Asian Growth Properties Limited Director/PDMR Shareholding (7185Y)
May 19 2016 - 4:00AM
UK Regulatory
TIDMAGP
RNS Number : 7185Y
Asian Growth Properties Limited
19 May 2016
19 May 2016
ASIAN GROWTH PROPERTIES LIMITED
Disclosure of 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
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
cancellation of repurchased SEA shares and the issue of new SEA
shares to option holders who had exercised their subscription
rights during the period up to 19 May 2016.
II. On 10 May 2016, Mr. David Andrew Runciman (executive
director of the Company) transferred 500,000 SEA shares to Nan Luen
International Limited ("NLI").
III. Up to 19 May 2016, NLI acquired a total of 700,000 SEA
shares (the "Acquisition") including 500,000 SEA shares from Mr.
David Andrew Runciman as mentioned in paragraph II.
IV. Immediately after the Acquisition, NLI has a direct
shareholding interest of 59.79% of the issued share capital of SEA.
NLI is also interested in 100% of the issued share capital in two
companies which in turn are interested in a total of 5.23% of the
issued share capital of SEA. Thus, NLI is deemed to have a total
shareholding interest of 65.02% in the issued share capital of SEA
after the aforesaid events.
V. JCS Limited ("JCS") has a direct interest of 63.58% in the issued share capital of NLI.
VI. NYH Limited ("NYH"), a company 100% owned by Mr. Lu Wing Chi
(executive director of the Company), has direct shareholding
interest of 0.61% interest in SEA. Mr. Lu Wing Chi is deemed to be
interested in 0.61% interest in SEA by virtue of his 100% interest
in NYH.
Immediately after the aforesaid events, the respective deemed
interests in the Shares of the following directors of the Company
as at 19 May 2016 be as follows:
1. Mr. Lu Wing Chi, executive director of the Company, is deemed
to have an indirect beneficial shareholding interest in 361,628,598
Shares, representing approximately 40.80% of the existing issued
share capital of the Company, by virtue of his following
interests:
(i) 1.61% 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 132,295,016
Shares, representing approximately 14.93% of the existing issued
share capital of the Company, by virtue of his following
interests:
(i) 2.73% 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 132,467,272
Shares, representing approximately 14.95% of the existing issued
share capital of the Company, by virtue of his following
interests:
(i) 2.75% direct shareholding interest in SEA;
(ii) 3.21% direct shareholding interest in NLI; and
(iii) 25.5% direct shareholding interest in JCS.
4. Mr. David Andrew Runciman, executive director of the Company,
has beneficial shareholding interest in 520,000 Shares,
representing approximately 0.06% of the existing issued share
capital of the Company.
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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