Prosperity Voskhod Fund Limited Statement Re Compulsory Redemption Of Shares
May 13 2014 - 1:00AM
UK Regulatory
TIDMPVF
Prosperity Voskhod Limited (the "Company")
(a closed-ended investment company incorporated with limited liability
under the laws of Guernsey with registered number 45426)
Redemption of Shares
Further to the powers granted to the Board at the Company's
extraordinary general meeting on 21 June 2013, the Company today
announces that $50 million, representing approximately 33.74 per cent.
of the Company's issued share capital, will be returned to shareholders
by way of a compulsory partial redemption of Shares (the "Redemption")
at close of business on 16 May 2014 (the "Redemption Date").
Shares will be redeemed as at the Redemption Date, by reference to the
estimated Net Asset Value per Share as at 30 April 2014 (the "Redemption
Price"). The payment, which will be made to Shareholders on or around 28
May 2014, will represent $1.13 per Share to be redeemed.
The Redemption will be effected pro rata to the holdings of Shares on
the register at the close of business on the Redemption Date (which is
the record date for the purposes of the Redemption), being 16 May 2014.
Fractions of Shares will not be redeemed and so the number of Shares to
be redeemed for each Shareholder will be rounded down to the nearest
whole number of Shares.
All of the Shares redeemed on the Redemption Date will be cancelled.
Shareholders who wish to receive their redemption proceeds in Sterling
should contact Capita Asset Services as soon as possible on 0871 664
0321 to request a currency election form. The currency election form
must be returned to Capita by 16 May 2014 in order to receive Sterling.
The Shares will all be disabled in CREST after close of business on the
Redemption Date and the existing ISIN number GG00BJ0JSK51 (the "Old
ISIN") will expire.
The new ISIN number GG00BMJJHH70 (the "New ISIN") in respect of the
remaining Shares which have not been redeemed will be enabled and
available for transactions from and including 19 May 2014. Up to and
including the Redemption Date, Shares will be traded under the Old ISIN
and as such, a purchaser of such Shares would have a market claim for a
proportion of the redemption proceeds. CREST will automatically
transform any open transactions as at the Redemption Date into the New
ISIN.
Expected timetable:
Record Date, Redemption Date, expiry of old (close of business) 16 May 2014
ISIN number.
New ISIN enabled, Crest Accounts credited. 19 May 2014
Redemption monies paid (on or around) 28 May 2014
As shareholders will be aware, the Company's annual general meeting and
the extraordinary general meeting to approve the cancellation of the
Company's admission to trading on AIM will be held at 10.30 a.m. and
11.00 a.m., respectively, on 29 May 2014. Shareholders may submit a form
of proxy or submit a CREST proxy instruction by 10.30 a.m. and 11.00
a.m., respectively, on 27 May 2014. As a number of Shares will be
redeemed pursuant to the Redemption and a New ISIN enabled, the Board
would encourage Shareholders to submit their form of proxy or CREST
proxy instruction following 19 May 2014.
Enquiries:
The Chairman
Julian Reid
Tel: +34 622 2468 50
Kleinwort Benson (Channel Islands) Fund Services Limited
Secretary
Tel: +44 (0) 1481 710607
Prosperity Capital Management Limited
Richard Hastings
Tel: +1 345 745 8500
Email: rh@prosperitycapital.com
Prosperity Capital Management (UK) Limited
Akshay Bhutiani
Tel: +44 20 7299 6950
Email: akb@prosperitycapital.com
Cenkos Securities plc (NOMAD)
Will Rogers Tel: 0207 397 1920
Stephen Keys Tel: 0207 397 8926
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Prosperity Voskhod Fund Limited via Globenewswire
HUG#1784713
http://prosperitycapital.com/PVF
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