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LONDON - Nippon Active Value Fund plc (NAVF) announced Tuesday it has issued 100,000 new ordinary shares as part of a tap issuance at a price of 209 pence per share.
The issue price represents a 0.76% premium to the company’s prevailing net asset value per ordinary share and a 0.24% premium to NAVF’s closing mid-market share price as of Monday, July 21, 2025.
Applications have been submitted to the Financial Conduct Authority for the new shares to be admitted to the Official List and to the London Stock Exchange (LON:LSEG) for trading on its Main Market for listed securities. Admission is expected to become effective around 8:00 a.m. BST on Friday, July 25, 2025.
Following the admission of the new shares, NAVF’s issued ordinary share capital will comprise 189,241,704 ordinary shares with voting rights, with none held in treasury. This figure may be used by shareholders as the denominator for calculations to determine if they need to notify their interest in the company’s share capital under applicable regulations.
The information was disclosed in a press release statement issued by the company.
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