Last checked at 7 May 2019 14:48
7 May 2019
AVI Japan Opportunity Trust PLC (the "Company")
Portfolio Company Announces Tender Offer
On 7 May 2019, after close of the Japanese stock market, Nittofc (4033), which accounts for 2.3% of the company's NAV, announced that it had received a tender offer for all its outstanding shares at ¥1,200 per share, representing a 37.6% premium to the close price.
Integral Corporation, through wholly owned subsidiaries, intends to acquire all the shares of Nittofc and delist the company. 32.86% of shareholders have already agreed to tender their shares and the period of purchase for the remaining shares is from 8 May 2019 to 18 June 2019.
AJOT has been acquiring shares in Nittofc since launch in October 2018 and built its stake at an average price of ¥772 per share.
For further information please contact:
Asset Value Investors Joe Bauernfreund
| Tel: 020 7659 4800 |
N+1 Singer James Maxwell (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)
| Tel: 020 7496 3000 |
Kepler Partners Hugh van Cutsem
| Tel: 020 3384 8796 |
Quill PR Fiona Harris / Sarah Gibbons-Cook
| Tel: 020 7466 5058 / 020 7466 5060 |
LEI: 894500IJ5QQD7FPT3J73