On 8 November 2019, AVI announced that it had raised gross proceeds of £14 million via a Placing of new ordinary shares. The net proceeds of the Placing will be used to make further investments in accordance with the Company’s investment policy.
This follows on from the Company’s £80 million IPO on the premium segment of the London Stock Exchange’s main market in October 2018, and £13 million placing under a placing programme in May 2019.
Singer Capital Markets is acting as sole Placing Agent to the Company.
About AVI Japan Opportunity Trust
AVI is a new investment trust established to provide investors with capital growth through investing a focussed portfolio of over-capitalised small-cap Japanese equities. The Company’s investment manager, Asset Value Investors, will leverage its three decades of experience investing in asset-backed companies to engage with company management and help to unlock value in the under-researched area of the market.
Market Cap: £104.6 million*
Website: Click here
*As at 08/11/2019
For more information on this news, please email us or call us on +44 (0)20 7496 3000.
[follow align=”center” twitter=”https://twitter.com/nplus1singer” linkedin=”https://www.linkedin.com/company/274452/”]