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AVI Japan Opportunity Trust Plc ( (GB:AJOT) ) has issued an announcement.
AVI Japan Opportunity Trust plc has executed a substantial share buy-back, repurchasing 26,899,713 ordinary shares, equivalent to approximately 11.05% of its issued ordinary share capital (excluding treasury shares), at a price of 173.7587 pence per share, with all repurchased shares to be held in treasury. Following the transaction, the trust’s total ordinary shares in issue stand at 247,873,823, of which 31,350,429 are held in treasury, resulting in 216,523,394 voting shares outstanding, a move that is likely to enhance net asset value per share and reflects active capital management aimed at supporting shareholder returns and tightening the discount to NAV.
More about AVI Japan Opportunity Trust Plc
AVI Japan Opportunity Trust plc is a UK-listed investment trust focused on opportunities in the Japanese equity market. The company typically invests in Japanese companies, often with a value and corporate governance angle, seeking to unlock shareholder value through active engagement and strategic portfolio management.
Average Trading Volume: 834,651
Technical Sentiment Signal: Buy
Find detailed analytics on AJOT stock on TipRanks’ Stock Analysis page.