LEI: 213800JOFEGZJYS21P75
7 June 2024
Nippon Active Value Fund plc
Result of Annual General Meeting ("AGM")
Nippon Active Value Fund plc (the "Company") at the AGM of the Company held on 6 June 2024, all resolutions, as outlined in the Notice of AGM were passed.
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 2023 (the "Annual Report"). | 55,406,389 | 99.67 | 871 | 0.00 | 65,344 |
| 2. To approve the Directors' Remuneration Report included in the Annual Report. | 55,329,169 | 99.49 | 99,479 | 0.18 | 36,953 |
| 3. To re-elect Alicia Ogawa as a director of the Company. | 55,415,180 | 99.61 | 36,434 | 0.07 | 20,990 |
| 4. To re-elect Ayako Weissman as a director of the Company. | 55,367,881 | 99.52 | 83,733 | 0.15 | 20,990 |
| 5. To re-elect Chetan Ghosh as a director of the Company. | 55,360,466 | 99.51 | 91,148 | 0.16 | 20,990 |
| 6. To re-elect Rachel Hill as a director of the Company. | 55,436,470 | 99.65 | 15,144 | 0.03 | 20,990 |
| 7. To re-elect Rosemary Morgan as a director of the Company. | 55,436,470 | 99.65 | 15,144 | 0.03 | 20,990 |
| 8. To elect Claire Boyle as a director of the Company. | 55,430,833 | 99.64 | 19,958 | 0.04 | 21,410 |
| 9. To elect Noel Lamb as a director of the Company. | 55,355,618 | 99.50 | 95,474 | 0.17 | 20,539 |
| 10. To re-appoint BDO LLP as auditor to the Company. | 55,362,663 | 99.51 | 90,426 | 0.16 | 19,515 |
| 11. To authorise the Directors to fix the remuneration of the auditor until the conclusion of the next Annual General Meeting of the Company. | 55,417,671 | 99.60 | 42,034 | 0.08 | 12,899 |
| 12. To authorise the Directors to declare and pay all dividends of the Company as interim dividends. | 55,423,360 | 99.60 | 42,852 | 0.08 | 6,392 |
| 13. To authorise the Directors to allot relevant securities under section 551 of the Companies Act 2006. | 55,396,443 | 99.58 | 53,648 | 0.10 | 22,513 |
| 14. To authorise the Directors to disapply pre-emption rights under sections 570 and 573 of the Companies Act 2006. | 55,314,261 | 99.44 | 130,592 | 0.23 | 26,111 |
| 15. To authorise the Directors additional authority to allot relevant securities. | 55,253,352 | 99.51 | 89,931 | 0.16 | 129,321 |
| 16. To authorise the Company to disapply pre-emption rights for an additional ten per cent for transactions which the Board determines to be an acquisition or other capital investment. | 55,315,402 | 99.42 | 142,678 | 0.26 | 14,524 |
| 17. To authorise the Company to make market purchases of its own ordinary shares. | 49,953,663 | 89.77 | 5,510,907 | 9.90 | 6,393 |
| 18. To authorise that General Meetings, other than Annual General Meetings, may be called on 14 clear days' notice. | 55,248,691 | 99.28 | 216,300 | 0.39 | 5,973 |
*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/.
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: | |
| Mimi Ajibadé / Sylvanus Cofie Apex Listed Companies Services (UK) Limited | 020 3327 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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
