Result of EGM and Related Matters
October 01 2010 - 10:36AM
UK Regulatory
TIDMVOC
RNS Number : 7480T
Vision Opportunity China Fund Ltd
01 October 2010
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART INTO
THE
UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN
1 October 2010
Vision Opportunity China Fund Limited
(the "Company" or "VOC")
Result of EGM and Related Matters
Result of EGM
The Board of Vision Opportunity China Fund Limited (AIM: VOC.L) is pleased to
announce that, at the extraordinary general meeting of the Company held earlier
today, the resolutions approving the proposed cancellation of the Ordinary
Shares trading on AIM and application for admission of such shares to the
Official List and to trading on the Main Market, the Company's restated
investment policy and adopting new articles of incorporation were passed. In
the case of each resolution, votes were received in respect of 49,910,383
Ordinary Shares, representing 75.4 per cent. of the Company's issued share
capital, all of which were in favour of the resolutions.
Resignation of Director
As announced on 10 September 2010, Dr Cohen had advised the Board that he
intended to stand down as a Director upon Shareholders approving the Migration.
The Board confirms that Dr Cohen has resigned as a Director with effect from
today. Dr Cohen will continue to have a close involvement with the Company in
his role as Senior Managing Director and President of VOC's investment manager.
Timetable for Migration
The Board now expects that the prospectus relating to the Company, which is
required in connection with the Migration, will be published during October 2010
and that the Migration will become effective on 1 November 2010. A further
announcement will be made in due course.
For further information, please contact:
Vision Opportunity China Fund Limited Tel: +1 (212) 849
8225
David Benway/Adam Benowitz
www.vocfund.com
Canaccord Genuity Limited Tel: +44 (0)20
7050 6500
Sue Inglis/Guy Blakeney
Financial Dynamics Tel: +44
(0)20 7269 7132
Ed Gascoigne-Pees/Ed Berry
NOTE TO EDITORS
Vision Opportunity China Fund Limited is a closed-ended listed fund traded on
AIM. VOC primarily invests directly in listed companies with operations
principally within Greater China. Greater China is a collective term for the
territories administered by the People's Republic of China, those administered
by the Republic of China and Singapore.
ADDITIONAL NOTES
Words and expressions defined in the announcement released by the Company on 10
September 2010 have the same meanings when used in this announcement.
Canaccord Genuity Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for the
Company and for no one else in relation to the Migration. Canaccord Genuity
will not regard any other person as its client in relation to Migration and will
not be responsible to anyone other than the Company for providing the
protections afforded to clients of Canaccord Genuity or for providing any advice
in relation to the Migration.
This information is provided by RNS
The company news service from the London Stock Exchange
END
REGUAOVRRVARRAA
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