AVI Japan Opportunity Trust PLC Potential Equity Fundraise (4107W)
April 17 2019 - 2:00AM
UK Regulatory
TIDMAJOT
RNS Number : 4107W
AVI Japan Opportunity Trust PLC
17 April 2019
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INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, CANADA,
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UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT OR ANY COPY OF IT.
AVI Japan Opportunity Trust PLC (the "Company")
Potential Equity Fundraise
On 19 February 2019, the Company announced in its February
Investor Update that 98% of the net proceeds from its October 2018
IPO had been deployed, and on 5 April 2019 the Company announced
that it had entered into a 364 day, 1.465 billion Yen
(approximately GBP10.035 million as at 4 April 2019) unsecured
revolving credit facility ("RCF"). Since then, the Company has
invested approximately GBP7 million of its RCF.
Since the Company's launch, there have been a number of positive
corporate governance developments in Japan. The Investment
Manager's conviction that there is a significant amount of unlocked
value in quality, over-capitalised Japanese companies has only
strengthened and it continues to identify a pipeline of attractive
opportunities in line with the Company's investment strategy.
Accordingly, the Company announces that it is considering
raising additional capital through an issue of shares under its
Share Issuance Programme. Any fundraise will be subject to market
conditions and further details will be announced in due course.
Capitalised terms in this announcement, unless otherwise
defined, have the same meanings as set out in the Company's
prospectus dated 6 September 2018.
For further information please contact:
Joe Bauernfreund, Asset Value Investors
Tel: 020 7659 4800
LEI: 894500IJ5QQD7FPT3J73
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