REG - Nippon Active Value - Notice of General Meeting

Nippon Active Value FundAnnouncement

20/01/2026 07:00

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RNS Number : 4735P  Nippon Active Value Fund PLC  20 January 2026

Legal Entity Identifier: 213800JOFEGZJYS21P75

Nippon Active Value Fund plc

(the "Company")

Proposed Cancellation of Share Premium Account and

Notice of General Meeting

 

The Company announces that it has today posted a circular to Shareholders (the
"Circular").  The Circular contains a notice of a general meeting (the
"General Meeting") of the Company to be held at 11.00 a.m. on 5 February
2026.

The meeting is being called to propose a resolution to cancel, in its
entirety, the Company's share premium account (the "SPA Cancellation"). As at
16 January 2026 being the latest practicable date prior to the publication of
the Circular, the share premium account had a balance of £239,056,149. The
SPA Cancellation, if approved by shareholders and the Court, will result in a
corresponding increase in the Company's distributable reserves once the
cancellation is registered at Companies House.

As a matter of law, the Company is only permitted to make distributions out of
its distributable reserves. The Board believes it is prudent to create further
distributable reserves for distribution to shareholders as and when it is
deemed appropriate.

Expected timetable

 Latest time and date for receipt of Form of Proxy for the General Meeting  11:00 a.m. on 3 February 2026
 General Meeting                                                            11:00 a.m. on 5 February 2026
 Date of Directions Hearing                                                 18 February 2026
 Date of Confirmation Hearing                                               3 March 2026
 Effective date of SPA Cancellation                                         Expected by 13 March 2026

 

The Circular may be obtained, free of charge, from the registered office of
the Company or be downloaded from www.nipponactivevaluefund.com
(https://protect.checkpoint.com/v2/r02/___http:/www.nipponactivevaluefund.com___.YXAxZTpzaG9yZWNhcDpjOm86ODJmNjEyMmQxYzEzNDE0NDMyNjk4MGI3ZjE2MDJlYzA6NzplNzI5OjgyNzUxYjBiNTJjZWYwMzE1Zjg3ODBiOWUwODc4M2NjMmE4MDBmNWZjYmIzZTRhNjkxYmJhODlkYTkyNjUwMjg6cDpGOk4)
. The content of the website referred to in this announcement is
not incorporated into and does not form part of this announcement.

Capitalised terms used and not otherwise defined herein shall have the same
meaning as in the Circular.

UK Listing Rule 11.2.6

Nippon Active Value Fund plc hereby restates with non-material amendments its
investment restrictions in respect of investment in other investment companies
or investment trusts which are listed on the Official List of the Financial
Conduct Authority (the "Official List").

No more than 10 per cent. in aggregate of the value of the total assets of the
Company may be invested in other listed closed-ended investment funds, except
for those which themselves have stated investment strategies to invest no more
than 15 per cent. of their gross assets in other closed-ended investment funds
which are on the Official List.

Additionally, the Company will itself not invest more than 10% of its gross
assets in other investment companies or investment trusts which are listed on
the Official List. This additional restriction is considered to be a
non-material change to the Company's investment policy.

Enquiries

 Shore Capital                 +44 20 7408 4050
 Gillian Martin / Daphne Zhang / Matthew Walton (Corporate Advisory)

Fiona Conroy (Corporate Broking)
 Peregrine Communications, PR  +44 20 3178 6868

 Bill McIntosh                 bill.mcintosh@peregrinecommunications.com

Alex Gorokhov                (mailto:bill.mcintosh@peregrinecommunications.com)
                               alex.gorokhov@peregrinecommunications.com
                               (mailto:alex.gorokhov@peregrinecommunications.com)

 

NOTES TO EDITORS

About NAVF

Nippon Active Value Fund ("NAVF") is an investment Trust listed on the Main
Market of the London Stock Exchange. The investment advisor of NAVF 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.

 

 

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