Pacific Alliance Asia Opp Fd Ld Share Dealings and Director's Dealings (0500G)
31 May 2013 - 11:42PM
UK Regulatory
TIDMPAX
RNS Number : 0500G
Pacific Alliance Asia Opp Fd Ld
31 May 2013
31 May 2013
Pacific Alliance Asia Opportunity Fund Limited
Share Dealings and Director's Dealings
Pacific Alliance Asia Opportunity Fund Limited ("PAX" or the
"Company") (AIM: PAX), the closed-end investment company admitted
to trading on AIM, announces the following dealings in the
Company.
The Company has been informed that on 30 May 2013, PAIM Trading
Limited, a wholly-owned subsidiary of Pacific Alliance Investment
Management Limited ("PAIM"), the Company's investment manager,
transferred a total of 2,709,389 of the Company's ordinary shares
of US$0.01 each (the "Ordinary Shares") to Mr. Christopher Gradel,
a director of the Company.
As a result of the transaction, Mr. Gradel has a direct interest
in 8,176,686 of the Company's Ordinary Shares, representing 7.19
per cent. of the Company's voting rights, and PAIM and its
affiliates are interested in 10,721,203 of the Company's Ordinary
Shares which represents 9.43 per cent. of the Company's total
voting rights.
As a result of PAIM's interest in the Company, both Mr. Gradel
and Mr. Anthony Miller, directors of the Company, have an indirect
interest in 10,721,203 of the Company's Ordinary Shares,
representing 9.43 per cent. of the Company's voting rights held by
PAIM and its affiliates.
For further information, please contact:
MANAGER: LEGAL COUNSEL:
Chris Gradel, Managing Jon Lewis, General Counsel
Partner PAG
Pacific Alliance Investment 15/F, AIA Central
Management 1 Connaught Road
15/F, AIA Central Central, Hong Kong
1 Connaught Road T: (852) 2918 0088
Central, Hong Kong F: (852) 2918 0881
T: (852) 2918 0088 jlewis@pagasia.com
F: (852) 2918 0881
cgradel@pagasia.com
----------------------------- ----------------------------
BROKER: NOMINATED ADVISER:
Hiroshi Funaki Philip Secrett
LCF Edmond de Rothschild Grant Thornton Corporate
Securities Finance
T: (44) 20 7845 5960 T: (44) 20 7383 5100
F: (44) 20 7845 5961 Philip.J.Secrett@uk.gt.com
funds@lcfr.co.uk
----------------------------- ----------------------------
MEDIA RELATIONS:
Stephanie Barry
PAG
T: (852) 3719 3375
sbarry@pagasia.com
----------------------------- ----------------------------
About Pacific Alliance Asia Opportunity Fund Limited
The Pacific Alliance Asia Opportunity Fund Ltd (AIM: PAX) is a
closed-end investment company with net assets of US$171.76 million
as at 30 April 2013. PAX was admitted to trading on the AIM Market
of the London Stock Exchange in September 2006. PAX is focused on
investing in distressed credit, private equity secondaries,
activist investments and other opportunities offering the
possibility of unlocking the underlying value of a company or asset
across the Asian markets.
For more information about Pacific Alliance Asia Opportunity
Fund Limited, please visit: www.pax-fund.com
Pacific Alliance Asia Opportunity Fund 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 320 staff working in
the region.
For more information about PAG, please visit:
www.pagasia.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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