15th Nov 2021 12:24
Nippon Active Value Fund PLC - targets capital growth from active management of investments in Japanese small-cap stock - Says previously announced programme to issue up to 300 million new shares will be priced at a 1.5% to net asset value. The NAV figure will be taken on Monday next week. NAV per share at half-year end on June 30 was 123.20 pence. The programme with include a retail offer via the PrimaryBid platform at the same price and worth up to the sterling equivalent of EUR8 million. The first admission of new shares is expected on November 26.
Current stock price: 141.50 pence, down 2.4% on Monday
Year-to-date change: up 33%
By Tom Waite; [email protected]
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