LONDON (Alliance News) - Atlantis Japan Growth Fund Ltd said Monday it lodged 2.9 million shares for redemption, representing a 5.9% stake in the company.
However, the company said that under the terms of the the redemption facility, total redemptions are limited to 5% of the issued share capital of the company.
Therefore, only 2.4 million shares have been accepted for redemption. Following redemption, there are now 46.3 million shares in issue and 4.2 million shares held in treasury.
Shares in Atlantis Japan Growth Fund were trading marginally down at 223.00 pence each on Monday.