Issue of Equity
Summary by AI BETAClose X
20 August 2025
Nippon Active Value Fund plc
("NAVF" or the "Company")
LEI: 213800JOFEGZJYS21P75
Issue of Equity
The Company announces that it has today issued 1,093,282 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 225.9 pence per Ordinary Share, presenting a 0.77% premium to the prevailing net asset value per Ordinary Share and 1.07% premium to the Company's closing mid-market share price as at 19 August 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 27 August 2025.
Total voting rights
Following Admission of the New Shares, the Company's issued ordinary share capital will comprise 190,654,986 Ordinary Shares, with none held in treasury, and therefore, the total number of Ordinary Shares in the Company with voting rights will be 190,654,986. 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 Company Secretary - Brian Smith / Ciara McKillop |
+44 (0) 20 3697 5770 |
|
Shore Capital Corporate Advisory - Gillian Martin / Daphne Zhang / Matthew Walton Corporate Broking - Fiona Conroy Sales - Adam Gill / William Sanderson |
+44 (0) 207 408 4050
|
|
Peregrine Communications Bill McIntosh / Alex Gorokhov |
+44 (0)203 178 6868 |
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