21st Apr 2005 11:19
Progressive Euro Alt. Portfolio Ltd21 April 2005 Results of EGM The resolution to authorise the change of investment objective, the change ofmanagement arrangements, the change of the name of the Company to Advance FocusFund Limited, to authorise the directors to allot shares pursuant to the Placingand subsequently for cash and the amendment of the Articles of Association allas described in the circular dated 18 March 2005 was approved by shareholdersearlier today. The change of name to Advance Focus Fund Limited is expected tobecome effective on 6 May 2005. The NAV per Share at 18 April 2005 is 110.67 p. Accordingly, the Placing Price,calculated as described in the circular, is 111.79 p. The Company expects to announce the results of the Placing by 25 April 2005 anddealings in the New Shares are expected to commence on 27 April 2005. 21 April 2005 Enquiries: Progressive European Markets Limited 020 7556 5530James Carthew Marshall Securities Limited 020 7490 3788Gary Pinkerton/John Webb Notes:Capitalised terms have the same meaning as that used in the circular dated 18March 2005. Following the name change the stock exchange ticker will change from "PSVA" to"ADF". This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ADF Facilities