Nippon Active Value Fund issues 320,000 new shares at premium

Published 23/07/2025, 17:42
Nippon Active Value Fund issues 320,000 new shares at premium

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.