AGP.L Regulatory News (AGP)

2 Oct 2007 12:19

Asian Growth Properties Limited02 October 2007 2nd October, 2007 Asian Growth Properties Limited A DIRECTOR'S SHAREHOLDING INTEREST AND Changes of Significant Shareholders'INTERESts and a Director'S Deemed SHAREHOLDING INTEREST The board of directors of Asian Growth Properties Limited (the "Company") (AIMStock Code: AGP), the Hong Kong based China property development and investmentcompany, announces that the Company received notifications of the interests inthe ordinary shares of US$0.05 each in the Company ("Shares") today as follows: A. A Director's Shareholding Interest Mr. David Andrew Runciman, an executive director of the Company, had contractedto acquire 500,000 Shares, which represent approximately 0.06% of the existingissued share capital of the Company, from an independent third party at a priceof 29.5 pence each on 27th September, 2007 and expected that the saidacquisition would be completed on or about 2nd October, 2007; B. Change of Significant Shareholders' Interests (1) S E A Holdings Limited ("SEA") would be beneficially entitled to, inaggregate, 858,516,186 Shares which represent approximately 96.86% of theexisting issued share capital of the Company immediately after the completion ofthe acquisition as mentioned in paragraph (2) below; (2) Manifold Returns Group Limited ("MRG"), a wholly-owned subsidiary of SEA,had contracted to acquire 1,583,348 Shares which represent approximately 0.18%of the existing issued share capital of the Company from an independent thirdparty at a price of 29.5 pence each on 27th September, 2007 and expected thatthe said acquisition would be completed on or about 2nd October, 2007; and (3) 668,653,817, 175,094,641, 7,727,246 and 5,457,134 Shares, which representapproximately 75.44%, 19.75%, 0.87% and 0.62% respectively of the existingissued share capital of the Company and are owned by SEA, are held through SEA'swholly-owned subsidiaries Charm Action Holdings Limited, SEA (AGP) OffshoreLimited, MRG and Harbour Green Holdings Limited respectively. C. Change of a Director's Deemed Shareholding Interest (1) As a result of the change of SEA's shareholding in the Company immediatelyafter the completion of MRC's acquisition abovementioned, Mr. Lu Wing Chi ("Mr.Lu"), an executive director of the Company and persons connected with him willbe deemed to be beneficially interested in 225,225,712 Shares which representapproximately 25.41% of the existing issued share capital of the Company; and (2) Mr. Lu is deemed interested in the said Shares by virtue of (i) his 6.52%direct shareholding interest in JCS Limited ("JCS"), (ii) him being adiscretionary beneficiary of a discretionary trust which owns 26.09% of theissued shares of JCS, and (iii) his 30% direct shareholding interest in Nan LuenInternational Limited ("NLI"). JCS is interested in 63.58% of the issued sharesof NLI which in turn is interested in 51.71% of the issued shares of SEA. For more information: Lu Wing Chi Tel: +852 2828 6363Executive DirectorAsian Growth Properties Limited Richard Gray Tel: +44 207 459 3600Andrew PottsPanmure Gordon & Co(Nominated Advisors) This information is provided by RNS The company news service from the London Stock Exchange