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RNS Number : 3330O

Phaunos Timber Fund Limited

17 August 2017

Phaunos Timber Fund Limited

("Phaunos" or the "Company")

17 August 2017

Result of Extraordinary General Meeting

The Board of Phaunos announces that at the Extraordinary General Meeting ("EGM") held today at 10:00 hours (UK time) on 17 August 2017, all resolutions were duly passed.

The results of the EGM are shown below:

 
 Ordinary Resolutions                   For       Against   Withheld 
 
 1. To modify the Company's 
  Investment Objective and 
  Policy in the manner described 
  in the Circular dated 1 
  August 2017.                      250,901,527      0         0 
 
 2. To appoint Brendan Hawthorne 
  as a Director with effect 
  from 17 August 2017.              250,896,527    5,000       0 
 
 Special Resolution 
 
 3. Conditional upon the 
  passing of Resolution 1, 
  to approve and adopt the 
  new Articles of Incorporation, 
  in substitute for and to 
  exclusion of the existing 
  Articles of Incorporation.        250,901,527      0         0

Enquiries:

Phaunos Timber Fund Limited (Chairman)

Sir Henry Studholme

Stafford Capital Partners Limited (Manager)

Michael Goodfellow, +44 (0)20 7535 4915

Winterflood Investment Trusts (Corporate Broker)

Joe Winkley, +44 (0)20 3100 0301

Capita Registrars Ltd (Registrar)

Lorraine Lakey, +44 1484 600 959

Media Enquiries:

Phoenix Financial PR

Gordon Puckey: +44 (0) 7799 767468

info@phaunostimber.com

Notes to Editors

Established in 2006, Phaunos Timber Fund Limited ("Phaunos" or "the Company") invests in a concentrated, but diversified portfolio of timberland and timber-related investments.

Phaunos is a Guernsey-domiciled authorised closed-ended investment scheme, authorised by the Guernsey Financial Services Commission under section 8 of The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended) and the Authorised Closed-ended Investment Schemes Rules 2008 made thereunder. The Company's ordinary shares are traded on the Premium Segment of the Main Market of the London Stock Exchange.

   The Company's ticker is PTF.   www.phaunostimber.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

August 17, 2017 11:30 ET (15:30 GMT)

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