Aseana Properties Limited Quarterly Investor Update and Total Voting Rights (9134X)

TIDMASPL

RNS Number : 9134X

Aseana Properties Limited

28 February 2017

28 February 2017

Aseana Properties Limited

("Aseana")

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange, has issued its Quarterly Investor Update for the three month period to 31 December 2016, a copy of which can be obtained from Aseana's website at: http://www.aseanaproperties.com/quarterly.htm.

Highlights:

-- The Company announced that at the Extraordinary General Meeting held on 4 January 2017, Shareholders supported the Board's recommendation to vote in favour of the Tender Offer Resolution to approve the Tender Offer and subsequent buyback of the tendered shares.

-- The tender was fully taken up with a total of 13,334,000 Shares validly tendered by at the Tender Price of $0.75 per share for a total cost of US$10,000,500 (before expenses). The tendered shares represent approximately 6.29% of the Company's share capital and are now held in treasury.

   --      SENI Mont' Kiara ("SENI") achieved approximately 98% sales to date. 

-- The RuMa Hotel and Residences ("The RuMa") achieved approximately 55% sales based on sale and purchase agreements signed.

   --      The Harbour Mall Sandakan ("HMS") is approximately 67% tenanted. 

-- Four Points by Sheraton Sandakan Hotel ("FPSS") recorded an average occupancy rate of approximately 39% for the year ended 31 December 2016.

Total Voting Rights - Correction

The Company notes there was a minor discrepancy in the total voting rights of the Company announced on 5 January 2017. For the purposes of the Disclosure Guidance and Transparency Rules, the Company's total issued share capital comprises 212,025,000 Shares of US$0.05 each, with one voting right per Ordinary Share and 2 Management Shares of US$0.05 each, with one voting right per Management Share. There are 13,334,000 Shares held in treasury. The total number of voting rights in the Company is therefore 198,691,002.

The above figure of 198,691,002 Shares may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules.

For further information:

 
 Aseana Properties Limited               Tel: [phone] 
 Chan Chee Kian                          Email: [e-mail] 
 
 N+1 Singer                              Tel: [phone] 
 James Maxwell / Liz Yong (Corporate 
 Finance) 
 Sam Greatrex (Sales) 
 
 Tavistock Communications                Tel: [phone] 
 Jeremy Carey / James Verstringhe        Email: [e-mail] 
 
 
 

Notes to Editors:

London-listed Aseana Properties Limited (LSE: ASPL) is a property developer investing in Malaysia and Vietnam.

Ireka Development Management Sdn Bhd ("IDM") is the exclusive Development Manager for Aseana. It is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has over 50 years of experience in construction and property development. IDM is responsible for the day-to-day management of Aseana's property portfolio and the introduction and facilitation of new investment opportunities.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 28, 2017 02:00 ET (07:00 GMT)