Asian Growth Properties Limited Director/PDMR Shareholding (6626L)
April 29 2015 - 3:30AM
UK Regulatory
TIDMAGP
RNS Number : 6626L
Asian Growth Properties Limited
29 April 2015
29 April 2015
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") as follows:
I. 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 option holders who had exercised their
subscription rights during the period up to 27 April 2015.
II. On 27 April 2015, Nan Luen International Limited ("NLI")
acquired additional SEA shares (the "Acquisition").
III. NLI has a direct shareholding interest of 59.88% of the
issued share capital of SEA and is interested in 100% of the issued
share capital in two companies which in turn are interested in a
total of 5.12% of the issued share capital of SEA. Thus, NLI is
deemed to have a total shareholding interest of 65% in the issued
share capital of SEA after the Acquisition.
IV. JCS Limited ("JCS") has a direct interest of 63.58% in the issued share capital of NLI.
V. NYH Limited ("NYH") is interested in 25% of the issued share
capital in each of two companies which in turn are interested in a
total of 3.28% of the issued share capital of SEA.
Immediately after the Acquisition, the respective deemed
interests in the Shares of the following directors of the Company
as at 27 April 2015 are as follows:
(1) Mr. Lu Wing Chi, executive director of the Company, is
deemed to have an indirect beneficial shareholding interest in
364,511,299 Shares, representing approximately 41.13% of the
existing issued share capital of the Company, by virtue of his
following interests:
(i) 1.75% direct shareholding interest in SEA;
(ii) 30% direct shareholding interest in NLI;
(iii) 49% direct shareholding interest in JCS; and
(iv) 100% direct shareholding interest in NYH.
(2) Mr. Lincoln Lu, executive director of the Company, is deemed
to have an indirect beneficial shareholding interest in 123,726,152
Shares, representing approximately 13.96% 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) 25.5% direct shareholding interest in JCS.
(3) Mr. Lambert Lu, executive director of the Company, is deemed
to have an indirect beneficial shareholding interest in 125,879,350
Shares, representing approximately 14.20% of the existing issued
share capital of the Company, by virtue of his following
interests:
(i) 1.99% direct shareholding interest in SEA;
(ii) 3.21% direct shareholding interest in NLI; and
(iii) 25.5% 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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