Asian Growth Properties Limited Director/PDMR Shareholding (9253G)

TIDMAGP

RNS Number : 9253G

Asian Growth Properties Limited

25 November 2015

25 November 2015

ASIAN GROWTH PROPERTIES LIMITED

Disclosure of the Directors' Deemed Shareholding Interests

The board of directors of Asian Growth Properties Limited (the "Company") (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, announces that the Company has today received notifications from the following executive directors of the Company reporting their respective deemed interests in the ordinary shares of US$0.05 each in the Company (the "Shares") as follows:

I. S E A Holdings Limited ("SEA") is beneficially entitled to about 97.17% of the existing issued share capital of the Company. SEA has changed its issued share capital as a result of the issue of new SEA shares to option holders who had exercised their subscription rights during the period up to 20 November 2015.

II. Messrs. Lincoln Lu and Lambert Lu, executive directors of the Company, exercised their subscription rights to subscribe for 4,460,000 and 2,230,000 SEA shares respectively on 20 November 2015.

III. NLI has a direct shareholding interest of 58.98% of the issued share capital of SEA. NLI is also interested in 100% of the issued share capital in two companies which in turn are interested in a total of 5.23% of the issued share capital of SEA. Thus, NLI is deemed to have a total shareholding interest of 64.21% in the issued share capital of SEA after the aforesaid events.

   IV.    JCS Limited ("JCS") has a direct interest of 63.58% in the issued share capital of NLI. 

V. NYH Limited ("NYH") is interested in 25% of the issued share capital in each of two companies which in turn are interested in a total of 1.22% of the issued share capital of SEA.

Immediately after the aforesaid events, the respective deemed interests in the Shares of the following directors of the Company as at 23 November 2015 are as follows:

(1) Mr. Lu Wing Chi, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 352,420,666 Shares, representing approximately 39.76% of the existing issued share capital of the Company, by virtue of his following interests:

   (i)      1.35% direct shareholding interest in SEA; 
   (ii)      30% direct shareholding interest in NLI; 
   (iii)     49% direct shareholding interest in JCS; and 
   (iv)     100% direct shareholding interest in NYH. 

(2) Mr. Lincoln Lu, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 128,330,549 Shares, representing approximately 14.48% of the existing issued share capital of the Company, by virtue of his following interests:

   (i)        2.43% direct shareholding interest in SEA; 
   (ii)       3.21% direct shareholding interest in NLI; and 
   (iii)      25.5% direct shareholding interest in JCS. 

(3) Mr. Lambert Lu, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 127,727,654 Shares, representing approximately 14.41% of the existing issued share capital of the Company, by virtue of his following interests:

   (i)        2.36% direct shareholding interest in SEA; 
   (ii)       3.21% direct shareholding interest in NLI; and 
   (iii)       25.5% direct shareholding interest in JCS. 

For more information, please contact:

Lu Wing Chi Tel: [phone]

Executive Director

Asian Growth Properties Limited

Richard Gray Tel: [phone]

Andrew Potts

Panmure Gordon (UK) Limited

(Nominated Advisor)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 25, 2015 05:47 ET (10:47 GMT)