Nippon Active Value Fund plc Share Offer
This offer is closed for applications through interactive investor
Result of Initial Issue
- Nippon Active Value Fund plc (NAVF) has announced that it has successfully raised gross proceeds of £103 million from the Initial Placing, Offer for Subscription and Intermediaries Offer.
- Applications have been made for 103,000,000 Ordinary Shares to the Specialist Fund Segment of the London Stock Exchange's Main Market for listed securities.
- The Issue Price was set at £1.00 per Ordinary Share.
- Allocations have been met in full, meaning customers will receive 100% of the amount they applied for.
- Share allocations are being applied to accounts on Wednesday 19 February 2020 and confirmation will be sent once shares are showing on accounts.
Offer period
- The Offer Period for the Nippon Active Value Fund plc share offer closed at 4.30pm on Monday 17 February 2020.
Trading starts
- Admission and unconditional dealing in the Ordinary Shares is expected to commence at 8am on Friday 21 February 2020. There is no conditional dealing period.
- When admitted to trading, the Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BKLGLS1 and trade under the symbol "NAVF".
- If you buy or sell Nippon Active Value Fund plc Ordinary Shares after admission the relevant share dealing rate will apply.
Key information
| Issue price per share: | 100 pence |
| Minimum investment: | £5,000 (multiples of £1 thereafter) |
| Stock ticker: | NAVF |
| SEDOL: | BKLGLS1 |
Expected timetable
| Offer open: | 8 January 2020 |
| Offer close: | 17 February 2020 (4.30pm) |
| Result announced: | 19 February 2020 |
| Unconditional dealing starts: | 21 February 2020 (8am) |
This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.
Interactive Investor Services Limited uses the NAVF Prospectus in accordance with the Company's consent and the conditions set out in the NAVF Prospectus.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Prospectus, including all the risks attached to investing in the Company before you apply.
"Nippon Active Value Fund plc" and the Nippon Active Value Fund plc logo are registered trademarks of Nippon Active Value Fund plc. Reproduced by kind permission of Nippon Active Value Fund plc. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of Exchange Court, Duncombe Street, Leeds, LS1 4AX, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.