Nippon Active Value Fund PLC Result of AGM

RNS Number : 6538R

Nippon Active Value Fund PLC

07 June 2024

LEI: 213800JOFEGZJYS21P75

7 June 2024

Nippon Active Value Fund plc

Result of Annual General Meeting ("AGM")

Nippon Active Value Fund plc (the "Company") at the AGM of the Company held on 6 June 2024, all resolutions, as outlined in the Notice of AGM were passed.

The proxy votes received were as follows:

Resolution	For		Against		Withheld*
Resolution	Votes	%	Votes	%	Votes
1. To receive the Company's Annual Report and Accounts for the year ended 31 December 2023 (the "Annual Report").	55,406,389	99.67	871	0.00	65,344
2. To approve the Directors' Remuneration Report included in the Annual Report.	55,329,169	99.49	99,479	0.18	36,953
3. To re-elect Alicia Ogawa as a director of the Company.	55,415,180	99.61	36,434	0.07	20,990
4. To re-elect Ayako Weissman as a director of the Company.	55,367,881	99.52	83,733	0.15	20,990
5. To re-elect Chetan Ghosh as a director of the Company.	55,360,466	99.51	91,148	0.16	20,990
6. To re-elect Rachel Hill as a director of the Company.	55,436,470	99.65	15,144	0.03	20,990
7. To re-elect Rosemary Morgan as a director of the Company.	55,436,470	99.65	15,144	0.03	20,990
8. To elect Claire Boyle as a director of the Company.	55,430,833	99.64	19,958	0.04	21,410
9. To elect Noel Lamb as a director of the Company.	55,355,618	99.50	95,474	0.17	20,539
10. To re-appoint BDO LLP as auditor to the Company.	55,362,663	99.51	90,426	0.16	19,515
11. To authorise the Directors to fix the remuneration of the auditor until the conclusion of the next Annual General Meeting of the Company.	55,417,671	99.60	42,034	0.08	12,899
12. To authorise the Directors to declare and pay all dividends of the Company as interim dividends.	55,423,360	99.60	42,852	0.08	6,392
13. To authorise the Directors to allot relevant securities under section 551 of the Companies Act 2006.	55,396,443	99.58	53,648	0.10	22,513
14. To authorise the Directors to disapply pre-emption rights under sections 570 and 573 of the Companies Act 2006.	55,314,261	99.44	130,592	0.23	26,111
15. To authorise the Directors additional authority to allot relevant securities.	55,253,352	99.51	89,931	0.16	129,321
16. To authorise the Company to disapply pre-emption rights for an additional ten per cent for transactions which the Board determines to be an acquisition or other capital investment.	55,315,402	99.42	142,678	0.26	14,524
17. To authorise the Company to make market purchases of its own ordinary shares.	49,953,663	89.77	5,510,907	9.90	6,393
18. To authorise that General Meetings, other than Annual General Meetings, may be called on 14 clear days' notice.	55,248,691	99.28	216,300	0.39	5,973

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

At the time of the above meeting, the Company's issued share capital was 189,141,704 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 Annual General Meeting, 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:

Mimi Ajibadé / Sylvanus Cofie

Apex Listed Companies Services (UK) Limited

020 3327 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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