REG - Macau Prop Opp Fund - Transaction in Own Shares & Director Shareholding <Origin Href="QuoteRef">MPO.L</Origin>

Macau Property Opportunities FundAnnouncement

15/07/2015 16:26

RNS Number : 4228M
Macau Property Opportunities Fund
07 May 2015
7 May 2015
Macau Property Opportunities Fund Limited
("MPO" or the "Company")
Transaction in Own Shares and Director Shareholding
The Board of Macau Property Opportunities Fund Limited announces that on 6 May 2015, the Company purchased 450,000 of its own ordinary shares of US$0.01 each ("Ordinary Shares") at a price of 210p per share. These shares will be cancelled.
The purchase represents 0.58% of the Company's total outstanding shares in issue. Following cancellation of the shares, the issued share capital of the Company will be 77,533,964 Ordinary Shares. 
Further opportunistic purchases of MPO shares may be considered by the Board at suitably attractive prices.
The Board of the Company also received notification that Sniper Investments Limited ("Sniper Investments") acquired on 6 May 2015, 250,000 Ordinary Shares in the Company at 210p per share.
Tom Ashworth and Martin Tacon, directors of the Company's Manager, Sniper Capital Limited, (the "Principals") have a beneficial interest in Sniper Investments. Tom Ashworth is also a non-executive director of the Company. Sniper Investments is therefore a connected person of both of the Principals.
Following this acquisition, Sniper Investments has a direct beneficial interest, and the Principals have an indirect beneficial interest, in the Company of 10,650,000 Ordinary Shares, representing 13.66% of the issued share capital of the Company.
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About Macau Property Opportunities Fund
Macau Property Opportunities Fund Limited is a closed-end investment fund registered in Guernsey. Listed on the London Stock Exchange's main market, it is also a constituent stock of the FTSE All-Share and FTSE SmallCap indices.
Launched in 2006, the Company targets strategic property investment and development opportunities in Macau and Mainland China's western Pearl River Delta. Its current US$548 million portfolio comprises a mix of well-positioned residential and retail property assets.
The Fund is managed by Sniper Capital, an Asia-based property investment manager with an established track record in fund management and investment advisory.
For further information:
Company Registration Number 44813
Website:www.mpofund.com
Public Relations
MHP Communications
Simon Hockridge / Andrew Jaques/ James Morgan
Tel: +44 20 3128 8100
Manager 
Sniper Capital Limited
Tel: +65 6222 1440 (Investor Contact)
Tel: +853 2870 5151(Fund Advisor)
Email: info@snipercapital.com
www.snipercapital.com
Corporate Broker
Liberum Capital
Richard Bootle
Tel: +44 20 3100 2228 
Company Secretary & Administrator
Heritage International Fund Managers
Mark Huntley 
Tel: +44 14 8171 6000
Stock Codes:
Bloomberg: MPO LN
Reuters: MPO.L

This information is provided by RNS
The company news service from the London Stock Exchange
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