PACIFIC ALLIAN. ORD USD0.01 
By 2 January 2014
Pacific Alliance Asia Opportunity Fund Limited Director Dealing Pacific Alliance Asia Opportunity Fund Limited ("PAX" or the "Company") (AIM: PAX), the closed-end investment company admitted to trading on AIM, today announces the following director dealings.
The Company has been informed that, as part of the Tender Offer that closed on Wednesday,
11 December 2013 and settled on Thursday, 19 December 2013:
Mr. Anthony Miller, a director of the Company, tendered a total of 1,162,354 ordinary shares, of which 69,740 ordinary shares were tendered as his Basic Entitlement and 1,092,614 ordinary shares were tendered as Excess Shares, of which 3,267 Excess Shares were accepted, such that a total of 73,007 ordinary shares were accepted for repurchase by the Company's wholly- owned subsidiary, PAX Share Trading Limited, at the tender price of US$1.57 per share.
Pacific Alliance Investment Management Limited ("PAIM"), the Company's investment manager and its affiliates tendered a total of 9,812,636 ordinary shares, of which 591,324 ordinary shares were tendered as its Basic Entitlement and 9,221,312 ordinary shares were tendered as Excess Shares, of which 27,704 Excess Shares were accepted, such that a total of 619,028 ordinary shares were accepted for repurchase by the Company's wholly-owned subsidiary, PAX Share Trading Limited, at the tender price of US$1.57 per share.
As a result of these transactions, Mr. Miller is directly interested in 1,089,347 of the Company's ordinary shares representing 1.08 per cent. of the Company's total voting rights, and each indirectly interested in 9,193,608 of the Company's Ordinary Shares, representing 9.15 per cent. of the Company's voting rights held by PAIM and its affiliates.
Ironsides Partners Opportunity Master Fund L.P., the investment manager of which is Ironsides Partners LLC, of which a director of the Company, Mr. Robert Knapp is a director and controlling shareholder, tendered a total of 3,029,340 ordinary shares, of which 181,760 ordinary shares were tendered as its Basic Entitlement and 2,847,580 ordinary shares were tendered as Excess Shares, of which 8,534 Excess Shares were accepted, such that a total of
190,294 ordinary shares were accepted for repurchase by the Company's wholly-owned subsidiary, PAX Share Trading Limited, at the tender price of US$1.57 per share.
As a result of these transactions, Mr. Knapp is indirectly interested in 2,839,046 of the
Company's Ordinary Shares representing 2.83 per cent. of the Company's total voting rights.
For more information, please contact:
MANAGER: Chris Gradel, Managing Partner Pacific Alliance Investment Management 15/F, AIA Central 1 Connaught Road Central, Hong Kong T: (852) 2918 0088 F: (852) 2918 0881 cgradel@pagasia.com | LEGAL COUNSEL: Jon Lewis, General Counsel PAG 15/F, AIA Central 1 Connaught Road Central, Hong Kong T: (852) 2918 0088 F: (852) 2918 0881 jlewis@pagasia.com |
BROKER: Hiroshi Funaki Edmond de Rothschild Securities T: (44) 20 7845 5960 F: (44) 20 7845 5961 funds@lcfr.co.uk | NOMINATED ADVISER: Philip Secrett Grant Thornton UK LLP T: (44) 20 7383 5100 Philip.J.Secrett@uk.gt.com |
MEDIA RELATIONS: Stephanie Barry PAG T: (852) 3719 3375 sbarry@pagasia.com |
The Pacific Alliance Asia Opportunity Fund Ltd (AIM: PAX) is a closed-end investment company with net assets of US$168.23 million as at 31 October 2013. PAX was admitted to trading on the AIM Market of the London Stock Exchange in September 2006. PAX is focused on investing
in distressed credit, private equity secondaries, activist investments and other opportunities offering the possibility of unlocking the underlying value of a company or asset across the Asian markets.
www.pax-fund.com
Pacific Alliance Asia Opportunity Fund Limited is 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 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 320 staff working in the region.
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