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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Asian Growth Properties | LSE:AGP | London | Ordinary Share | BMG054131021 | COM SHS USD0.05 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.05 | 0.10 | 2.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAGP
RNS Number : 2618L
Asian Growth Properties Limited
08 January 2016
8 January 2016
ASIAN GROWTH PROPERTIES LIMITED
Disclosure of 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 and non-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 cancellation of repurchased SEA shares and the issue of new SEA shares to option holders who had exercised their subscription rights during the period up to 7 January 2016.
II. On 23 December 2015, Mr. Lam Sing Tai (non-executive director of the Company) disposed of 2,538,000 SEA shares.
III. On 4 January 2016, Mr. David Andrew Runciman (executive director of the Company) disposed of 200,000 SEA shares.
IV. Up to 7 January 2016, Mr. Lambert Lu (executive director of the Company) acquired a total of 500,000 SEA shares.
V. Up to 7 January 2016, Nan Luen International Limited ("NLI") acquired a total of 2,190,000 SEA shares (the "Acquisition").
VI. Immediately after the Acquisition, NLI has a direct shareholding interest of 59.35% 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 64.58% in the issued share capital of SEA after the aforesaid events.
VII. JCS Limited ("JCS") has a direct interest of 63.58% in the issued share capital of NLI.
VIII. NYH Limited ("NYH"), a company 100% owned by Mr. Lu Wing Chi (executive director of the Company), has a direct shareholding interest of 0.304% of the issued share capital of SEA. Mr. Lu Wing Chi is deemed to be interested in 0.304% interest in SEA by virtue of his 100% interest in NYH.
Immediately after the aforesaid events, the respective deemed interests in the Shares of the following directors of the Company as at 7 January 2016 be as follows:
1. Mr. Lu Wing Chi, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 356,919,126 Shares, representing approximately 40.27% of the existing issued share capital of the Company, by virtue of his following interests:
(i) 1.64% 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 131,554,316 Shares, representing approximately 14.84% of the existing issued share capital of the Company, by virtue of his following interests:
(i) 2.73% 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 131,554,316 Shares, representing approximately 14.84% of the existing issued share capital of the Company, by virtue of his following interests:
(i) 2.73% direct shareholding interest in SEA; (ii) 3.21% direct shareholding interest in NLI; and (iii) 25.5% direct shareholding interest in JCS.
4. Mr. David Andrew Runciman, executive director of the Company, has beneficial shareholding interest in 520,000 Shares, representing approximately 0.06% of the existing issued share capital of the Company.
5. Mr. Lam Sing Tai, non-executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 4,856,620 Shares, representing approximately 0.55% of the existing issued share capital of the Company, through his 0.56% direct shareholding interest in SEA.
For more information, please contact:
Lu Wing Chi Tel: +852 2828 6363
Executive Director
Asian Growth Properties Limited
Richard Gray Tel: +44 207 886 2500
Andrew Potts
Panmure Gordon (UK) Limited
(Nominated Advisor)
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSLIFVTLIITIIR
(END) Dow Jones Newswires
January 08, 2016 03:33 ET (08:33 GMT)
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