Pacific Alliance China Land Limited Results of EGM and Cancellation (6609M)
May 12 2020 - 6:04AM
UK Regulatory
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 jlewis@pag.com
pboot@pag.com
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 Philip.J.Secrett@uk.gt.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 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 rns@lseg.com or visit www.rns.com.
END
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