Director/PDMR Shareholding

RNS Number : 6068T

Macau Property Opportunities Fund

10 June 2009

 



Macau Property Opportunities Fund Limited

(the 'Company')

Director Shareholding

The Board of the Company received notification today that Sniper Investments  Limited ('Sniper Investments') acquired on 8 June 2009, a further 152,500 ordinary shares of US$0.01 each ('Ordinary Shares') in the Company at 76.0p 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 3,675,000 Ordinary Shares, representing 3.5% of the issued share capital of the Company.

--Ends-

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

Public Relations

Hogarth Partnership Limited

Andrew Jaques / Anna Keeble

Tel: [phone]

Nominated Adviser & Joint Broker

Collins Stewart Europe Limited

David Yovichic / Hugh Field

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]

Manager

Sniper Capital Limited

Daisy Tang, Corporate & Investor Communications

Tel: [phone]

Email: [e-mail]

www.snipercapital.com

Stock Codes: 

Bloomberg:  MPO LN

Reuters: MPO.L

 

END

 

 

RDSFKLFBKQBEBBB