Africa Opportunity Fund Limited Result of EGM (7264D)
28 June 2019 - 2:20AM
UK Regulatory
TIDMAOF
RNS Number : 7264D
Africa Opportunity Fund Limited
27 June 2019
27 June 2019
Africa Opportunity Fund Limited ("AOF" or the "Company")
Result of Extraordinary General Meeting
The Company is pleased to announce that at the Extraordinary
General Meeting held at 9.00 a.m. (Cayman Islands Time) / 3.00 p.m.
(British Summer Time) on 27 June 2019 the resolutions tabled were
duly passed without amendment.
The details of voting on the resolutions are as follows:
In favour Against Withheld** Total
Votes %* Votes %*
----------- ----- ------ ---
Ordinary resolution
that the requirement
of the Company to propose
the realisation opportunity
be and is hereby waived. 47,142,476 100% 0 0% 0 47,142,476
----------- ----- ------ --- ----------- -----------
Ordinary resolution
that the continuation
of the existence of
the Company be and
is hereby approved. 47,142,476 100% 0 0% 0 47,142,476
----------- ----- ------ --- ----------- -----------
Special resolution
that the Company be
reorganised as follows:
(a) the text set out
under "New Investing
Policy" in paragraph
2 of Part III of the
Company's circular
to Shareholders dated
5 June 2019 (the "Circular")
be and is hereby adopted
as the new investment
policy of the Company;
(b) the terms of the
Amended and Restated
Investment Management
Agreement (as defined
in the Circular) be
and are hereby approved;
(c) the memorandum
and the articles of
association in the
form initialled by
the Chair of the meeting
be adopted as the memorandum
and articles of association
of the Company in substitution
for and to the exclusion
of the existing memorandum
and articles of association;
and
(d) any variation to
the rights attaching
to the Ordinary Shares
in the Company pursuant
to the adoption of
the new memorandum
and articles of association,
and in particular the
right for the Company
to redeem the Ordinary
Shares (including any
redemptions made of
15 per cent. or more
of the Company's issued
share capital), be
and is hereby approved. 47,142,476 100% 0 0% 0 47,142,476
----------- ----- ------ --- ----------- -----------
* Percentage of votes cast excludes withheld votes.
** "Vote Withheld" is not a vote in law and is not counted in
the calculation of the proportion of the votes "For" and "Against"
a resolution and is not reflected in the total figures set out
above.
Further to the approval of the changes to the Company's Articles
to permit compulsory redemptions of the Company's shares at the
Board's discretion as a way of returning capital to shareholders,
additional detail will be laid out in a separate announcement with
respect to this mechanism in due course.
For further information please contact:
Africa Opportunity Fund Limited
Francis Daniels
Tel: +2711 684 1528
Liberum (Corporate Broker)
Gillian Martin / Owen Matthews
Tel: +44 20 3100 2000
About Africa Opportunity Fund Limited:
Africa Opportunity Fund Limited ("AOF") is a closed-end
investment company incorporated in the Cayman Islands and traded on
the Specialist Fund Segment of the London Stock Exchange. For more
information about AOF, see www.africaopportunityfund.com
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END
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