22 December 2009
The Value Catalyst Fund Limited ("the Company")
Result of Annual General Meeting
The Company announces that at its Annual General Meeting held, today, all the
resolutions, as set out below were duly passed.
Resolution 1 - To approve the minutes of the Annual General Meeting held on
10 December 2008.
Resolution 2 - To adopt the financial statements, the directors and auditors
reports for the year ended 30 June 2009
Resolution 3 - To approve the declaration of a capitalisation in lieu of a
final dividend of US$0.07 per Ordinary Share which will be payable on
23 December 2009.
Resolution 4 - To re-appoint Mr C Kingsnorth as a director of the Company
who is due to retire by rotation.
Resolution 5 - To re-appoint Mr J Bourbon as a director of the Company, who
is due to retire by rotation.
Resolution 6 - To re-appoint KPMG Audit LLC as auditors of the Company and
to authorise the directors to fix their remuneration for the year
ending 30 June 2009.
Resolution 7 - To authorise the Directors to allot Ordinary Shares for cash
up to a nominal value of $506.84.
Resolution 8 - To authorise the Directors to allot Ordinary Shares for cash
on a non pre-emptive basis up to a nominal value of $152.05.
Following the approval of Resolution 3,the new Ordinary shares to be issued to
shareholders in lieu of a final dividend will be issued on or around 30 December
2009. The number of Ordinary Shares to be issued to shareholders will be
calculated based on the net asset value as at 24 December 2009. Application has
been made for such shares to be admitted to trading on the 31 December 2009.
Azhic Basirov / Siobhan Sergeant
Smith & Williamson Corporate Finance Limited
Tel +44 (0)20 7131 4000