18 Jul 2014 14:55
18 July 2014
Pacific Alliance China Land Limited
Share Dealings
Pacific Alliance China Land Limited ("PACL" or the "Company") (AIM: PACL), the closed-end investment company admitted to trading on AIM, announces the following dealings in the Company.
The Company has been informed on 17 July 2014, Pacific Alliance Real Estate Limited ("PARE"), the Company's investment manager and its affiliates, transferred a total of 113,050 of the Company's ordinary shares, US$0.01 each ("Ordinary Shares") to its staff.
Following this transaction, PARE and its affiliates are interested in 4,060,058 of the Company's Ordinary Shares which represents 3.11 per cent. of the Company's total voting rights.
As a result of PARE's interest in the Company, Mr. Horst Geicke, a director of the Company, is directly interested in 1,817,400 of the Company's Ordinary Shares representing 1.39 per cent. of the Company's total voting rights, and he has an indirect interest in 4,060,058 of the Company's Ordinary Shares, representing 3.11 per cent. of the Company's total voting rights held by PARE and its affiliates.
In addition, Mr. Jon-Paul Toppino, a director of the Company, and director, President & Chief Investment Officer of PARE, has an indirect interest in 4,060,058 of the Company's Ordinary Shares, representing 3.11 per cent. of the Company's total voting rights held by PARE and its affiliates.
For further information, please contact:
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 |
BROKER: Hiroshi Funaki Edmond de Rothschild Securities T: (44) 20 7845 5960 F: (44) 20 7845 5961 funds@lcfr.co.uk
| NOMINATED ADVISER: Philip Secrett Grant Thornton Corporate Finance T: (44) 20 7383 5100 Philip.J.Secrett@uk.gt.com |
MEDIA RELATIONS: Stephanie Barry PAG T: (852) 3719 3375 sbarry@pagasia.com
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About Pacific Alliance China Land Limited
Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a closed-end investment company with net assets of US$295.63 millionas 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 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 340 staff working in the region.
For more information about PAG, please visit: www.pagasia.com
PACL.L (PACL)