Replacement - Redemption Facility Results

RNS Number : 7187D

Atlantis Japan Growth Fund Ld

01 April 2014

 



ATLANTIS JAPAN GROWTH FUND LIMITED

("AJGF" or the "Company")

(a closed-ended investment company incorporated in Guernsey with registration number 30709)

The following amendment has been made to the Redemption Facility Results announcement released on 1 April 2014 at 09.59 under RNS No 7099D.

The number of shares in issue after the redemption detailed in paragraph 4 has been amended from 43,923,158 to 43,894,158.

All other details remain unchanged.

The full amended text is shown below.

Redemption of Ordinary Shares

1 April 2014

The Directors of the Company announce that they have approved the operation of the redemption opportunity as at 31 March 2014, as described in the Circulars dated 30 November 2010 and 22 February 2013.  

Based on the current number of ordinary shares in issue (46,204,376), redemption requests have been scaled back so that only 5.00% (2,310,218 shares) of the Company's shares have been accepted for redemption. The Company notes that a total of 10,804,299 ordinary shares were validly lodged for redemption, representing approx. 23.38% of the Company's shares in issue.

5.00% of the Company's net assets have been transferred to the Redemption Pool with effect from 5.00pm on 31 March 2014.

Following this redemption, there are now 43,894,158 ordinary shares in issue and this figure should 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 FSA's Disclosure and Transparency Rules. There are also 2,102,611 shares held in treasury.

As soon as practicable after the realisation of the assets held in the Redemption Pool, the Company will notify the relevant Shareholders of the Redemption Price per Share and will dispatch the net redemption monies to those Shareholders whose shares have been redeemed. Redemption proceeds are expected to be paid out in one payment once all assets in the redemption pool have been realised.

Copies of the Circulars dated 30 November 2012 and 22 February 2013 (the "Circulars") can be found on the Company's website (www.atlantisjapangrowthfund.com).

Further details of the redemption facility process can be found in the Circulars.

Enquiries

Andrew Maiden

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel:       [phone]

Email:   [e-mail]

 

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