RCS - Nippon Active Value - NAVF notes RSM letter to ASKA Pharma

Nippon Active Value FundAnnouncement

07/07/2025 17:45

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RNS Number : 0595Q  Nippon Active Value Fund PLC  07 July 2025

07 July 2025

Nippon Active Value Fund plc

("NAVF" or the "Company")

NAVF notes RSM letter to ASKA Pharma

NAVF, which targets attractive levels of capital growth from the active
management of a focused portfolio of Japanese equity investments, notes the
following letter from Rising Sun Management to Aska Pharmaceutical Holdings Co
complaining about the company's "Policy for Responding to Large-Scale Purchase
Actions" that has recently been adopted. The 'concert party' of Nippon Active
Value Fund PLC, NAVF Select LLC and Dalton Investments, Inc. collectively
currently own 6,132,100 shares of ASKA Pharma, comprising 21.6% of the total
with voting rights and are the company's largest shareholder.

View Document ->

https://www.nipponactivevaluefund.com/wp-content/uploads/2025/07/RSM-letter-to-ASKA-Pharmaceutical-7Jul25-Clean-wo-price.pdf
(https://www.nipponactivevaluefund.com/wp-content/uploads/2025/07/RSM-letter-to-ASKA-Pharmaceutical-7Jul25-Clean-wo-price.pdf)

Dalton Investments LLC, NAVF Select LLC and Rising Sun Management Ltd (RSM),
the adviser to Nippon Active Value Fund (NAVF), all of which have as their
CIO, Jamie Rosenwald III, and other directors in common, frequently act
together 'in concert' in holding specific Japanese investments. In addition,
the Tokyo office of Dalton Advisory KK provides investment research services
to RSM and NAVF.

ends

Enquiries:

 

 Shore Capital                                      +44 207 408 4050
 Gillian Martin, Lucy Bowden - Corporate Advisory
 Fiona Conroy - Corporate Broking

 Peregrine Communications                           +44 203 178 6868
 Bill McIntosh/ Alex Gorokhov/Larkin Corr - Media

 NSM Funds                                          +44 203 697 5772
 Brian Smith/ Ciara McKillop - Company Secretary

 

 

NOTES TO EDITORS

About NAVF

Nippon Active Value Fund ("NAVF") is an Investment Trust listed on the London
Stock Exchange. The investment advisor of the Fund is Rising Sun Management
Limited. NAVF is targeting attractive levels of capital growth for
shareholders from the active management of a focused portfolio of
(predominantly) quoted Japanese equity investments. Rising Sun Management
Limited, with its local presence in Tokyo targets companies which are
attractive, undervalued and have a substantial proportion of their market
capitalisation held in cash and/or listed securities and/or realisable assets.

For further information visit: www.nipponactivevaluefund.com
(https://www.nipponactivevaluefund.com/)

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