21st Apr 2009 07:00
Japan Residential Investment Company Limited ("the Company")
Annual Report and Notice of AGM
Japan Residential Investment Company Limited (AIM: JRIC), advises shareholders that the Annual Report & Accounts of the Company for the year ended 30 November 2008 were posted to shareholders yesterday.
The Annual Report & Accounts includes a notice of the Annual General Meeting of the Company ("AGM") to be held at the registered office of the Company, Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 4NA on Thursday, 14 May 2009 at 12:00 noon.
Shareholders will be required to vote on all the resolutions to be proposed at the AGM. These resolutions are set out below:
Ordinary Business
1. To receive and adopt the Financial Statements and Directors' Report for the year ended 30 November 2008
2. To re-elect Mr Raymond Apsey as a director of the Company
3. To re-elect Mr Ian Hawksworth as a director of the Company
4. To re-appoint Ernst & Young LLP as auditors of the Company
5. To authorise the directors to fix the remuneration of the Company's auditors
Special Resolution
6. That the Company generally be and is hereby authorised for the purposes of The Companies (Guernsey) Law, 2008 (the "Law") to make market purchases (as defined in the Law) of the Shares provided that:
i. The maximum number of Shares hereby authorised to be purchased shall be 15% of the Company's issued share capital;
ii. The minimum price (exclusive of expenses) which may be paid for such shares is £0.10 per Share;
iii. The maximum price (exclusive of expenses) payable by the Company which may be paid for Shares shall be 5% above the average of the middle market quotations taken from the AIM appendix to the London Stock Exchange Daily Official List on each of the five business days before the purchase is made;
iv. The authority hereby conferred shall (unless previously renewed or revoked) expire at the earlier of the end of the Company's next annual general meeting or in eighteen (18) months;
v. The Company may make a contract to purchase its own shares under the authority hereby conferred prior to the expiry of such authority which will or may be executed or wholly or partly after the expiry of such authority, and may make a purchase of its own shares in pursuance of any such contract; and
vi. The purchase price may be paid by the Company to the fullest extent permitted by the Law.
Enquiries:
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K.K. Halifax Asset Management
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Alec Menikoff
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+81 (0)3 5408 8784
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Fairfax I.S. PLC
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John Korwin-Szymanowski
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+44 (0)20 7460 4376
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Smith & Williamson Corporate Finance Limited
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Azhic Basirov
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+44 (0)20 7131 4000
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21 April 2009
Related Shares:
JRIC.L