TIDMASPL

RNS Number : 3387X

Aseana Properties Limited

18 November 2014

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i) 
 
 
 1. Identity of the issuer or the        Aseana Properties Ltd 
  underlying issuer of existing shares 
  to which voting rights are attached: 
  (ii) 
 
 
 2 Reason for the notification (please tick the appropriate box 
  or boxes): 
 An acquisition or disposal of voting rights                          X 
                                                                   ------ 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already 
  issued to which voting rights are attached 
                                                                   ------ 
 An acquisition or disposal of instruments with similar 
  economic effect to qualifying financial instruments 
                                                                   ------ 
 An event changing the breakdown of voting rights 
                                                                   ------ 
 Other (please 
  specify): 
-----------------  ----------------------------------------------  ------ 
 
 
 
 3. Full name of person(s) subject 
  to the notification obligation:          LIM Asia Multi-Strategy Fund 
  (iii)                                     Inc. and LIM Asia Special 
 
                                          Situations Master Fund Limited 
 4. Full name of shareholder(s) 
  (if different from 3.): (iv) 
                                       --------------------------------- 
 5. Date of the transaction and date              13 Nov 2014 
  on which the threshold is crossed 
  or reached: (v) 
                                       --------------------------------- 
 6. Date on which issuer notified:                17 Nov 2014 
                                       --------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                  14% 
                                       --------------------------------- 
 
 
 8. Notified details: 
 A: Voting rights attached to shares (viii, ix) 
 Class/type         Situation previous        Resulting situation after the triggering 
  of                 to the triggering         transaction 
  shares             transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
                   ------------------------  -------------------------------------------------------- 
                    Number       Number       Number       Number of voting      % of voting rights 
                     of           of           of shares    rights                (x) 
                     Shares       Voting 
                                  Rights 
                   -----------  -----------  -----------  --------------------  --------------------- 
                                              Direct       Direct   Indirect     Direct     Indirect 
                                                            (xi)     (xii) 
                   -----------  -----------  -----------  -------  -----------  ---------  ---------- 
 Ordinary shares 
  (ASPL LN)         29,109,160   29,109,160                         30,464,026              14.37% 
                   -----------  -----------  -----------  -------  -----------  ---------  ---------- 
 
 
 B: Qualifying Financial Instruments 
 Resulting situation after the triggering transaction 
 Type of financial   Expiration     Exercise/       Number of voting         % of voting 
  instrument          date (xiii)    Conversion      rights that              rights 
                                     Period (xiv)    may be 
                                                     acquired if 
                                                     the 
                                                     instrument is 
                                                     exercised/ converted. 
                    -------------  --------------  -----------------------  ------------ 
  N/A                 N/A            N/A             N/A                      N/A 
                    -------------  --------------  -----------------------  ------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying 
  Financial Instruments (xv, xvi) 
 Resulting situation after the triggering transaction 
 Type of financial   Exercise   Expiration   Exercise/     Number of voting     % of voting 
  instrument          price      date         Conversion    rights instrument    rights (xix, 
                                 (xvii)       period        refers to            xx) 
                                              (xviii) 
                    ---------  -----------  ------------  -------------------  ---------------- 
                                                                                Nominal   Delta 
                    ---------  -----------  ------------  -------------------  --------  ------ 
 N/A                 N/A        N/A          N/A           N/A 
                    ---------  -----------  ------------  -------------------  --------  ------ 
 
 
 Total (A+B+C) 
 Number of voting rights   Percentage of voting rights 
                          ---------------------------- 
  30,464,026                14.37% 
                          ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
 
   LIM Advisors Limited acts as investment manager for LIM Asia Multi-Strategy 
   Fund Inc. and LIM 
   Asia Special Situations Master Fund Limited (the "Funds"). The Funds 
   collectively (currently) hold 
   more than fourteen per cent of the shares of the listed company through 
   open market purchase. 
 
   LIM Advisors Limited has indirect interest by virtue of its rights over 
   the shares as investment 
   manager of the Funds. 
 
 
 Proxy Voting: 
 10. Name of the proxy holder:          LIM Advisors Limited 
                                      ---------------------- 
 11. Number of voting rights proxy      N/A 
  holder will cease to hold: 
                                      ---------------------- 
 12. Date on which proxy holder will    N/A 
  cease to hold voting rights: 
                                      ---------------------- 
 
 
 13. Additional information:       N/A 
 14. Contact name:                 Ben Mak 
                                 ---------------- 
 15. Contact telephone number:     +852 2533 0964 
                                 ---------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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