Pacific Alliance Asia Opp Fd Ld Results of Share Purchase (7413D)
02 Febrero 2015 - 3:13AM
UK Regulatory
TIDMPAX
RNS Number : 7413D
Pacific Alliance Asia Opp Fd Ld
02 February 2015
2 February 2015
Pacific Alliance Asia Opportunity Fund Limited
Results of Share Purchase
Pacific Alliance Asia Opportunity Fund Limited ("PAX" or the
"Company") (AIM: PAX), the closed-end investment company admitted
to trading on AIM and listed feeder for Pacific Alliance Asia
Opportunity Fund L.P. (the "Master Fund"), announces the results of
the Share Purchase that closed on 30 January.
The Master Fund Share Purchase budget of USD 29,494,625 included
the unused USD 14,494,625 carried over from the 24 October 2014
Share Purchase.
The Company's broker Edmond de Rothschild Securities (UK)
Limited ("Rothschild") received orders to sell 33,113,507 shares at
the Purchase Price of USD$1.64. As a result, sell orders were
scaled back approximately 45% on a pro-rata basis and the Master
Fund purchased 17,984,527 shares at a price of USD$1.64 per
share.
The Master Fund now has an interest in 44,021,083 shares in the
Company, representing 46.6% of the shares in issue.
For further information please contact:
BROKER: NOMINATED ADVISER:
Andrew Davies / Hiroshi Philip Secrett
Funaki Grant Thornton UK LLP
Edmond de Rothschild Securities T: (44) 20 7383 5100
T: (44) 20 7845 5960 Philip.J.Secrett@uk.gt.com
funds@lcfr.co.uk
INVESTMENT MANAGER: MEDIA RELATIONS:
Pacific Alliance Investment Stephanie Barry
Management Limited PAG
T: (852) 2918 0088 T: (852) 3719 3375
pax@pagasia.com sbarry@pagasia.com
About Pacific Alliance Asia Opportunity Fund Limited
Pacific Alliance Asia Opportunity Fund Limited (AIM: PAX) serves
as a feeder fund for Pacific Alliance Asia Opportunity Fund L.P.
(the "Master Fund"), a Cayman Islands exempted limited partnership.
PAX was admitted to trading on the AIM Market of the London Stock
Exchange in September 2006.
The principal investment objective of both PAX and the Master
Fund is to provide their respective investors with capital
appreciation through value, arbitrage and special situations
investments in Asian markets. Target investments include distressed
credit, private equity secondaries, activist investments and other
opportunities offering the possibility of unlocking the underlying
value of a company or asset.
For more information about PAX, please visit:
www.pax-fund.com
Pacific Alliance Asia Opportunity Fund Limited is managed by PAG
(formerly known as Pacific Alliance Group), which is one of the
region's largest Asia-focussed alternative investment managers,
with funds under management across Private Equity, Real Estate and
Absolute Return strategies. Founded in 2002, PAG now has a presence
across Asia with over 330 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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