Nippon Active Value Fund plc
LEI: 213800JOFEGZJYS21P75
9 April 2024
Director dealings
Nippon Active Value Fund plc which targets attractive levels of capital growth for shareholders from the active management of a focused portfolio of (predominantly) quoted Japanese equity investments announces the following dealings.
On 5 April 2024, Rosemary Morgan, Chairman of the Board of Directors, and her spouse, Mark Damazer, transferred Ordinary Shares from their joint personal holdings through a Bed and ISA arrangement to effect the transfer of the Ordinary Shares to Mark Damazer's ISA account, by the sale and re-purchase of shares.
Mark Damazer also purchased Ordinary Shares into his ISA account on the same date.
The transactions are summarised below:
| Name(s) | Role: Director/Person closely associated ("PCA") | Nature of Transaction | Number of Ordinary Shares |
| Rosemary Morgan and Mark Damazer
| Director and her PCA | Sale from joint personal holding | 7,440 |
| Mark Damazer | PCA to Rosemary Morgan | Re-purchase into ISA | 7,440 |
| Mark Damazer | PCA to Rosemary Morgan | Purchase into ISA | 1,450 |
Enquiries:
| Apex Listed Companies Services (UK) Limited | +44 20 3327 9720 |
| Company Secretary | |
| | |
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Rosemary Morgan and Mark Damazer | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Director and PCA (acting jointly) | ||||
| b)
| Initial notification /Amendment
| Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| Nippon Value Active Fund plc | ||||
| b)
| LEI
| 213800JOFEGZJYS21P7 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
| a)
| Description of the financial instrument, type of instrument | Ordinary Shares | ||||
| | | |||||
| Identification code |
| |||||
| | | |||||
| b)
| Nature of the transaction
| Sale of 7,440 shares and repurchase of 7,440 shares | ||||
| c)
| Price(s) and volume(s) |
| | | | |
| | | Price(s) | Volume(s) | | ||
| Transaction 1 (sale)
Transaction 2 (purchase)
| | 176.5p per share 176.5p per share
| 7,440 7,440
| | ||
| | | | | | ||
| d)
| Aggregated information | | ||||
| | | |||||
| - Aggregated volume
| Sale: 7,440 | |||||
| | | |||||
| - Price | 176.5p per share
| |||||
| | | |||||
| e)
| Date of the transaction
| 5 April 2024 | ||||
| f)
| Place of the transaction
| London Stock Exchange | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Mark Damazer | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| PCA of Rosemary Morgan | ||||
| b)
| Initial notification /Amendment
| Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| Nippon Value Active Fund plc | ||||
| b)
| LEI
|
213800JOFEGZJYS21P7 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
| a)
| Description of the financial instrument, type of instrument | Ordinary Shares | ||||
| | | |||||
| Identification code |
| |||||
| | | |||||
| b)
| Nature of the transaction
| Purchase of shares | ||||
| c)
| Price(s) and volume(s)
| | | | | |
| | | Price(s) | Volume(s) | | ||
| Transaction
| | 177.7p per share
| 1,450
| | ||
| | | | | | ||
| d)
| Aggregated information | | ||||
| | | |||||
| - Aggregated volume |
| |||||
| | | |||||
| - Price | 177.7p | |||||
| | | |||||
| e)
| Date of the transaction
| 5 April 2024 | ||||
| f)
| Place of the transaction
| London Stock Exchange | ||||
END
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