30th Jan 2008 10:30
Macau Property Opportunities Fund30 January 2008 Macau Property Opportunities Fund Limited ("MPO" or the "Company") Notice of Extraordinary General Meeting Macau Property Opportunities Fund Limited announces that an ExtraordinaryGeneral Meeting has been convened to be held at 1.30 pm on 29th February 2008 atPolygon Hall, Le Marchant Street, St. Peter Port, Guernsey GY1 4HY for thefollowing purpose: To authorise the Company in accordance with The Companies (Purchase of OwnShares) Ordinance, 1998 to make market purchases (as defined in that Ordinance)either for retention as treasury shares, or cancellation, provided that:- i. the maximum number of shares authorised to be purchased is up to 14.99 percent. of the shares in issue; ii. the minimum price which may be paid for a share is £0.01; iii. the maximum price which may be paid for a share is an amount equal to thehigher of 105 per cent of the average of the middle market quotations for ashare as derived from the Alternative Investment Market of the London StockExchange for the five business days immediately preceding the day on which thatshare is purchased and either the higher of the price of the last independenttrade or the highest current independent bid at the time of purchase; iv. such authority shall expire at the annual general meeting of theCompany in 2008 unless such authority is varied, revoked or renewed prior tosuch date by a special resolution of the Company in general meeting; v. the Company may make a contract to purchase shares under such authorityprior to its expiry which will or may be executed wholly or partly after itsexpiration and the Company may make a purchase of shares pursuant to any suchcontract. Formal notice of the Extraordinary General meeting is being posted today toshareholders. Copies of the circular to shareholders are available to the public from todayuntil the date of the Extraordinary General meeting at the offices of HeritageInternational Fund Managers Limited, Polygon Hall, Le Marchant Street, St. PeterPort, Guernsey, GY1 4HY. --Ends-- About Macau Property Opportunities Fund Macau Property Opportunities Fund, which raised £105 million in a Placing andcommenced trading on AIM, a market of the London Stock Exchange on 5 June 2006,is a closed-end investment company incorporated in Guernsey. MPO focuses oninvesting in property opportunities primarily in Macau, but also potentially inthe Western Pearl River Delta region and in exceptional circumstances, greaterChina. The Company's investment policy is to provide shareholders with anattractive total return, which is expected to comprise primarily capital growth,but with the potential for dividends over the medium to long term. The Manager of MPO is Sniper Capital Limited and the Investment Adviser isSniper Capital Management Limited. About Sniper Capital Limited Sniper Capital is an independent investment manager specialising in propertyinvestment in niche, undervalued and developing markets. The Company'sinvestment strategy is to identify, acquire and develop properties clearlydifferentiated by location, value and sustainability of demand. Sniper Capitalcurrently manages two funds with combined assets of US$250 million. For further information: Website: www.mpofund.com Public RelationsHogarth Partnership LimitedAndrew Jaques / Sarah RichardsonTel: +44 20 7357 9477 Nominated Adviser and Joint BrokerCollins Stewart Europe LimitedHugh FieldTel: +44 20 7523 8325 Joint BrokerShore Capital Stockbrokers LimitedDru DanfordTel: +44 20 7408 4090 Company Secretary & AdministratorHeritage International Fund Managers LimitedMark Huntley / Laurence McNairnTel: +44 1481 716000 ManagerSniper Capital LimitedCorporate and Investor CommunicationsDaisy TangTel: +852 2292 6700Email: [email protected] Stock Codes: Bloomberg: MPO LNReuters: MPO.L This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Macau Property