Result of AGM

Nippon Active Value Fund PLC

08 June 2023

 

LEI: 213800JOFEGZJYS21P75

8 June 2023

Nippon Active Value Fund plc

Result of Annual General Meeting

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

The proxy votes received were as follows:

Resolution	For		Against		Withheld*
	Votes	%	Votes	%	Votes
1.       To receive the Company's Annual Report and Accounts for the year ended 31 December 2022 (the "Annual Report").	46,446,292	100.00	0	0.00	0
2.       To approve the Directors' Remuneration Report included in the Annual Report.	46,438,548	99.99	2,744	0.01	5,000
3.       To re-elect Chetan Ghosh as a director of the Company.	46,446,292	100.00	0	0.00	0
4.       To re-elect Rachel Hill as a director of the Company.	46,446,292	100.00	0	0.00	0
5.       To re-elect Rosemary Morgan as a director of the Company.	46,446,292	100.00	0	0.00	0
6.       To re-elect Alicia Ogawa as a director of the Company.	46,446,292	100.00	0	0.00	0
7.       To re-elect Ayako Weissman as a director of the Company.	46,446,292	100.00	0	0.00	0
8.       To re-appoint BDO LLP as auditor to the Company.	46,446,292	100.00	0	0.00	0
9.       To authorise the Directors to fix the remuneration of the auditor until the conclusion of the next Annual General Meeting of the Company.	46,446,292	100.00	0	0.00	0
10.    To authorise the Directors to declare and pay all dividends of the Company as interim dividends.	46,446,292	100.00	0	0.00	0
11.    To authorise the Directors to allot relevant securities under section 551 of the Companies Act 2006.	46,446,292	100.00	0	0.00	0
12.    To authorise the Directors to disapply pre-emption rights under sections 570 and 573 of the Companies Act 2006.	46,444,542	100.00	0	0.00	1,750
13.    To authorise the Company to make market purchases of its own ordinary shares.	46,441,292	99.99	5,000	0.01	0
14.    To authorise that General Meetings, other than Annual General Meetings, may be called on 14 clear days' notice.	46,445,577	100.00	715	0.00	0

*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 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:
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.

 

END