25 Jul 2014 11:55
25 July 2014
Pacific Alliance China Land Limited (AIM: PACL)
Results of EGM
Pacific Alliance China Land Limited ("PACL" or the "Company"), announces the result of the Extraordinary General Meeting of Shareholders ("EGM") held today on 25 July 2014.
Shareholders have voted unanimously to approve the recommendations put forward by the Board to amend the Company's investment policy and amend the Company's articles of association to facilitate the return of capital as the Company's portfolio is realised. All as detailed in the circular published on 24 June 2014.
All resolutions were passed unanimously and the Board was pleased to note that some 64.7% of the Company's shares outstanding voted at the EGM.
Resolution | In Favour | Against | Withheld | ||
Votes | %* | Votes | %* | Votes | |
Ordinary Resolution 1
|
84,380,844 |
100% |
0 |
0% |
0 |
Special Resolution 2
|
84,380,844 |
100% |
0 |
0% |
0 |
Special Resolution 3
|
84,380,844 |
100% |
0 |
0% |
0 |
* Percentage of votes cast excludes Withheld votes.
Enquiries:
MANAGER: Patrick Boot, Managing Partner Pacific Alliance Real Estate Limited 15/F, AIA Central 1 Connaught Road Central, Hong Kong T: (852) 2918 0088 F: (852) 2918 0881 pboot@pagasia.com
| LEGAL COUNSEL: Jon Lewis, General Counsel PAG 15/F, AIA Central 1 Connaught Road Central, Hong Kong T: (852) 2918 0088 F: (852) 2918 0881 jlewis@pagasia.com |
FINANCIAL ADVISER AND BROKER: William Marle Hiroshi Funaki John Armstrong-Denby Edmond de Rothschild Securities T: (44) 20 7845 5960 F: (44) 20 7845 5961 funds@lcfr.co.uk
| NOMINATED ADVISER: Philip Secrett Grant Thornton UK LLP T: (44) 20 7383 5100 Philip.J.Secrett@uk.gt.com |
MEDIA RELATIONS: Stephanie Barry PAG T: (852) 3719 3375 sbarry@pagasia.com
|
About Pacific Alliance China Land:
Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a closed-end investment company with net assets of US$296 million as at 30 June 2014. PACL was admitted to trading on the AIM Market of the London Stock Exchange in November 2007. PACL is focused on investing in a portfolio of existing properties, new developments, distressed projects and real estate companies in Greater China.
For more information about PACL, please visit: www.pacl-fund.com
Pacific Alliance China Land Limited is managed by a member of PAG (formerly known as Pacific Alliance Group), the Asian alternative investment fund management group. Founded in 2002, PAG is now one of the region's largest Asia-focused alternative investment managers, with funds under management across Private Equity, Real Estate and Absolute Return strategies. PAG has a presence across Asia with over 300 staff working in the region.
For more information about PAG, please visit: www.pagasia.com
PACL.L (PACL)