Transaction in Own Shares

RNS Number : 6275S

Macau Property Opportunities Fund

04 December 2012

 



4 December 2012

Macau Property Opportunities Fund Limited

("MPO" or the "Company")

Transaction in Own Shares

The Board of Macau Property Opportunities Fund Limited announces that on 3 December 2012, the Company purchased 4,404,483 of its own ordinary shares of US$0.01 each ("Ordinary Shares") at a price of 110.5p per share. These shares will be cancelled.

The purchase represents 4.41% of the Company's total outstanding shares in issue. Following cancellation of the shares, the issued share capital of the Company will be 95,525,267 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 Main Market.

Launched in 2006, the Company seeks to deliver long-term returns from the investment in and development of high quality properties located in Macau and the western region of China's Pearl River Delta. Its current US$375 million portfolio comprises a mix of strategically-positioned residential, retail and warehousing property assets.

The Fund is managed by Sniper Capital, an Asian-based property investment manager that provides highly focused Fund Management and Advisory Services. 

For further information:

Company Registration Number 44813

Website: www.mpofund.com

Public Relations

MHP Communications

Simon Hockridge / Andrew Jaques 

Tel: [phone]

Manager (Investor Contact)

Sniper Capital

Tel: [phone]

Email: [e-mail]

Website: www.snipercapital.com

Corporate Broker

Liberum Capital

Chris Bowman / Richard Bootle

Tel: [phone]

Company Secretary & Administrator

Heritage International Fund Managers

Mark Huntley

Tel: [phone]

Stock Codes: 

Bloomberg:  MPO LN

Reuters:    MPO.L

 

END

 

 

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