LONDON (Dow Jones)--Pacific Assets Trust PLC (PAC.LN), said Tuesday that it has purchased a market total of 1,500,000 ordinary shares of 25 pence each in the capital of the company at a price of 109.25 pence per share. MAIN FACTS: -These shares will be cancelled. -Shares closed at 109.75 pence, valuing the company at GBP129.89 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] Order free Annual Report for Pacific Assets Trust PLC Visit http://djnweurope.ar.wilink.com/?ticker=GB0006674385 or call +44 (0)208 391 6028 (END) Dow Jones Newswires July 13, 2010 11:44 ET (15:44 GMT)