Pacific Alliance China Land Limited Update: Mandatory Share Repurchase (2392A)

TIDMPACL

RNS Number : 2392A

Pacific Alliance China Land Limited

03 June 2016

3 June 2016

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, announces that further to its announcement 1 June 2016 regarding the distribution of US$96 million to shareholders by way of a mandatory share repurchase, the Company has repurchased and cancelled 42,290,746 (approximately 40.7 per cent.) of the Company's ordinary shares leaving a total of 61,596,638 ordinary shares issued and outstanding.

For further information please contact:

 
 MANAGER:                     LEGAL COUNSEL: 
  Patrick Boot, Managing       Jon Lewis, General Counsel 
  Partner                      PAG 
  Pacific Alliance Real        15/F, AIA Central 
  Estate Limited               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           [e-mail] 
  F: (852) 2918 0881 
  [e-mail] 
---------------------------  ---------------------------- 
 BROKER:                      NOMINATED ADVISER: 
  Andrew Davies / Tom Fyson    Philip Secrett 
  / Rob Johnson                Grant Thornton UK LLP 
  Liberum Capital Limited      T: (44) 20 7383 5100 
  T: (44) 20 (0) 20 3100       [e-mail] 
  2000 
  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 300 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

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June 03, 2016 12:57 ET (16:57 GMT)