Asian Growth Properties Limited Director/PDMR Shareholding (3136B)
06 January 2015 - 2:08AM
UK Regulatory
TIDMAGP
RNS Number : 3136B
Asian Growth Properties Limited
05 January 2015
5 January 2015
ASIAN GROWTH PROPERTIES LIMITED
Disclosure of the Directors' Deemed Shareholding Interests
The board of directors of Asian Growth Properties Limited (the
"Company") (AIM Stock Code: AGP), the Hong Kong based China
property development and investment company, announces that the
Company has today received notifications from the directors of the
Company reporting the change of their deemed interests in the
ordinary shares of US$0.05 each of the Company (the "Shares").
S E A Holdings Limited ("SEA") is the holding company of the
Company and is interested in about 97.17% of the issued share
capital of the Company. The following companies/directors have
direct/indirect interests in the issued share capital of SEA:
I. Admiralty Pacific Limited ("Admiralty") and Wetherby
International Limited ("Wetherby") have direct shareholding
interests of 2.48% and 2.66% respectively in the issued share
capital of SEA as at 30 December 2014.
II. Nan Luen International Limited ("NLI") has direct
shareholding interest of 59.73% in the issued share capital of SEA
and NIL has acquired the entire issued share capital of Admiralty
and Wetherby on 30 December 2014 (the "Acquisition I"). Thus, NLI
is deemed to have a total shareholding interest of 64.87% in the
issued share capital of SEA after the Acquisition I.
III. JCS Limited ("JCS") has direct shareholding interest of
63.58% in the issued share capital of NLI.
IV. On 30 December 2014, Messrs. Lu Wing Chi, Lincoln Lu and
Lambert Lu, the executive directors of the Company, have acquired
additional shares in JCS (the "Acquisition II"). After the
Acquisition II, the direct shareholding interests of Messrs. Lu
Wing Chi, Lincoln Lu and Lambert Lu in JCS are 49%, 25.5% and 25.5%
respectively.
V. NYH Limited ("NYH") is interested in 25% of the issued share
capital in each of the two companies which in turn are interested
in a total of 3.29% of the issued share capital of SEA.
VI. On 2 January 2015, Mr. Lam Sing Tai, the non-executive
director of the Company, has disposed 676,000 shares of SEA.
After the aforesaid events, the respective deemed interests in
the Shares of Company of the following directors as at 2 January
2015 are as follows:
(1) Mr. Lu Wing Chi, executive director of the Company, is
deemed to have an indirect beneficial shareholding interest in
363,939,409 Shares, representing approximately 41.06% of the
existing issued share capital of the Company, by virtue of his
following interests:
(i) 1.76% direct shareholding interest in SEA;
(ii) 30% direct shareholding interest in NLI;
(iii) 49% direct shareholding interest in JCS; and
(iv) 100% direct shareholding interest in NYH.
(2) Mr. Lincoln Lu, executive director of the Company, is deemed
to have an indirect beneficial shareholding interest in 123,509,110
Shares, representing approximately 13.93% of the existing issued
share capital of the Company, by virtue of his following
interests:
(i) 1.74% direct shareholding interest in SEA;
(ii) 3.21% direct shareholding interest in NLI; and
(iii) 25.5% direct shareholding interest in JCS.
(3) Mr. Lambert Lu, executive director of the Company, is deemed
to have an indirect beneficial shareholding interest in 125,748,435
Shares, representing approximately 14.19% of the existing issued
share capital of the Company, by virtue of his following
interests:
(i) 2% direct shareholding interest in SEA;
(ii) 3.21% direct shareholding interest in NLI; and
(iii) 25.5% direct shareholding interest in JCS.
(4) Mr. Lam Sing Tai, non-executive director of the Company, is
deemed to have an indirect beneficial shareholding interest in
2,659,878 Shares, representing approximately 0.3% of the existing
issued share capital of the Company, through his 0.31% direct
shareholding interest in SEA.
For more information, please contact:
Lu Wing Chi Tel: +852 2828 6363
Executive Director
Asian Growth Properties Limited
Richard Gray Tel: +44 207 886 2500
Andrew Potts
Panmure Gordon (UK) Limited
(Nominated Advisor)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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