission is expected to take place on 5 September 2014. On Admission the Consideration Shares will represent 5.24 per cent. of the enlarged share capital of the Company. The only remaining condition to completion of the Transaction is Admission.
Following Admission, the Company will have 209,861,072 ordinary shares of no par value in issue. Shareholders of the Company may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.
Definitions in this announcement have the same meaning as those in the announcement of 8 July 2014 and 30 July 2014.
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For further information:
All Asia Asset Capital Limited | |
Robert Berkeley, Executive Chairman and Finance Director | |
Dr Sri Hartati Kurniawan, Chief Executive Officer | |
Tel: +44 (0) 207 621 8910 | |
Tel: +852 3756 0124 | |
www.aaacap.com | |
Allenby Capital Limited (Nominated Adviser & Broker) | |
Nick Naylor / Nick Athanas | |
Tel: +44 (0) 203 328 5656 | |
www.allenbycapital.com |
About AAA
AAA is an investment company that has been established as a platform for investors looking to access growing markets in the Asia Pacific region. The Company invests in a portfolio of companies with at least the majority of their operations (or early stage companies that intend to have at least the majority of their operations) in the Asia Pacific region in industries with high growth potential including, but not limited to: agriculture, forestry and plantations, mining, natural resources, property and/or technology. AAA is publicly quoted and its shares are traded on the AIM Market, which is operated by the London Stock Exchange.