PACIFIC ALLIAN. ORD USD0.01 23 September 2014
Pacific Alliance Asia Opportunity Fund Limited Director Dealing Pacific Alliance Asia Opportunity Fund Limited ("PAX" or the "Company") (AIM: PAX), the closed-end investment company admitted to trading on AIM, today announces the following dealings in the Company.
The Company has been informed that, as part of the Tender Offer that closed on Thursday, 28
August 2014 and settled on Friday, 5 September 2014:
Mr. Chris Gradel tendered a total of 8,656,512 ordinary shares, of which 519,390 ordinary shares were tendered as his Basic Entitlement and 8,137,122 ordinary shares were tendered as Excess Shares, of which 9,194 Excess Shares were accepted, such that a total of 529,304 ordinary shares were accepted for repurchase by PAX Share Trading Limited, at the tender
price of US$1.66 per share.
As a result of these transactions, Mr. Gradel is directly interested in 8,127,208 of the Company's ordinary shares representing 8.61 per cent. of the Company's total voting rights, and indirectly interested, in 8,626,563 of the Company's ordinary shares, representing 9.14 per cent. of the Company's voting rights held by Pacific Alliance Investment Management Limited, the Company's investment manager and its affiliates and, indirectly interested in, 25,711,556 of the Company's ordinary shares representing 27.23 per cent. of the Company's total voting rights held by Pacific Alliance Asia Opportunity Fund L.P.
For more information, please contact:
MANAGER: Chris Gradel, Managing Partner Pacific Alliance Investment Management 15/F, AIA Central 1 Connaught Road Central, Hong Kong T: (852) 2918 0088 F: (852) 2918 0881 cgradel@pagasia.com | LEGAL COUNSEL: Jon Lewis, General Counsel PAG 15/F, AIA Central 1 Connaught Road Central, Hong Kong T: (852) 2918 0088 F: (852) 2918 0881 jlewis@pagasia.com |
BROKER: Hiroshi Funaki Edmond de Rothschild Securities T: (44) 20 7845 5960 F: (44) 20 7845 5961 funds@lcfr.co.uk | NOMINATED ADVISER: Philip Secrett Grant Thornton UK LLP T: (44) 20 7383 5100 Philip.J.Secrett@uk.gt.com |
MEDIA RELATIONS: Stephanie Barry PAG T: (852) 3719 3375 sbarry@pagasia.com |
Pacific Alliance Asia Opportunity Fund Limited (AIM: PAX) is a closed-end investment company with net assets of US$158.6 million as at 31 August 2014. PAX was admitted to trading on the AIM Market of the London Stock Exchange in September 2006 and is a feeder fund for Pacific Alliance Asia Opportunity Fund L.P. (the "Master Fund"). The Master Fund's investment objective is to generate superior risk adjusted returns through investing in the most attractive opportunities in the Asian markets. The Master Fund is opportunistic and dynamic with respect to the strategies it employs and invests across the capital structure in search of the best risk adjusted returns. It pursues distressed credit, special situations, arbitrage and origination strategies, concentrating on mispricings rather than directional exposure.
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 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 300 staff working in the region.
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