Cancellation of Share Buy-Back Programme

RNS Number : 1268N

Macau Property Opportunities Fund

26 September 2012

 



NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

26 September 2012

MACAU PROPERTY OPPORTUNITIES FUND LIMITED

CANCELLATION OF SHARE BUY-BACK PROGRAMME

On 25 July 2012, MPO announced the launch of a formal ordinary share buy-back programme (the "Programme"). Under the terms of the Programme, Liberum Capital Limited was appointed to make market purchases of ordinary shares on behalf of the Company whilst the Company was in a close period prior to the release of its annual results.

The release of the Company's annual results on 24 September 2012 ends the need for a close period programme but the Company will continue to buy back shares at attractive levels of discount of share price to net asset value.

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About Macau Property Opportunities Fund

Macau Property Opportunities Fund Limited is a closed-end investment fund registered in Guernsey and listed on the London Stock Exchange Main Market.

Launched in 2006, the Company seeks to deliver long-term returns from the investment in and development of high quality properties located in Macau and the western region of China's Pearl River Delta. Its current $375 million portfolio comprises a mix of strategically-positioned residential, retail and warehousing property assets.

The Fund is managed by Sniper Capital, an Asian-based property investment manager that provides highly focused Fund Management and Advisory Services.

For further information:

Company Registration Number 44813

Website: www.mpofund.com 

Public Relations MHP Communications Simon Hockridge / Andrew Jaques Tel: [phone] Email: [e-mail] / [e-mail]

Manager (Investor Contact) Sniper Capital Faye Chiam Tel: [phone] Email: [e-mail] Website: www.snipercapital.com

Corporate Broker Liberum Capital Chris Bowman / Richard Bootle Tel: [phone]

Company Secretary & Administrator Heritage International Fund Managers Mark Huntley Tel: [phone]

Stock Codes:

Bloomberg:   MPO LN

Reuters:     MPO.L

 

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