REG - Nippon Active Value - Issue of Equity

Nippon Active Value FundAnnouncement

23/07/2025 17:45

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RNS Number : 3096S  Nippon Active Value Fund PLC  23 July 2025

23 July 2025

Nippon Active Value Fund plc

("NAVF" or the "Company")

LEI: 213800JOFEGZJYS21P75

 

Issue of Equity

 

The Company announces that it has today issued 320,000 of its ordinary shares
("New Shares") of 1 pence each ("Ordinary Shares") pursuant to tap issuance.
The Ordinary Shares were issued at a price of 209 pence per Ordinary Share,
presenting a 0.83% premium to the prevailing net asset value per Ordinary
Share and 0.48% premium to the Company's closing mid-market share price as at
22 July 2025.

 

Admission

 

Applications are being made to the Financial Conduct Authority for the New
Shares to be admitted to the Official List and to the London Stock Exchange
for the New Shares to be admitted to trading on its Main Market for listed
securities ("Admission"). It is anticipated that Admission will become
effective, and that dealings in the New Shares will commence at or around 8.00
a.m. BST on 29 July 2025.

 

Total voting rights

 

Following Admission of the New Shares, the Company's issued ordinary share
capital will comprise 189,561,704 Ordinary Shares, with none held in treasury,
and therefore, the total number of Ordinary Shares in the Company with voting
rights will be 189,561,704. This figure may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the applicable legal and
regulatory requirements.

 

 

ENDS

 

Enquiries:

 

 NSM Funds (UK) Limited                                                +44 (0) 20 3697 5770

 Company Secretary - Brian Smith / Ciara McKillop                      NAVF@nsm.group
 Shore Capital                                                         +44 (0) 207 408 4050

 Corporate Advisory - Gillian Martin / Daphne Zhang / Matthew Walton

 Corporate Broking - Fiona Conroy

 Sales - Adam Gill / William Sanderson
 Peregrine Communications                                              +44 (0)203 178 6868

 Bill McIntosh / Alex Gorokhov

 

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