Asian Growth Properties Limited Director/PDMR Shareholding (5389S)
September 24 2014 - 11:45AM
UK Regulatory
TIDMAGP
RNS Number : 5389S
Asian Growth Properties Limited
24 September 2014
24 September 2014
ASIAN GROWTH PROPERTIES LIMITED
Disclosure of the Directors' Deemed Shareholding Interests
The board of directors of Asian Growth Properties Limited (the
"Company") (AIM Stock Code: AGP), the Hong Kong based China
property development and investment company, announces that the
Company has today received notifications from the following
executive directors of the Company reporting their respective
deemed interests in the ordinary shares of US$0.05 each in the
Company (the "Shares") are as follows:
(1) S E A Holdings Limited ("SEA") is beneficially entitled to
about 97.17% of the existing issued share capital of the Company.
SEA has changed its issued share capital as a result of the issue
of new SEA shares to an option holder who had exercised her
subscription rights and the cancellation of the repurchased SEA
shares during the period up to 23 September 2014.
(2) On 23 September 2014, Nan Luen International Limited ("NLI")
has also acquired additional SEA shares (the "Acquisition").
(3) NLI is interested in 59.73% of the issued share capital of
SEA immediately after the Acquisition.
(4) JCS Limited ("JCS") is interested in 63.58% of the issued share capital of NLI.
(5) NYH Limited ("NYH") is interested in 25% of the issued share
capital in each of the two companies which in turn are interested
in a total of 1.203% of the issued share capital of SEA.
(6) Immediately after the Acquisition, Mr. Lu Wing Chi, an
executive director of the Company, is deemed to have an indirect
beneficial shareholding interest in 329,080,009 Shares,
representing approximately 37.13% of the existing issued share
capital of the Company, by virtue of his following interests:
(i) 1.76% direct shareholding interest in SEA;
(ii) 30% direct shareholding interest in NLI;
(iii) 48% direct shareholding interest in JCS; and
(iv) 100% direct shareholding interest in NYH.
(7) Immediately after the Acquisition, Mr. Lincoln Lu is deemed
to have an indirect beneficial shareholding interest in 100,186,540
Shares, representing approximately 11.30% of the existing issued
share capital of the Company, by virtue of his following
interests:
(i) 1.74% direct shareholding interest in SEA;
(ii) 3.21% direct shareholding interest in NLI; and
(iii) 21% direct shareholding interest in JCS.
(8) Immediately after the Acquisition, Mr. Lambert Lu is deemed
to have an indirect beneficial shareholding interest in 100,961,691
Shares, representing approximately 11.39% of the existing issued
share capital of the Company, by virtue of his following
interests:
(i) 1.83% direct shareholding interest in SEA;
(ii) 3.21% direct shareholding interest in NLI; and
(iii) 21% direct shareholding interest in JCS.
For more information, please contact:
Lu Wing Chi Tel: +852 2828 6363
Executive Director
Asian Growth Properties Limited
Richard Gray Tel: +44 207 886 2500
Andrew Potts
Panmure Gordon (UK) Limited
(Nominated Advisor)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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