NIPPON ACTIVE VALUE FUND PLC — AGM Information 2022

Jun 10, 2022

National Storage Mechanism | Additional information

RNS Number : 5421O

Nippon Active Value Fund PLC

10 June 2022

LEI: 213800JOFEGZJYS21P75

10 June 2022

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 (the "Notice") were passed.

The Investment Adviser's pre-recorded presentation can be viewed at: https://www.nipponactivevaluefund.com/nippon-active-value-fund-agm-update-to-shareholders/.

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 2021 (the "Annual Report").	46,044,314	100.00	0	0.00	0
2.       To approve the Directors' Remuneration Report included in the Annual Report.	46,019,314	99.96	20,000	0.04	5,000
3.       To re-elect Chetan Ghosh as a director of the Company.	46,044,314	100.00	0	0.00	0
4.       To re-elect Rachel Hill as a director of the Company.	46,044,314	100.00	0	0.00	0
5.       To re-elect Rosemary Morgan as a director of the Company.	46,044,314	100.00	0	0.00	0
6.       To re-elect Alicia Ogawa as a director of the Company.	46,044,314	100.00	0	0.00	0
7.       To re-elect Ayako Weissman as a director of the Company.	46,044,314	100.00	0	0.00	0
8.       To appoint BDO LLP as auditor to the Company.	46,024,314	99.96	20,000	0.04	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.	46,044,314	100.00	0	0.00	0
10.    To authorise the Directors to declare and pay all dividends of the Company as interim dividends.	46,044,314	100.00	0	0.00	0
11.    To authorise the Directors to allot relevant securities under section 551 of the Companies Act 2006.	46,024,314	99.96	20,000	0.04	0
12.    To authorise the Directors to disapply pre-emption rights under sections 570 and 573 of the Companies Act 2006.	45,927,557	99.91	40,715	0.09	76,042
13.    To extend authority granted to Directors to allot securities on a non-pre-emptive basis in connection with the Placing Programme.	46,023,599	99.96	20,715	0.04	0
14.    To authorise the Company to make market purchases of its own ordinary shares.	46,019,314	99.95	25,000	0.05	0
15.    To authorise the Company to make market purchases of its own C shares.	46,019,314	99.96	20,000	0.04	5,000
16.    To authorise that General Meetings, other than Annual General Meetings, may be called on 14 clear days' notice.	45,947,557	99.79	20,715	0.04	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 Sanne Fund 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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