Result of Meetings
June 18 2010 - 8:36AM
UK Regulatory
TIDMJRIC
RNS Number : 8799N
Japan Residential Inv. Co. Ltd
18 June 2010
18 June 2010
JAPAN RESIDENTIAL INVESTMENT COMPANY LIMITED
(the "Company")
RESULTS OF MEETINGS
Japan Residential Investment Company Limited (AIM: JRIC), an authorised
closed-ended investment company incorporated in Guernsey and established to make
and hold investments in residential property in Japan, announced on 28 May 2010
that it was proposing to raise GBP35.0 million by the issue of 87,500,000 New
Ordinary Shares through the Placing and Open Offer and Firm Placing at a price
of 40p per New Ordinary Share. The Placing and Open Offer and Firm Placing were
conditional upon shareholder approval.
The Company is pleased to announce that all the resolutions set out in the
notice of Extraordinary General Meeting dated 28 May 2010 were duly passed at
the Extraordinary General Meeting of the Company held earlier today.
It is expected that Admission will become effective, and dealings in the New
Ordinary Shares will commence, at 8.00 a.m. on 22 June 2010. New Ordinary
Shares in uncertificated form are expected to be credited to CREST accounts by
8.00 a.m. on 22 June 2010, and definitive share certificates for the New
Ordinary Shares in certificated form are expected to be despatched by post by 29
June 2010.
The Company also announces that all the resolutions proposed at the Company's
Annual General Meeting held shortly after the Extraordinary General Meeting,
were duly passed.
Enquiries:
+----------------------+--------------------+--------------------+
| K.K. Halifax Asset | Alec Menikoff | +81 (0)3 5563 8771 |
| Management | | |
| | | |
+----------------------+--------------------+--------------------+
| Smith & Williamson | Azhic Basirov | +44 (0)20 7131 |
| Corporate Finance | David Jones | 4000 |
| Limited | | |
| | | |
+----------------------+--------------------+--------------------+
| Fairfax I.S. PLC | John | +44 (0)20 7598 |
| | Korwin-Szymanowski | 5368 |
| | Gillian McCarthy | |
+----------------------+--------------------+--------------------+
Other than as expressly set out in this announcement, capitalised terms used in
this announcement shall have the meanings given to them in the shareholder
circular dated 28 May 2010 which is available on the Company's website:
www.jricl.com.
This announcement does not constitute an offer to buy or to subscribe for, or
the solicitation of an offer to buy or subscribe for, shares in any jurisdiction
in which such offer or solicitation is unlawful. In particular the New Ordinary
Shares have not been, and will not be, registered under the United States
Securities Act of 1933 as amended (the "Securities Act") or qualified for sale
under the laws of any state of the United States or under the applicable laws of
any of Canada, Australia, the Republic of South Africa, the Republic of Ireland
or Japan and, subject to certain exceptions, may not be offered or sold in the
United States or to, or for the account or benefit of, US persons (as such term
is defined in Regulation S under the Securities Act) or to any national,
resident or citizen of Canada, Australia, the Republic of South Africa, the
Republic of Ireland or Japan. Neither this announcement nor any copy of it may
be distributed directly or indirectly to any persons with addresses in the
United States of America (or any of its territories or possessions), Canada,
Australia, the Republic of South Africa, the Republic of Ireland or Japan, or to
any corporation, partnership or other entity created or organised under the laws
thereof, or in any other country outside the United Kingdom where such
distribution may lead to a breach of any legal or regulatory requirement.
Smith & Williamson, which is authorised and regulated in the United Kingdom by
the Financial Services Authority, is acting as nominated adviser and joint
financial adviser to the Company in connection with the Placing and Open Offer
and Firm Placing and will not be responsible to any person other than the
Company for providing the protections afforded to clients of Smith & Williamson
or for providing advice to any other person in connection with the Placing and
Open Offer and Firm Placing. Its responsibilities as the Company's nominated
adviser under the AIM Rules are owed solely to the London Stock Exchange and are
not owed to the Company or to any Director or to any other person. Smith &
Williamson is not making any representation or warranty, express or implied, as
to the contents of this announcement.
Fairfax is authorised and regulated in the United Kingdom by the Financial
Services Authority, is a member of the London Stock Exchange and is acting as
placing agent, broker and joint financial adviser to the Company and no one else
in connection with the Placing and Open Offer and Firm Placing. Fairfax will not
be responsible to anyone other than the Company for providing the protections
afforded to clients of Fairfax or for providing advice to any other person in
connection with the Placing and Open Offer and Firm Placing. Fairfax is not
making any representation or warranty, express or implied, as to the contents of
this announcement.
Neither the Guernsey Financial Services Commission nor the States of Guernsey
Policy Council takes any responsibility for the financial soundness of the
Company or for the correctness of any of the statements made or opinions
expressed with regard to it. Notification of the proposed placing and open offer
and firm placing of the New Ordinary Shares has been made to the Guernsey
Financial Services Commission.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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