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Pin to quick picksMacau Property Regulatory News (MPO)

Share Price Information for Macau Property (MPO)

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Macau Property Opportunities is an Investment Trust

To deliver cost-effective and timely divestments of remaining properties, and to deliver further returns of capital to shareholders.

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Cancellation of Share Buy-Back Programme

26 Sep 2012 07:00

RNS Number : 1268N
Macau Property Opportunities Fund
26 September 2012
 



NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

 

 

26 September 2012

 

 

MACAU PROPERTY OPPORTUNITIES FUND LIMITED

 

CANCELLATION OF SHARE BUY-BACK PROGRAMME

 

On 25 July 2012, MPO announced the launch of a formal ordinary share buy-back programme (the "Programme"). Under the terms of the Programme, Liberum Capital Limited was appointed to make market purchases of ordinary shares on behalf of the Company whilst the Company was in a close period prior to the release of its annual results.

 

The release of the Company's annual results on 24 September 2012 ends the need for a close period programme but the Company will continue to buy back shares at attractive levels of discount of share price to net asset value.

 

--Ends--

 

 

About Macau Property Opportunities Fund

 

Macau Property Opportunities Fund Limited is a closed-end investment fund registered in Guernsey and listed on the London Stock Exchange Main Market.

 

Launched in 2006, the Company seeks to deliver long-term returns from the investment in and development of high quality properties located in Macau and the western region of China's Pearl River Delta. Its current $375 million portfolio comprises a mix of strategically-positioned residential, retail and warehousing property assets.

 

The Fund is managed by Sniper Capital, an Asian-based property investment manager that provides highly focused Fund Management and Advisory Services.

 

 

For further information:

Company Registration Number 44813

Website: www.mpofund.com 

 

Public Relations

MHP Communications

Simon Hockridge / Andrew Jaques

Tel: +44 (0)20 3128 8100

Email: Simon.Hockridge@mhpc.com / Andrew.Jaques@mhpc.com

 

Manager (Investor Contact)

Sniper Capital

Faye Chiam

Tel: +65 6222 1440

Email: info@snipercapital.com

Website: www.snipercapital.com

 

Corporate Broker

Liberum Capital

Chris Bowman / Richard Bootle

Tel: +44 20 3100 2228

Company Secretary & Administrator

Heritage International Fund Managers

Mark Huntley

Tel: +44 14 8171 6000

 

Stock Codes:

Bloomberg: MPO LN

Reuters: MPO.L

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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