Aseana Properties Limited Quarterly Investor Update and Total Voting Rights (9134X)
February 28 2017 - 2:00AM
UK Regulatory
TIDMASPL
RNS Number : 9134X
Aseana Properties Limited
28 February 2017
28 February 2017
Aseana Properties Limited
("Aseana")
Aseana Properties Limited (LSE: ASPL), a property developer in
Malaysia and Vietnam, listed on the Main Market of the London Stock
Exchange, has issued its Quarterly Investor Update for the three
month period to 31 December 2016, a copy of which can be obtained
from Aseana's website at:
http://www.aseanaproperties.com/quarterly.htm.
Highlights:
-- The Company announced that at the Extraordinary General
Meeting held on 4 January 2017, Shareholders supported the Board's
recommendation to vote in favour of the Tender Offer Resolution to
approve the Tender Offer and subsequent buyback of the tendered
shares.
-- The tender was fully taken up with a total of 13,334,000
Shares validly tendered by at the Tender Price of $0.75 per share
for a total cost of US$10,000,500 (before expenses). The tendered
shares represent approximately 6.29% of the Company's share capital
and are now held in treasury.
-- SENI Mont' Kiara ("SENI") achieved approximately 98% sales to date.
-- The RuMa Hotel and Residences ("The RuMa") achieved
approximately 55% sales based on sale and purchase agreements
signed.
-- The Harbour Mall Sandakan ("HMS") is approximately 67% tenanted.
-- Four Points by Sheraton Sandakan Hotel ("FPSS") recorded an
average occupancy rate of approximately 39% for the year ended 31
December 2016.
Total Voting Rights - Correction
The Company notes there was a minor discrepancy in the total
voting rights of the Company announced on 5 January 2017. For the
purposes of the Disclosure Guidance and Transparency Rules, the
Company's total issued share capital comprises 212,025,000 Shares
of US$0.05 each, with one voting right per Ordinary Share and 2
Management Shares of US$0.05 each, with one voting right per
Management Share. There are 13,334,000 Shares held in treasury. The
total number of voting rights in the Company is therefore
198,691,002.
The above figure of 198,691,002 Shares may be used by
Shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company, under the Disclosure
Guidance and Transparency Rules.
For further information:
Aseana Properties Limited Tel: +603 6411 6388
Chan Chee Kian Email: cheekian.chan@ireka.com.my
N+1 Singer Tel: 020 7496 3000
James Maxwell / Liz Yong (Corporate
Finance)
Sam Greatrex (Sales)
Tavistock Communications Tel: 020 7920 3150
Jeremy Carey / James Verstringhe Email: jeremy.carey@tavistock.co.uk
Notes to Editors:
London-listed Aseana Properties Limited (LSE: ASPL) is a
property developer investing in Malaysia and Vietnam.
Ireka Development Management Sdn Bhd ("IDM") is the exclusive
Development Manager for Aseana. It is a wholly-owned subsidiary of
Ireka Corporation Berhad, a company listed on the Bursa Malaysia
since 1993, which has over 50 years of experience in construction
and property development. IDM is responsible for the day-to-day
management of Aseana's property portfolio and the introduction and
facilitation of new investment opportunities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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