REG-Fidelity Japan Trust Plc: Approval of reclassification of Shares

Fidelity Japan TrustAnnouncement

25/11/2025 11:45

25 November 2025           

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA, IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC
AREA OR IN ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

This announcement is not an offer to sell, or a solicitation of an offer to
acquire, securities in any jurisdiction in which the same would be unlawful.
Neither this announcement nor any part of it shall form the basis of or be
relied on in connection with or act as an inducement to enter into any
contract or commitment whatsoever.

 

Fidelity Japan Trust PLC ("FJV" or the "Company")

Approval of reclassification of Shares

 

In connection with the recommended proposals for the combination of the
Company with AVI Japan Opportunity Trust plc ("                     AJOT      
             "), to be effected by way of a scheme of reconstruction and
members' voluntary winding up of the Company under section 110 of the
Insolvency Act (the "                     Scheme                    ") and
further to the Company's announcement on 10 November 2025 regarding the
results of Shareholder Elections pursuant to the Scheme, the Board announces
that, in accordance with the terms of the Scheme, the reclassification of the
Company's Shares has been approved by the Board. The Shares shall be
reclassified as follows, effective from 8.00 a.m. tomorrow, 26 November 2025:
*            77,353,152 Shares / 68 per cent. of issued Shares will be
reclassified as Reclassified Shares with "A" rights, being the right to
receive New AJOT Shares; and
 
*            36,324,714 Shares / 32 per cent. of issued Shares will be
reclassified as Reclassified Shares with "B" rights, being the right to
receive cash.
The FCA and the London Stock Exchange have approved the reclassification of
Shares for listing purposes. The listing of, and dealings in, the Reclassified
Shares are expected to be suspended at 7.30 a.m. on 27 November 2025. Holders
of Reclassified Shares with "A" rights are expected to be issued with AJOT
Shares on 28 November 2025.

Defined terms used in this announcement have the meanings given in the
Company's circular to Shareholders dated 14 October 2025 (the "               
     Circular                    "). The Circular is available for viewing at
the National Storage Mechanism which can be located at                       
                    https://data.fca.org.uk/#/nsm/nationalstoragemechanism    
                                     and on the Company's website at         
                        https://www.fidelity.co.uk/Japan                      
        .

For further information please contact:

 Fidelity Japan Trust PLC   David Graham (Chairman)  George Bayer (Company Secretary)  Via Stifel                 
 Stifel   Edward Gibson-Watt  Andrew Yeo                                               Tel. +44 (0) 20 7710 7600  
                                                                                                                  

Legal Entity Identifier

549300ND695NEJ5GPI72

 



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