November 2025 - Deal Announcements
Successful combination of AVI Japan Opportunity Trust Plc with Fidelity Japan Trust plc

Singer Capital Markets is delighted to advise AVI Japan Opportunity Trust Plc on its successful combination with Fidelity Japan Trust Plc, adding approximately £184 million of Fidelity Japan Trust plc net assets to AVI Japan Opportunity Trust plc.

 

Singer Capital Markets acted as Sole Sponsor and Joint Financial Adviser to AVI Japan Opportunity Trust Plc (the receiving entity) for its s110 combination with Fidelity Japan Trust plc.

 

This deal was overwhelmingly endorsed by both Fidelity Japan Trust and AVI Japan Opportunity Trust shareholders, with 68% of Fidelity Japan Trust shareholders electing to rollover their interests into AVI Japan Opportunity Trust in conjunction with an undersubscribed cash exit alternative, reflecting the compelling opportunity on offer from AVI Japan Opportunity Trust’s strategy and Japan’s smaller company market.

 

 

About AVI Japan Opportunity Trust Plc

 

AVI Japan Opportunity Trust Plc is an investment trust run by Asset Value Investors (AVI), established to provide shareholders with capital growth through investing in a focussed portfolio of overcapitalised small-cap Japanese equities. AVI leverages its three decades of experience investing in asset-backed companies to engage with company management and help to unlock value for all stakeholders.

 

Ticker: AJOT
Market Cap: £229 million*
Website: Click here

 

*As at 27th November 2025

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