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Placing of £13 million for AVI Japan Opportunity Trust plc

AVI Japan Opportunity Trust (“AVI”) has today (13/05/2019) announced that it has raised gross proceeds of £13.0 million via a Placing under its Share Issuance Programme.

The Company undertook the Placing to satisfy demand for new shares and to provide additional funding for investment opportunities, which the Directors believe will over time enable the Company to further diversify its existing portfolio, spread the fixed costs of running the Company across a wider base and increase secondary market liquidity for investors. 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.

N+1 Singer is acting as Joint Placing Agent to the Company alongside Kepler Partners.

About AVI Japan Opportunity Trust plc

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.

Ticker: AJOT
Current Market Cap: £82.6 million*
Website: Click here

*As at 13/05/19