REG - Majedie Invs.PLC - Update re Marylebone Partners and Brown Advisory

Majedie InvestmentsAnnouncement

08/09/2025 07:00

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RNS Number : 2792Y  Majedie Investments PLC  08 September 2025

Further to the announcement on 27(th) June, the Board of Majedie Investments
PLC ('Majedie') is pleased that its manager, Marylebone Partners LLP
('Marylebone'), has now entered into a formal agreement to become part of
Brown Advisory, subject only to regulatory approval.

 

Upon closing, Majedie will receive a cash payment in respect of its 7.5% stake
in Marylebone, which will not be material to the NAV. Additionally on
closing, as a demonstration of ongoing alignment between the manager and
shareholders, fees will be reduced to 0.8% on market capitalisation up to
£150m, 0.675% above £150m up to £250m and 0.6% thereafter (currently 0.9%,
0.75% and 0.65% respectively).

 

There will be no change to the mandate, philosophy, investment approach, or
the current team's decision making autonomy over the portfolio.

 

Christopher Getley, Chair of Majedie, commented: 'In addition to the cash
payment and fee reduction, the Board sees three further benefits from the
combination of Marylebone and Brown Advisory. Firstly, that access to Brown
Advisory's global research team will deepen the analytical capabilities behind
each of Majedie's Liquid Endowment strategies in direct investments, external
managers, and special investments. Secondly, that collaboration with Brown
Advisory's external manager selection teams in London and the US will broaden
the opportunity set and strengthen the team's ability to negotiate
preferential terms. Thirdly, that Brown Advisory's institutional scale will
reinforce Marylebone's ability to support Majedie's growth ambitions.'

 

 

 

 For further information please contact

 Majedie Investments PLC                 +44 (0)7880 528774

 William Barlow

 Marylebone Partners LLP                 +44(0)20 3468 9910

 Dan Higgins

 J.P. Morgan Cazenove                    +44 (0)20 7742 4000

 William Simmonds

 Rupert Budge

 Cardew Group                            +44 (0)20 7930 0777

 Tania Wild                              +44 (0)7425 536903

 Luke Bramwell                           +44 (0)7467 992924

 

 

 

About Majedie Investments (https://www.majedieinvestments.com/) PLC:

Majedie Investments PLC is an investment trust whose objective is to deliver
long-term capital growth whilst preserving shareholders' capital and paying a
regular dividend. The performance target is to achieve net annualised total
returns (in GBP) of at least 4 per cent. above the UK CPI, over rolling
five-year periods.

 

The Majedie Investments PLC portfolio features a combination of hard-to-access
special investments, allocations to funds managed by boutique third-party
managers, and direct investments in public equities.

 

LEI: 2138007QEY9DYONC2723

 

About Marylebone Partners (https://www.marylebonepartners.com/) :

Marylebone Partners LLP ("Marylebone") is an independent investment manager,
owned by its principals. It helps families, charities, endowments, trusts and
private investors to protect and grow their wealth in real terms.

 

Marylebone's defining characteristic is its ability to access differentiated
fundamental investments, many of which never come onto the radar screen of
other allocators. This capability is the key to delivering superior
performance outcomes over the years ahead.

 

The partnership was founded in 2013 with the vision of bringing a distinctive
investment approach to clients who sought a relationship based on trust and
transparency. This remains Marylebone's sole purpose today.

 

Marylebone Partners LLP is authorised and regulated by the Financial Conduct
Authority.

 

About Brown Advisory

Brown Advisory is an independent investment management and strategic advisory
firm committed to providing its clients with a combination of investment
performance, strategic advice and the highest level of service. Brown Advisory
has been a private and independent firm since 1998. Today, the firm has more
than 900 colleagues - each with an equity interest - serving private clients
and institutions in around 50 countries from 20 offices globally and is
responsible for approximately $172.4 billion in assets for private and
institutional clients and charities as of July 2025. The firm's colleague
equity ownership, experienced investment professionals and client-first
culture help to make a material difference in the lives of its clients.

 

For more information, please visit: www.brownadvisory.com
(https://url.uk.m.mimecastprotect.com/s/VTo2C6m1nColV8Upfxs5059m?domain=brownadvisory.com)

 

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