Pacific Alliance Asia Opp Fd Ld Director Dealing (1688G)
04 June 2013 - 12:29AM
UK Regulatory
TIDMPAX
RNS Number : 1688G
Pacific Alliance Asia Opp Fd Ld
03 June 2013
3 June 2013
Pacific Alliance Asia Opportunity Fund Limited
Director Dealings
Pacific Alliance Asia Opportunity Fund Limited ("PAX" or the
"Company") (AIM: PAX), the closed-end investment company admitted
to trading on AIM, has been notified that Ironsides Partners
Opportunity Master Fund L.P. ("Ironsides Master Fund") has entered
into the following Long Contracts for Difference in respect of
PAX's ordinary shares ("Ordinary Shares"):
1. 420,000 Ordinary Shares at a price of US$1.26 per share on 15
February 2013. The maturity date is 10 February 2014; and
2. 1,000,000 Ordinary Shares at a price of US$1.28 per share on
30 May 2013. The maturity date is 2 June 2023.
The Company has also been notified that on 22 November 2012,
Ironsides Master Fund sold 44,302 of the Company's Ordinary Shares
of US$0.01 each at a price of $1.45 per share as part of the
Company's Tender Offer that closed on 14 November 2012.
The investment manager of Ironsides Partners Master Fund is
Ironsides Partners LLC, the President of which is Mr. Robert Knapp,
a director of the Company.
As a result of these transactions, Mr. Knapp is indirectly
interested in 3,254,307 of the Company's Ordinary Shares which
represents 2.86 per cent. of the Company's total voting rights.
For further information, please contact:
MANAGER: LEGAL COUNSEL:
Chris Gradel, Managing Partner Jon Lewis, General Counsel
Pacific Alliance Investment Management PAG
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
cgradel@pagasia.com jlewis@pagasia.com
---------------------------------------- ----------------------------------
BROKER: NOMINATED ADVISER:
Hiroshi Funaki Philip Secrett
LCF Edmond de Rothschild Securities Grant Thornton Corporate 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
RDSNKNDBQBKDOAK
Pacific Allian. (LSE:PAX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pacific Allian. (LSE:PAX)
Historical Stock Chart
From Jul 2023 to Jul 2024