Director/PDMR Shareholding

RNS Number : 1865Z

Macau Property Opportunities Fund

25 May 2016

 

25 May 2016

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 24 May 2016, 200,000 ordinary shares of US$0.01 each ("Ordinary Shares") in the Company at 115.0p 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 12,493,215 Ordinary Shares, representing 16.35% of the issued share capital of the Company.

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About Macau Property Opportunities Fund

Macau Property Opportunities Fund Limited is a closed-end investment company registered in Guernsey. Listed on the London Stock Exchange's main market, it is also a constituent stock of the FTSE All-Share and FTSE SmallCap indices.

Launched in 2006, the Company targets strategic property investment and development opportunities in Macau and mainland China's western Pearl River Delta. Its current 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 

Investor Relations

Sniper Capital

Doris Boo

Tel: [phone]

Public Relations

MHP Communications

Andrew Jaques / Simon Hockridge / Kelsey Traynor

Tel: [phone]

Corporate Broker

Liberum Capital

Richard Bootle / Jonathan Wilkes-Green

Tel: [phone]

Company Secretary & Administrator

Heritage International Fund Managers

Mark Huntley

Tel: [phone]

Stock Codes:

Bloomberg:    MPO LN

Reuters:      MPO.L

 

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