Block Listing Application

Summary by AI BETAClose X

Nippon Active Value Fund plc has applied for a block listing of 15,000,000 ordinary shares with a par value of 1p each. These shares are intended for admission to the Official List of the Financial Conduct Authority and trading on the London Stock Exchange's main market. The new shares will rank equally with the company's existing ordinary shares. These shares will be issued over time based on investor demand, provided the issue price is above the prevailing net asset value per share. The block listing is expected to become effective around September 10, 2025. Currently, the company has 190,654,986 ordinary shares in issue, with no ordinary shares held in treasury.

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