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LONDON - Nippon Active Value Fund plc (NAVF) announced on Wednesday it has issued 1,093,282 new ordinary shares at 225.9 pence per share through a tap issuance.
The issue price represents a 0.77% premium to the company’s current net asset value per share and a 1.07% premium to NAVF’s closing mid-market share price as of Tuesday, August 19, 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. The company expects admission to become effective and trading to commence around 8:00 a.m. BST on August 27, 2025.
Following the admission of these new shares, NAVF’s issued ordinary share capital will consist of 190,654,986 ordinary shares, with none held in treasury. This figure may be used by shareholders as the denominator for calculations to determine if they are required to notify their interest in the company’s share capital under applicable regulations.
The information in this article is based on a press release statement from the company.
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