Proposed Move to LSE Main Mar

RNS Number : 0292I

Macau Property Opportunities Fund

04 March 2010

 



Macau Property Opportunities Fund Limited

("MPO" or the "Company")

Proposed Move to LSE Main Market

Macau Property Opportunities Fund Limited is pleased to announce that it intends to seek a Premium Listing of its ordinary shares on the Official List of the UK Listing Authority and admission to trading on the London Stock Exchange plc's Main Market for listed securities ("Admission").

It is expected that Admission will occur during the second quarter of 2010. Collins Stewart Europe Limited will be acting as Sole Sponsor and Broker to the listing.

The Board believes that a Premium Listing will bring about a number of potential benefits including greater share liquidity, enhanced market profile and a wider shareholder base, and will also offer the most appropriate platform for the continued development of the Company.

In the longer term, there is also the added potential for the Company to enjoy the benefit of eligibility for inclusion in the FTSE All- Share Index.

Further details of the Admission proposal, including the expected timetable, will be announced in due course. It is expected that a general meeting of the Company will be convened in order to seek shareholder approval for the Admission proposal, including the making of certain amendments to the Company's articles of association.

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About the Sponsor

Collins Stewart Europe Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as sponsor to Macau Property Opportunities Fund Limited and is acting for no-one else in connection with the Admission and the contents of this announcement, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Collins Stewart Europe Limited nor for providing advice in connection with the Admission and the contents of this announcement or any other matter referred to herein. Collins Stewart Europe Limited is not responsible for the contents of this announcement. This does not exclude or limit any responsibilities which Collins Stewart Europe Limited may have under the Financial Services and Markets Act 2000 or the regulatory regime established thereunder.

About Macau Property Opportunities Fund

Macau Property Opportunities Fund Limited, which raised £105 million in a placing and commenced trading on AIM in 2006, is a closed-end investment fund registered in Guernsey. The Company's investment policy is to provide shareholders with an attractive total return through investing in property opportunities in one of the world's fastest growing and most dynamic regions - Macau and the Western Pearl River Delta of Southern China.

The Fund is managed by Sniper Capital Limited, an independent investment manager that specialises in property investment opportunities in niche, undervalued and developing markets.

For further information:

Website: www.mpofund.com

Nominated Adviser & Joint Broker

Collins Stewart Europe Limited

David Yovichic / Helen Goldsmith 

Tel: [phone]

Manager

Sniper Capital Limited

Daisy Tang, Corporate & Investor Communications

Tel: [phone]

Email: [e-mail]

www.snipercapital.com

Other Advisers

Public Relations

Hogarth Partnership Limited

Andrew Jaques / Simon Hockridge

Tel: [phone]

Joint Broker

Shore Capital Stockbrokers Limited
Dru Danford

Tel: [phone]

Company Secretary & Administrator

Heritage International Fund Managers Limited

Mark Huntley / Laurence McNairn

Tel: [phone]

Stock Codes: 

Bloomberg:  MPO LN

Reuters: MPO.L

 

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