REG - AVI Japan Opport.Tst - Announcement of Tender Price

AVI Japan Opportunity TrustAnnouncement

14/01/2026 17:30

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RNS Number : 9448O  AVI Japan Opportunity Trust PLC  14 January 2026

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION IN WHOLE OR IN PART
IN CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE ITS RELEASE, PUBLICATION OR DISTRIBUTION IS OR MAY BE
UNLAWFUL.

 

AVI Japan Opportunity Trust PLC

(the "Company")

 

Announcement of Tender Price

 

Tender Price

 

Further to the Company's announcement of 13 January 2026 regarding the results
of the Tender Offer, the Company today announces that the Tender Price at
which all the Shares validly accepted in the Tender Offer will be acquired is
173.7587 pence per Share.

The Tender Price has been calculated in accordance with the methodology
described in the circular to Shareholders published on 9 December 2025 (the
"Circular"), being a 2 per cent. discount to the NAV per Share at the
Calculation Date less any transaction costs directly associated with realising
assets to satisfy elections under the Tender Offer.

Settlement of the Tender Offer

 

Singer Capital Markets will acquire the 26,899,713 validly tendered Shares
pursuant to the Tender Offer and all the tendered Shares will be held in
treasury.

 

As set out in the Circular, proceeds payable to Shareholders whose tendered
Shares are held through CREST accounts are expected to be paid by 21 January
2026.  Cheques for certificated Shares purchased under the Tender Offer and
balance share certificates in respect of unsold tendered Shares held in
certificated form will be despatched by 28 January 2026.

Capitalised terms shall have the meanings attributed to them in the Circular
unless otherwise defined in this announcement.

14 January 2026

LEI: 894500IJ5QQD7FPT3J73

 

Notice for US Shareholders

 

The Tender Offer relates to securities of a non-US company registered in
England and Wales and with a listing on the London Stock Exchange and is
subject to the disclosure requirements, rules and practices applicable to
companies listed in the United Kingdom, which differ from those of the United
States in certain material respects.  A circular has been prepared in
accordance with UK style and practice for the purpose of complying with the
laws of England and Wales and the rules of the FCA and of the London Stock
Exchange.  The Tender Offer is not subject to the disclosure or other
procedural requirements of Regulation 14D under the US Securities Exchange Act
of 1934, as amended.  The Tender Offer will be made in the United States
pursuant to Section 14(e) of, and Regulation 14E under, the Exchange Act,
subject to the exemptions provided by Rule 14d-1 thereunder, and otherwise in
accordance with the requirements of the rules of the FCA and the London Stock
Exchange.  Accordingly, the Tender Offer will be subject to disclosure and
other procedural requirements that are different from those applicable under
US domestic tender offer procedures and law.  The Company is not listed on an
American securities exchange, is not subject to the periodic reporting
requirements of the Exchange Act and is not required to, and does not, file
any reports with the SEC thereunder.

 

It may be difficult for US shareholders to enforce certain rights and claims
arising in connection with the Tender Offer under US federal securities laws,
because the Company is located outside the United States, and its officers and
directors reside outside the United States. It may not be possible to sue a
non-US company or its officers or directors in a non-US court for violations
of US securities laws.  It also might not be possible to compel a non-US
company or its affiliates to subject themselves to a US court's judgment.

 

To the extent permitted by applicable law and in accordance with normal UK
practice, the Company or Singer Capital Markets or any of their affiliates may
make certain purchases of, or arrangements to purchase, shares of the Company
outside the United States during the period in which the Tender Offer remains
open for acceptance, including sales and purchases of shares effected by
Singer Capital Markets acting as market maker in the shares

 

 

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