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LONDON - Nippon Active Value Fund plc (NAVF) announced Wednesday it has issued 320,000 new ordinary shares at 209 pence per share through a tap issuance.
The shares were issued at a 0.83% premium to the company’s prevailing net asset value per share and a 0.48% premium to its closing mid-market share price as of Tuesday.
Applications have been made 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 July 29, 2025.
Following the admission of the new shares, NAVF’s issued ordinary share capital will comprise 189,561,704 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 company press release statement.
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