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Subscription to raise £330,000

30th Apr 2015 10:20

RNS Number : 8320L
All Asia Asset Capital Limited
30 April 2015
 



 

Press Release 30 April 2015

 

All Asia Asset Capital Limited

 

("All Asia Asset Capital", "AAA" or the "Company")

 

Subscription to raise £330,000

All Asia Asset Capital Limited (AIM: AAA), an investment company focused on investing in the growing markets of the Asia Pacific region, is pleased to announce that it has raised £330,000 in cash through a subscription with two existing shareholders of the Company (the "Subscription"). The Company has today issued 2,000,000 new ordinary shares in the Company of no par value each (the "Subscription Shares") at a price of 16.5 pence per share (the "Subscription Price").

The Subscription Price represents the closing mid-market price of the Company's ordinary shares on 29 April 2015, being the last trading day prior to the release of this announcement and a premium of approximately 6.45% to the average closing price of the Company's ordinary shares for the last thirty trading days prior to the release of this announcement.

This Subscription has been effected following investor demand and the Subscription Shares have been issued under the Company's existing share authorities granted by shareholders at the Company's annual general meeting held on 29 May 2014. The Company has received the relevant Subscription funds. The Company intends to use the net proceeds of the Subscription for working capital and to provide the Company with additional funds to make further investments, in accordance with the Company's investing policy.

The Subscription Shares will represent 0.94% of the issued share capital of the Company, as enlarged by the Subscription. The Subscription Shares will rank pari passu in all respects with the existing ordinary shares. Application has been made to the London Stock Exchange for the Subscription Shares to be admitted to trading on AIM ("Admission"), which is expected to be effective on or around 7 May 2015. 

Following the issue of the Subscription Shares, the total number of ordinary shares in issue is 211,861,072 and the total number of voting rights in the Company is 211,861,072. There are no shares held in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure and Transparency Rules.

Following the issue of the Subscription Shares, the holders of ordinary shares in the Company with holdings in excess of 3% of the Company's enlarged share capital and of the directors are, to the best of the knowledge of the board of AAA, as follows:

 

Name of Shareholder

Number of Subscription Shares

Holding of Ordinary Shares

% of Total Ordinary Shares

Dr. Sri Hartati Kurniawan

(Chief Executive Officer)

-

29,829,150

14.08%

Robert John Sali

1,000,000

16,666,667

7.87%

Blake Gordon Olafson

-

15,000,000

7.08%

Robert Berkeley

(Executive Chairman and Finance Director)

-

14,914,575

7.04%

Yuhi Horiguchi (indirectly through Oxbow Enterprise Limited)

-

14,914,575

7.04%

Calveston Worldwide Limited

-

13,333,334

6.29%

Master Assets Group Limited

-

13,333,334

6.29%

Stephen Gillard*

-

12,304,859

5.81%

Red Legend Global Limited

-

11,666,667

5.51%

Best Growth Developments Limited

-

11,666,667

5.51%

Chakris Kajkumjohndej

-

11,000,000

5.19%

 

* Stephen Gillard's holding includes 7,333,334 ordinary shares held by Chiefland Trading Limited, an entity in which Stephen Gillard holds a beneficial interest.

 

-Ends-

 

For further information:

All Asia Asset Capital Limited

Robert Berkeley, Executive Chairman and Finance Director

Dr. Sri Hartati Kurniawan, Chief Executive Officer

Tel: +44 (0) 207 621 8910

Tel: +852 3756 0124

www.aaacap.com

 

Allenby Capital Limited (Nomad & Broker)

Nick Naylor / Nick Athanas / Alex Brearley

Tel: +44 (0) 203 328 5656

www.allenbycapital.com

About AAA

AAA is an investment company that has been established as a platform for investors looking to access growing markets in the Asia-Pacific region. The Company invests in a portfolio of companies with at least a majority of operations (or early-stage companies that intend to have at least a majority of their operations) in the Asia-Pacific region in industries with high growth potential including, but not limited to: agriculture, forestry and plantations, mining, natural resources, property, and/or technology. AAA is publicly quoted and its shares are traded on the AIM Market, which is operated by the London Stock Exchange.

 

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