Director/PDMR Shareholding

RNS Number : 6279S

Macau Property Opportunities Fund

04 December 2012

 



4 December 2012

Macau Property Opportunities Fund Limited

 ("MPO" or the "Company")

Director Shareholdings

The Board of Macau Property Opportunities Fund Limited received notification today that Sniper Investments Limited ("Sniper Investments") acquired on 3 December 2012, 880,897 ordinary shares of US$0.01 each ("Ordinary Shares") in the Company at 110.5p per Ordinary Share.

Tom Ashworth and Martin Tacon, directors of the Company's Manager, Sniper Capital Limited, (the "Principals") have a beneficial interest in Sniper Investments. Tom Ashworth is also a non-executive director of the Company. Sniper Investments is therefore a connected person of both of the Principals.

Following this acquisition, Sniper Investments has a direct beneficial interest, and the Principals have an indirect beneficial interest, in the Company of 6,690,397 Ordinary Shares, representing 7.00% of the issued share capital of the Company.

The Board of the Company also received notification today that Chris Russell, a director of the Company, acquired on 3 December 2012, 88,089 Ordinary shares at 110.5p per Ordinary Share.

Following this acquisition, Mr Russell has a beneficial interest in the Company of 240,637 Ordinary shares, representing 0.25% of the issued share capital of the Company.

--Ends--

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]

Manager (Investor Contact)

Sniper Capital

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

 

END

 

 

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