Result of General Meeting

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 to 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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