Transaction in Own Shares

RNS Number : 7912M
Macau Property Opportunities Fund
30 August 2013
 



30 August 2013

 

 

Macau Property Opportunities Fund Limited

("MPO" or the "Company")

 

Transaction in Own Shares

 

 

The Board of Macau Property Opportunities Fund Limited announces that on 29 August 2013, the Company purchased 1,500,000 of its own ordinary shares of US$0.01 each ("Ordinary Shares") at a price of 168.5p per share. These shares will be cancelled.

 

The purchase represents 1.67% of the Company's total outstanding shares in issue. Following cancellation of the shares, the issued share capital of the Company will be 88,500,000 Ordinary shares.

 

Further opportunistic purchases of MPO shares may be considered by the Board at suitably attractive prices.

 

 

- 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 $400 million portfolio comprises a mix of well-positioned residential, retail and logistics 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 / Rosa Smith

Tel: +44 20 3128 8100

 

Manager

Sniper Capital Limited

Tel: +65 6222 1440 (Investor Contact)

Tel: +853 2870 5151(Fund Advisor)

 

Email: info@snipercapital.com

www.snipercapital.com

 

Corporate Broker

Liberum Capital

Chris Bowman / Richard Bootle

Tel: +44 20 3100 2228

 

Company Secretary & Administrator

Heritage International Fund Managers

Mark Huntley / Laurence McNairn

Tel: +44 14 8171 6000

 

Stock Codes:

Bloomberg:    MPO LN

Reuters:      MPO.L

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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