Nippon Active Value Fund PLC Result of General Meeting (0943N)

TIDMNAVF

RNS Number : 0943N

Nippon Active Value Fund PLC

20 September 2023

LEI: 213800JOFEGZJYS21P75

20 September 2023

Nippon Active Value Fund plc

Result of General Meeting

Nippon Active Value Fund plc (the "Company") at the General Meeting of the Company held earlier today, all resolutions, as outlined in the Notice of General Meeting were passed.

The proxy votes received were as follows:

 
 Resolution                                                                   For              Against       Withheld* 
                                                                            Votes       %     Votes      %       Votes 
                                                                      -----------  ------  --------  -----  ---------- 
 1. The revised Investment Policy is approved and adopted to the 
  exclusion of the Company's 
  current Investment Policy with immediate effect.                     36,253,915   99.70   108,579   0.30      45,752 
                                                                      -----------  ------  --------  -----  ---------- 
 2. To authorise the Directors to allot relevant securities under 
  s551 of the Companies Act 
  2006 t o shareholders of AJIT in connection with the scheme of 
  reconstruction and winding 
  up of AJIT, provided that this authority will (unless previously 
  revoked) expire on 31 December 
  2023.                                                                36,353,915   99.98     8,579   0.02      45,752 
                                                                      -----------  ------  --------  -----  ---------- 
 3. To authorise the Directors to allot relevant securities under 
  s551 of the Companies Act 
  2006 to shareholders of AJG in connection with the scheme of 
  reconstruction and winding up 
  of AJG, provided that this authority will (unless previously 
  revoked) expire on 31 December 
  2023.                                                                36,353,915   99.98     8,579   0.02      45,752 
                                                                      -----------  ------  --------  -----  ---------- 
 4. To authorise the Directors to allot relevant securities under 
  s551 of the Companies Act 
  2006 under a Placing Programme.                                      36,329,915   99.91    32,579   0.09      45,752 
                                                                      -----------  ------  --------  -----  ---------- 
 5. To authorise the Directors to disapply pre-emption rights under 
  sections 570 and 573 of 
  the Companies Act 2006.                                              36,309,474   99.92    29,020   0.08      69,752 
                                                                      -----------  ------  --------  -----  ----------

*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "For" or "Against" the resolution.

At the time of the above meeting, the Company's issued share capital was 113,021,433 Ordinary Shares and this is the total number of Ordinary Shares with voting rights in the Company.

The full text for each resolution is contained in the Notice of General Meeting incorporated in the Circular dated 1 September 2023, a copy of which is available on the Company's website at https://www.nipponactivevaluefund.com/ .

In accordance with LR9.6.2R, copies of all the resolutions passed other than resolutions concerning ordinary business will be submitted to the National Storage Mechanism website and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

 
 Enquiries: 
 Maria Matheou / Sylvanus Cofie 
  Apex Listed Companies Services 
  (UK) Limited                      0203 327 9720

Note: The content of the Company's web-pages and the content of any website or pages which may be accessed through hyperlinks on the Company's web-pages, other than the content of the Annual Report referred to above, is neither incorporated into nor forms part of the above announcement.

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September 20, 2023 07:02 ET (11:02 GMT)

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