Pacific Alliance China Land Limited Update: Mandatory Share Repurchase (2465S)
22 June 2018 - 7:16PM
UK Regulatory
TIDMPACL
RNS Number : 2465S
Pacific Alliance China Land Limited
22 June 2018
22 June 2018
Pacific Alliance China Land Limited
Update: Mandatory Share Repurchase
Pacific Alliance China Land Limited ("PACL" or the "Company"),
(AIM: PACL), the closed-end investment company admitted to trading
on AIM, today announces that further to its announcement of 14 June
2018 regarding the distribution of US$78 million to shareholders by
way of a mandatory share repurchase, the Company has repurchased
and cancelled 27,272,727 (approximately 53.7%) of the Company's
ordinary shares leaving a total of 23,486,409 ordinary shares
issued and outstanding.
For further information please contact:
MANAGER: LEGAL COUNSEL:
Patrick Boot Jon Lewis
Pacific Alliance Real PAG
Estate Limited 15/F, AIA Central
15/F, AIA Central 1 Connaught Road
1 Connaught Road Central, Hong Kong
Central, Hong Kong T: (852) 2918 0088
T: (852) 2918 0088 F: (852) 2918 0881
F: (852) 2918 0881 jlewis@pagasia.com
pboot@pagasia.com
------------------------- ----------------------------
BROKER: NOMINATED ADVISER:
Henry Freeman Philip Secrett
Liberum Capital Limited Grant Thornton UK LLP
T: (44) 20 (0) 20 3100 T: (44) 20 7383 5100
2000 Philip.J.Secrett@uk.gt.com
www.liberum.com
------------------------- ----------------------------
About Pacific Alliance China Land Limited
Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a
closed-end investment company 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 350 staff working in the region.
For more information about PAG, please visit:
www.pagasia.com
This information is provided by RNS, the news service of the
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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