**Summary**
AVI Japan Opportunity Trust PLC has announced a tender offer and notice of a general meeting, following its successful combination with Fidelity Japan Trust PLC. The tender offer provides shareholders with an exit opportunity, allowing them to sell their shares at a price equal to a 2% discount to the net asset value (NAV) per share, minus transaction costs. This offer is part of the companys commitment to provide shareholders with an annual exit option, deviating from the initial biennial plan.
The tender offer is open to all eligible shareholders registered by December 10, 2025, including those who received new shares from the combination with Fidelity Japan Trust PLC. The company may repurchase tendered shares, hold them in treasury, or cancel them. The offer is subject to shareholder approval at a general meeting scheduled for January 13, 2026.
Key details include
**Record Date**: December 102025at 6:00 p.m.
**General Meeting**: January 132026at 11:00 a.m.
**Tender Price Announcement**January 14, 2026
**Payment and Share Certificate Dispatch**: By January 28, 2026
The company reserves the right to terminate the offer if the aggregate tendered shares would reduce the companys NAV below £100 million, a threshold deemed not in the best interest of continuing shareholders. In such a case, alternative proposals will be presented.
The announcement also includes a notice for US shareholders, highlighting differences in regulatory requirements between the UK and US and potential challenges in enforcing rights under US securities laws. The circular containing full details of the tender offer is available on the companys website and through the National Storage Mechanism.