AGM Statement
21 Luglio 2010 - 3:09PM
UK Regulatory
TIDMPRDF
Prosperity Russia Domestic Fund Limited ("PRDF" and the "Company")
(a closed-ended investment company incorporated with limited liability under the
laws of Guernsey with registered number 46129)
RESULTS OF THE THIRD ANNUAL GENERAL MEETING
21 July 2010
The Board of Directors of Prosperity Russia Domestic Limited (the "Company") is
pleased to announce that, at the Annual General Meeting held earlier today, that
the following resolutions were approved by shareholders:-
ORDINARY RESOLUTIONS
1. THAT the Directors' report and financial statements for the period ended
31st December 2009 be and are hereby received and adopted.
2. THAT KPMG Channel Islands Limited be and are hereby re-appointed as auditors
of the Company.
3. THAT the Directors be and are hereby authorised to fix the remuneration of
the auditors.
4. THAT the recommendation of the Board for the re-election of Sir David
Kinloch as director be and is hereby approved.
5. THAT the recommendation of the Board for the re-election of Mr Timothy
Henderson as director be and is hereby approved.
6. THAT the Directors be and are hereby authorised to fix the remuneration of
the Directors.
7. THAT the Company be and is hereby generally and unconditionally authorised
to acquire its own shares by way of one or more market purchases in any
manner in accordance with the Companies (Guernsey) Law, 2008, as amended
(the "Law"), provided that:
a. the maximum aggregate number of shares hereby authorised to be acquired
is 14.99 per cent. of the Company's issued ordinary share capital
(rounded down to the nearest whole number) during the period of the
authority hereby conferred;
b. shares may be acquired at any time in which the ordinary shares trade at
a discount to net asset value of greater than 10 per cent. for 20
consecutive business days as determined by the manager of the Company's
assets;
c. the Company shall pay no less than the nominal or par value for an
ordinary share and no more than 5 per cent. above the average of the
middle market quotation as derived from the daily official list of the
London Stock Exchange for the 5 business days immediately preceding the
day on which that ordinary share is acquired;
d. subject to the provisions of the Law, any of the Company's shares so
acquired may be cancelled or held by the Company as treasury shares;
e. unless previously renewed, varied or revoked, the authority hereby
conferred shall expire at the conclusion of the Company's next AGM or
18 months from the date of passing this resolution, if earlier; and
f. the Company may make a contract or contracts to acquire its own shares
under the authority hereby conferred prior to the expiry of such
authority which will or may be executed wholly or partly after the
expiry of such authority and may acquire its own shares in pursuance of
any such contract or contracts.
Enquiries:
Company Secretary
Sharon Wrench
sharon.wrench@kbci.com
00 44 (1) 481 727111
[HUG#1433256]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Prosperity Russia Domestic Fund Limited via Thomson Reuters ONE
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