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Funds News

BRIEF-Nippon Active Value Fund Announces Intention To Float & Raise Up To 200 Mln Stg

Jan 7 (Reuters) - Nippon Active Value Fund Plc:

* INTENTION TO FLOAT

* INTENTION TO RAISE UP TO £200 MILLION, APPLY FOR ADMISSION TO TRADING ON SPECIALIST FUND SEGMENT OF LONDON STOCK EXCHANGE

* SEEKING TO RAISE UP TO £200 MILLION BY INITIAL PLACING, OFFER FOR SUBSCRIPTION, INTERMEDIARIES OFFER AT ISSUE PRICE OF 100PPER SHARE

* TO INVEST IN PORTFOLIO OF UP TO 20 HOLDINGS OF QUOTED EQUITY SECURITIES WITH MAJOR OPERATIONS IN JAPAN & MARKET CAP UP TO $1 BILLION Source text for Eikon:

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