Director/PDMR Shareholding

RNS Number : 6270H

Macau Property Opportunities Fund

21 May 2014

 



21 May 2014

Macau Property Opportunities Fund Limited

 ("MPO" or the "Company")

Director Shareholding

The Board of Macau Property Opportunities Fund Limited received notification that Sniper Investments Limited ("Sniper Investments") acquired on 20 May 2014, 477,000 ordinary shares of US$0.01 each ("Ordinary Shares") in the Company at 239.85p 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 9,777,000 Ordinary Shares, representing 12.01% 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's main market.

Launched in 2006, the Company targets strategic property investment and development opportunities in Macau and Mainland China's western Pearl River Delta. Its current US$517 million portfolio comprises a mix of well-positioned residential and retail property assets.

The Fund is managed by Sniper Capital, an Asia-based property investment manager with an established track record in fund management and investment advisory.

For further information:

Company Registration Number 44813

Website: www.mpofund.com 

Public Relations

MHP Communications

Simon Hockridge / Andrew Jaques / James Morgan

Tel: [phone]

Manager

Sniper Capital Limited

Tel: [phone] (Investor Contact)

Tel: [phone](Fund Advisor)

Email: [e-mail]

www.snipercapital.com

Corporate Broker

Liberum Capital

Chris Bowman / Richard Bootle

Tel: [phone]

Company Secretary & Administrator

Heritage International Fund Managers

Mark Huntley / Laurence McNairn

Tel: [phone]

Stock Codes:

Bloomberg:    MPO LN

Reuters:      MPO.L

 

END

 

 

RDSQBLFLZEFLBBZ