PJF Prospect Japan

    RNS Number : 2021V
  Prospect Japan Fund Ld
  23 May 2008
   



    THE PROSPECT JAPAN FUND LIMITED
    (a closed-ended investment company incorporated in Guernsey with registration number 28863)


    Result of Annual General Meeting

    At the Annual General Meeting held on 22 May 2008, all Ordinary Resolutions and the following Special Resolution was passed:

    IT WAS RESOVLED to approve that the Company, be and is hereby generally and unconditionally authorised in accordance with The Companies
(Purchase of Own Shares) Ordinance, 1998 to make purchases as defined in that Ordinance of its Ordinary Shares of US$0.01 each ("Shares"),
provided that:-

(i)                  the maximum number of Shares hereby authorised to be purchased shall be 6,976,950 being equivalent to no more than
6.93% of the Company*s issued share capital at the date of this notice;
(ii)                the minimum price (exclusive of expenses) which may be paid for a Share is US$0.01, being the nominal value per share;
(iii)       the maximum price (exclusive of expenses) which may be paid for a Share is an amount equal to 105 per cent. of the average of
the middle market quotations for a Share taken from the London Stock Exchange Daily Official List for the 5 business days immediately
preceding the day on which the Share is purchased;
(iii)               purchases may only be made pursuant to this authority if the Shares are (at the date of the proposed purchase) trading
on the London Stock Exchange at a discount to the lower of the undiluted or diluted Net Asset Value;
(iv)              the authority hereby conferred shall expire at the conclusion of the Annual General Meeting of the Company in 2009 unless
such authority is renewed prior to such time; and
(v)        the Company may make a contract to purchase Shares under the authority hereby conferred prior to the expiry of such authority
which will or may be executed wholly or partly after the expiration of such authority and may make a purchase of Shares pursuant to any such
contract.

    IT WAS NOT RESOLVED that pursuant to the obligations imposed by Article 143 of the Articles of Association that the Company be wound
up.

    Date: 23 May 2008
    Enquiries: 

    Northern Trust International Fund Administration Services (Guernsey) Limited

    Andrew Maiden     44 (0)1481 745368
This information is provided by RNS
The company news service from the London Stock Exchange
 
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