Marwyn Value Inv Ltd Marwyn Value - MVIR - Net Asset Value – 2016 Realisation Shares
16/01/2023 07:05
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RNS Number : 7255M Marwyn Value Investors Limited 16 January 2023
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA,
JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN
WHICH IT WOULD BE UNLAWFUL TO DO SO
LEI: 213800L5751QTTVEA774
16 January 2023
Marwyn Value Investors Limited
Net Asset Value per 2016 Realisation Share
The board of directors of Marwyn Value Investors Limited (the "Company") today
announces that the estimated net asset value per 2016 realisation share of the
Company based on the estimated value of its interests in Marwyn Value
Investors L.P. is £3.75964 as at 31 December 2022. As at 31 December 2022
there were 933,070 2016 realisation shares in issue.
As at 31 December 2022 the closing mid share price of a 2016 realisation share
in the Company was £2.02500 and represented a discount of 46.14% to the net
asset value per 2016 realisation share.
Historic Performance
Estimated Movement over Period (%) Movement over Year to date Total shareholder return inception to date (%) *
NAV per share (£) Month (%) Movement (%)
2022:
December 31 3.75964 +14.6 +14.5 +31.5 +3.7
December 16 3.28029 -0.0 -0.1 +14.7 +1.3
December 9 3.28185 -0.0 -0.0 +14.7 +1.3
November 30 3.28334 +11.8 +14.8 +1.3
October 31 2.93593 -0.2 +2.7 -0.5
September 30 2.94203 +0.7 +2.9 -0.4
August 31 2.92190 -0.2 +2.2 -0.5
July 29 2.92746 +3.4 +2.4 -0.5
June 30 2.83013 -0.2 -1.0 -1.0
May 31 2.83643 -0.1 -0.8 -1.0
April 29 2.83992 -0.1 -0.7 -1.0
March 31 2.84166 -0.2 -0.6 -0.9
February 28 2.84806 -0.2 -0.4 -0.9
January 31 2.85389 -0.2 -0.2 -0.9
2021:
December 31 2.86004 +25.2 +61.9 -0.9
November 30 2.28510 -0.9 +29.4 -3.8
October 29 2.30585 +0.5 +30.5 -3.8
September 30 2.29429 -0.2 +29.9 -4.0
August 31 2.29918 +2.3 +30.2 -3.9
July 30 2.24748 -0.4 +27.2 -4.9
June 30 2.25552 +1.2 +27.7 -4.8
May 28 2.22915 +4.7 +26.2 -5.3
April 30 2.12899 -0.2 +20.5 -7.3
March 31 2.13284 +26.9 +20.7 -7.2
February 26 1.68115 -3.0 -4.8 -16.3
January 29 1.73284 -1.9 -1.9 -15.3
VAT reclaims
As announced by the Company on 12 January 2023, following consultation with
the professional advisers handling the claims, the remaining unsettled amounts
relating to the Praesepe VAT reclaims have progressed such that there is
sufficient certainty on the recoverability of the amounts due to the Master
Fund to recognise the estimated amounts as a receivable. Accordingly, an
amount attributable to the ordinary shares of £0.529 million has been
recognised in the estimated net asset value as at 31 December 2022.
For the avoidance of doubt, these amounts represent the estimated funds to be
received from all of the remaining unsettled claims. These remain dependent on
final settlement with HMRC and whilst the actual amount received may be
different, any difference is not expected to be material. The timing of
receipt of cash into the Master Fund also remains uncertain; based on the
timeline for the settlement of previous claims, it is currently estimated that
these amounts will be received in 2023.
Including this amount, a total of £1.054 million has been recognised in the
estimated net asset value per ordinary share relating to the Praesepe VAT
reclaims in which the Master Fund has an interest.
* Total shareholder return inception to date is calculated as the movement in
total shareholder value, including all distributions made to 2016 realisation
shareholders since the creation of the 2016 realisation shares on 30 November
2016.
Enquiries to:
Aztec Financial Services (Jersey) Limited
Aztec Group House
11-15 Seaton Place
St Helier
Jersey
JE4 0QH
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