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Nippon Active Value Fund plc held its Annual General Meeting on June 5, 2025, where all 19 proposed resolutions were passed. These resolutions included the re-election of its directors and the re-appointment of BDO LLP as auditor. Based on an issued share capital of 189,141,704 ordinary shares with voting rights, the "In Favour" votes for the resolutions ranged from 88.64% to 100%.
| Date | 5 Jun 2025 |
| Time | 16:29:07 |
| Category | AGMs and other meetings |
| ID | 6795L |
LEI: 213800JOFEGZJYS21P75
5 June 2025
Nippon Active Value Fund plc
Result of Annual General Meeting ("AGM")
Nippon Active Value Fund plc (the "Company") is pleased to announce that all of the resolutions put forward at its AGM held earlier today were passed.
The text of all the resolutions is contained in the notice of meeting in the Company's Annual Report for the year ended 31 December 2024.
The proxy votes received were as follows:
|
Resolution |
In Favour / Discretionary |
Against |
Withheld* |
||
|
Votes |
% |
Votes |
% |
Votes |
|
|
1. To receive the Company's Annual Report and Accounts for the year ended 31 December 2024 (the "Annual Report"). |
87,876,537 |
100.00% |
2,102 |
0.00% |
31,236 |
|
2. To approve the Directors' Remuneration Report included in the Annual Report. |
87,717,166 |
99.86% |
118,980 |
0.14% |
73,729 |
|
3. To receive and adopt the Remuneration Policy included in the Directors' Remuneration Report. |
87,684,046 |
99.82% |
155,277 |
0.18% |
70,552 |
|
4. To re-elect Alicia Ogawa as a director of the Company. |
87,782,133 |
99.92% |
69,184 |
0.08% |
58,558 |
|
5. To re-elect Ayako Weissman as a director of the Company. |
87,813,224 |
99.96% |
38,093 |
0.04% |
58,558 |
|
6. To re-elect Chetan Ghosh as a director of the Company. |
87,768,380 |
99.91% |
79,780 |
0.09% |
61,715 |
|
7. To re-elect Rachel Hill as a director of the Company. |
84,590,383 |
96.30% |
3,248,278 |
3.70% |
71,214 |
|
8. To re-elect Rosemary Morgan as a director of the Company. |
77,869,055 |
88.64% |
9,979,105 |
11.36% |
61,715 |
|
9. To re-elect Claire Boyle as a director of the Company. |
87,759,821 |
99.90% |
88,339 |
0.10% |
61,715 |
|
10. To re-appoint BDO LLP as auditor to the Company. |
87,805,875 |
99.93% |
57,394 |
0.07% |
46,606 |
|
11. To authorise the Directors to fix the remuneration of the auditor until the conclusion of the next Annual General Meeting of the Company. |
87,793,519 |
99.92% |
70,277 |
0.08% |
46,079 |
|
12. To approve the continuation of the Company as presently constituted. |
87,874,738 |
99.99% |
9,810 |
0.01% |
25,327 |
|
13. To authorise the Directors to declare and pay all dividends of the Company as interim dividends. |
87,888,445 |
100.00% |
2,102 |
0.00% |
19,328 |
|
14. To authorise the Directors to allot relevant securities under section 551 of the Companies Act 2006. |
87,792,901 |
99.93% |
61,790 |
0.07% |
55,184 |
|
15. To authorise the Directors to disapply pre-emption rights under sections 570 and 573 of the Companies Act 2006. |
78,286,843 |
89.14% |
9,542,616 |
10.86% |
80,416 |
|
16. To authorise the Directors additional authority to allot relevant securities. |
87,681,736 |
99.80% |
172,073 |
0.20% |
56,066 |
|
17. To authorise the Directors to disapply pre-emption rights under sections 570 and 573 of the Companies Act 2006. |
78,278,737 |
89.13% |
9,549,851 |
10.87% |
81,287 |
|
18. To authorise the Company to make market purchases of its own ordinary shares. |
87,831,931 |
99.94% |
51,534 |
0.06% |
26,410 |
|
19. To authorise that General Meetings, other than Annual General Meetings, may be called on 14 clear days' notice. |
87,627,223 |
99.71% |
251,923 |
0.29% |
30,729 |
*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/.
Copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: National Storage Mechanism | FCA
|
Enquiries: NSM Funds (UK) Limited Ciara McKillop / Brian Smith |
+44 (0)20 3697 5770 |
Note: The content of the Company's webpages and the content of any website or pages which may be accessed through hyperlinks on the Company's webpages, other than the content of the Annual Report referred to above, is neither incorporated into nor forms part of the above announcement.