AVI Japan Opportunity non-executive director Ekaterina Thomson resigned from the board yesterday (21 January) with immediate effect.
Thomson has been on the board since the company launched in 2018, and served as chair of the audit committee. This position will be taken on by Margaret Stephens, and the trust said the search for a new non-executive director is “at an advanced stage”.
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“The board would like to express its gratitude to Katya [Thomson] for her invaluable contributions to the company since its launch in October 2018. Her guidance as chair of the Audit Committee has been greatly appreciated. We extend our best wishes to her for the future,” the board stated in a stock exchange announcement.
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AVI Japan Opportunity is currently trading at a 3.4% discount to NAV, and has a share price total return of 31.4% over the last year, compared to a sector average 9.1%, according to the AIC. Over the past three years, it has returned 41% while the sector has lost 8%.