PEJR Prospect EP.

 

TIDMPEJR 
 
RNS Number : 2498W 
Prospect Epicure J-REIT Val Fd PLC 
24 July 2009 
 

24 July 2009 
Prospect Epicure J-REIT Value Fund PLC (the "Company") 
Result of EGM and AGM 
 
 
Further to the statement made by the Company on 25 June 2009, the Company 
announces that, at the Extraordinary General Meeting which took place yesterday, 
all the special resolutions proposed to facilitate a return of capital to 
shareholders, comprising a change of investment policy so that the Company will 
become a realisation fund, the re-registration of the Company under the Isle of 
Man Companies Act 2006, the adoption of a new memorandum and articles of 
association and the adoption of a capital return scheme, were duly passed. 
The Company further announces that, at its Annual General Meeting also held 
yesterday in the Isle of Man, all the resolutions were duly passed. 
As a result of the Company now operating as a realisation fund, the Board has 
instructed the Investment Manager and the Investment Adviser to draw up 
proposals to realise the Company's investment portfolio. In view of the 
illiquidity of certain of the Company's holdings, as explained in the circular 
to shareholders dated 18 June 2009, the timing of the realisation process and, 
therefore, distributions to shareholders under the capital return scheme, is 
uncertain.  However, the Company expects to make an initial return of capital to 
shareholders contemporaneously with the publication of the Company's interim 
results for the period ending 30 June 2009. 
Beginning in August, the Company will publish Net Asst Values on a monthly 
basis, as at the last business day of each month and including details of its 
two components of overall residual portfolio holdings and cash, net of 
liabilities and provisions. 
 
 
 
 
 
 
For further information 
 
 
+---------------------------------------+---------------------------------------+ 
| Prospect Epicure J-REIT Value Fund plc - +41 (0) (22) 908 1190                | 
| Leonard O'Brien                                                               | 
|                                                                               | 
+-------------------------------------------------------------------------------+ 
| Panmure Gordon - +44 (0) 20 7459 3600 |                                       | 
|                                       |                                       | 
| Richard Gray                          |                                       | 
| Andrew Potts                          |                                       | 
+---------------------------------------+---------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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