REG - Nippon Active Value - Result of AGM

Nippon Active Value FundAnnouncement

05/06/2025 16:30

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RNS Number : 6795L  Nippon Active Value Fund PLC  05 June 2025

LEI: 213800JOFEGZJYS21P75

 

5 June 2025

 

Nippon Active Value Fund plc

Result of Annual General Meeting ("AGM")

 

Nippon Active Value Fund plc (the "Company") is pleased to announce that all
of the resolutions put forward at its AGM held earlier today were passed.

 

The text of all the resolutions is contained in the notice of meeting in the
Company's Annual Report for the year ended 31 December 2024.

 

The proxy votes received were as follows:

 

 Resolution                                                                      In Favour / Discretionary             Against                         Withheld*
                                                                                 Votes                  %              Votes                   %       Votes
 1.       To receive the Company's Annual Report and Accounts for the                  87,876,537       100.00%                 2,102          0.00%               31,236
 year ended 31 December 2024 (the "Annual Report").
 2.       To approve the Directors' Remuneration Report included in the                87,717,166       99.86%              118,980            0.14%               73,729
 Annual Report.
 3.       To receive and adopt the Remuneration Policy included in the                 87,684,046       99.82%              155,277            0.18%               70,552
 Directors' Remuneration Report.
 4.       To re-elect Alicia Ogawa as a director of the Company.                       87,782,133       99.92%                69,184           0.08%               58,558
 5.       To re-elect Ayako Weissman as a director of the Company.                     87,813,224       99.96%                38,093           0.04%               58,558
 6.       To re-elect Chetan Ghosh as a director of the Company.                       87,768,380       99.91%                79,780           0.09%               61,715
 7.       To re-elect Rachel Hill as a director of the Company.                        84,590,383       96.30%           3,248,278             3.70%               71,214
 8.       To re-elect Rosemary Morgan as a director of the Company.                    77,869,055       88.64%           9,979,105             11.36%              61,715
 9.       To re-elect Claire Boyle as a director of the Company.                       87,759,821       99.90%                88,339           0.10%               61,715
 10.    To re-appoint BDO LLP as auditor to the Company.                               87,805,875       99.93%                57,394           0.07%               46,606
 11.    To authorise the Directors to fix the remuneration of the auditor              87,793,519       99.92%                70,277           0.08%               46,079
 until the conclusion of the next Annual General Meeting of the Company.
 12.    To approve the continuation of the Company as presently constituted.           87,874,738       99.99%                  9,810          0.01%               25,327
 13.    To authorise the Directors to declare and pay all dividends of the             87,888,445       100.00%                 2,102          0.00%               19,328
 Company as interim dividends.
 14.    To authorise the Directors to allot relevant securities under                  87,792,901       99.93%                61,790           0.07%               55,184
 section 551 of the Companies Act 2006.
 15.    To authorise the Directors to disapply pre-emption rights under                78,286,843       89.14%           9,542,616             10.86%              80,416
 sections 570 and 573 of the Companies Act 2006.
 16.    To authorise the Directors additional authority to allot relevant              87,681,736       99.80%              172,073            0.20%               56,066
 securities.
 17.    To authorise the Directors to disapply pre-emption rights under                78,278,737       89.13%           9,549,851             10.87%              81,287
 sections 570 and 573 of the Companies Act 2006.
 18.    To authorise the Company to make market purchases of its own                   87,831,931       99.94%                51,534           0.06%               26,410
 ordinary shares.
 19.    To authorise that General Meetings, other than Annual General                  87,627,223       99.71%              251,923            0.29%               30,729
 Meetings, may be called on 14 clear days' notice.

 

*A vote withheld is not a vote in law and is therefore not counted towards the
proportion of votes "For" or "Against" the relevant resolution.

 

At the time of the above meeting, the Company's issued share capital was
189,141,704 Ordinary Shares and this is the total number of Ordinary Shares
with voting rights in the Company.

 

The full text for each resolution is contained in the notice of Annual General
Meeting, a copy of which is available on the Company's website at
https://www.nipponactivevaluefund.com/
(https://www.nipponactivevaluefund.com/) .

 

Copies of all the resolutions passed, other than ordinary business, will be
submitted to the National Storage Mechanism and will shortly be available for
inspection at: (https://data.fca.org.uk/#/nsm/nationalstoragemechanism)
National Storage Mechanism | FCA
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

 

 Enquiries:

 NSM Funds (UK) Limited

 Ciara McKillop / Brian Smith   +44 (0)20 3697 5770

 

Note: The content of the Company's webpages and the content of any website or
pages which may be accessed through hyperlinks on the Company's webpages,
other than the content of the Annual Report referred to above, is neither
incorporated into nor forms part of the above announcement.

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