Prospect Japan Fund AGM Results

 
TIDMPJF 
 
The Prospect Japan Fund Limited (the "Company") 
 (a closed-ended investment company incorporated with limited liability under 
              the Laws of Guernsey with registered number 28863) 
 
                       Result of Annual General Meeting 
                                18 August 2016 
 
At the Annual General Meeting of the Company held earlier today, all Ordinary 
Resolutions set out in the AGM Notice sent to shareholders dated 22 July 2016 
were duly passed. 
 
Details of the proxy voting results which should be read alongside the Notice 
sent to shareholders are noted below: 
 
Ordinary Resolution         For              Against            Withheld 
 
         1              70,666,277          8,416,883               0 
 
         2              70,666,277          8,416,883               0 
 
         3              79,083,160              0                   0 
 
         4              66,947,085         10,666,883           1,469,192 
 
         5              68,416,277         10,666,883               0 
 
         6              68,416,277          2,250,000           8,416,883 
 
         7              79,083,160              0                   0 
 
Note - A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution 
 
At the same AGM noted above, the following Special Business by Ordinary 
Resolution was also passed, as detailed below: 
 
7. SPECIAL BUSINESS BY ORDINARY RESOLUTION 
 
To resolve that, in substitution of all previous authorities, the Company be 
generally, subject as hereinafter appears, and unconditionally authorised in 
accordance with the Law to make market acquisitions (as defined in Section 316 
of the Law) of its ordinary shares of US$0.001 each (the "Shares") provided 
that: 
 
(i)    the maximum number of Shares hereby authorised to be purchased shall be 
13,843,655 being equivalent to no more than 14.99% 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$0.001, 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; 
 
(iv) purchase 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; 
 
(v)   the authority hereby conferred shall expire at the conclusion of the 
annual general meeting of the Company in 2017 unless such authority is renewed 
prior to such time; and 
 
(vi)  the Company may make an acquisition of Shares after the annual general 
meeting of the Company in 2017 pursuant to this authority if the contract of 
acquisition was concluded before the authority expired and the authority hereby 
conferred permits the Company to make a contract of acquisition of Shares which 
would or might be executed wholly or partly after the expiration of this 
authority. 
 
 
All Enquiries: 
 
 
The Company Secretary 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Tel:       +44 (0) 1481 745001 
 
Company Website: www.prospectjapan.com 
 
 
 
 
END
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