Pacific Alliance China Land Limited Results of EGM and Cancellation (6609M)

TIDMPACL

RNS Number : 6609M

Pacific Alliance China Land Limited

12 May 2020

12 May 2020

Pacific Alliance China Land Limited

Results of EGM and Cancellation

Pacific Alliance China Land Limited ("PACL" or the "Company") (AIM: PACL), announces the results of the Extraordinary General Meeting of Shareholders ("EGM") held earlier today.

Shareholders have voted unanimously to approve the proposals put forward by the Board to cancel the admission of its Ordinary Shares to trading on AIM (the "De-Listing"), and to voluntarily liquidate the Company. All as detailed in the Company's circular published on 9 April 2020.

All resolutions were passed unanimously and the results were as follows:

 
 Resolution               In Favour      Against      Withheld 
                        Votes     %*    Votes   %*   Votes    % 
                       --------  ----  ------  ---  ------- 
 
 Special Resolution 
  1                     755,839   100   0       0    0        0 
                       --------  ----  ------  ---  ------- 
 Special Resolution 
  2                     755,839   100   0       0    0        0 
                       --------  ----  ------  ---  ------- 
 Special Resolution 
  3                     755,839   100   0       0    0        0 
                       --------  ----  ------  ---  ------- 
 Ordinary Resolution 
  4                     755,839   100   0       0    0        0 
                       --------  ----  ------  ---  ------- 
 Ordinary Resolution 
  5                     755,839   100   0       0    0        0 
                       --------  ----  ------  ---  ------- 
 Ordinary Resolution 
  6                     755,839   100   0       0    0        0 
                       --------  ----  ------  ---  ------- 
 Ordinary Resolution 
  7                     755,839   100   0       0    0        0 
                       --------  ----  ------  ---  ------- 
 

*Percentage of votes cast excludes Withheld votes

Trading in the Company's shares on AIM was suspended with effect from 7.30 a.m. today. The admission to trading of the Company's shares on AIM is expected to be cancelled at the Company's request with effect from 7.00 a.m. on 13 May 2020.

For further information please contact:

 
 MANAGER:                        LEGAL COUNSEL: 
  Patrick Boot                    Jon Lewis 
  Pacific Alliance Real Estate    PAG 
  Limited                         15/F, AIA Central 
  15/F, AIA Central               1 Connaught Road 
  1 Connaught Road                Central, Hong Kong 
  Central, Hong Kong              T: (852) 2918 0088 
  T: (852) 2918 0088              F: (852) 2918 0881 
  F: (852) 2918 0881              [e-mail] 
  [e-mail] 
 BROKER:                         NOMINATED ADVISER: 
  Henry Freeman                   Philip Secrett 
  Liberum Capital Limited         Grant Thornton UK LLP 
  T: (44) 20 (0) 20 3100 2000     T: (44) 20 7383 5100 
  www.liberum.com                 [e-mail] 
                                ---------------------------- 
 

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 400 staff working in the region.

For more information about PAG, please visit: www.pag.com

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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May 12, 2020 07:04 ET (11:04 GMT)