Result of General Meeting

RNS Number : 7420H

AVI Japan Opportunity Trust PLC

26 March 2020

 

AVI Japan Opportunity Trust PLC

Results of General Meeting

LEI: 894500IJ5QQD7FPT3J73

26 March 2020

The Board of AVI Japan Opportunity Trust PLC (the "Company") is pleased to announce that Resolutions 2 and 4, proposed at the General Meeting of the Company held at 11.00am on Thursday, 26 March 2020, were duly passed. Voting on both resolutions was conducted by way of a show of hands.

Resolutions 1 and 3 were withdrawn by the Chairman with consent from the meeting, as these Resolutions were redundant following the decision of the Company not to proceed with the Initial Issue of up to 30 million Ordinary Shares, to which both Resolutions related. As announced by the Company on 23 March 2020, the decision not to proceed with the Initial Issue was made in light of continued market volatility and uncertainty surrounding the ongoing pandemic.  

The full text of all four Resolutions can be found in the Notice of General Meeting set out in the Circular dated 3 March 2020, which has previously been submitted to the National Storage Mechanism and is available for inspection at: http://www.morningstar.co.uk/uk/NSM.do . The document is also available for download from the Company's website, www.ajot.co.uk .

For completeness, proxy votes received in respect of Resolutions 2 and 4 were as follows:

Resolutions	Votes For		Votes Against		Votes Withheld
Resolution 2 To authorise the allotment of up to 85 million Ordinary Shares/or C shares pursuant to the Placing Program	21,482,498	87.2%	3,154,411	12.8%	49,669
Resolution 4 To dis-apply statutory pre-emption rights otherwise applicable to the allotment of Ordinary Shares and/ or C Shares issued pursuant to the Placing Programme	21,479,598	87.2%	3,157,311	12.8%	49,669

Enquiries:

Joe Bauernfreund Asset Value Investors Investment Manager	020 7659 4800
Nezia Morgan Link Company Matters Limited Company Secretary	01392 477 500

Notes:

A copy of this announcement will be available on the Company's website and, in accordance with Listing Rule 9.6.2, copies of the resolutions passed  at the General Meeting have been submitted to and will shortly be available for inspection at the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM .

Terms used and not defined in this announcement bear the meaning given to them in the Circular.

Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

 

END

 

 

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