Net Asset Value – Ordinary Shares
25/11/2022 10:00
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RNS Number : 2252H Marwyn Value Investors Limited 25 November 2022
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
25 November 2022
Marwyn Value Investors Limited
Net Asset Value per Ordinary Share
The board of directors of Marwyn Value Investors Limited (the "Company") today
announces that the estimated net asset value per ordinary share of the Company
based on the estimated value of its interests in Marwyn Value Investors L.P.
is £1.70397 as at 11 November 2022. As at 11 November 2022, there were
55,490,360 ordinary shares and 30,970,984 exchange shares in issue.
As at 11 November 2022 the closing mid share price of an ordinary share in the
Company was £0.95000 and represented a discount of 44.25% to the net asset
value per ordinary share.
Historic Performance
Estimated Movement over Period (%) Movement over Year to date NAV Inception to date (%) * Total Return Inception to date (%) **
NAV per share (£) Month (%) Movement (%)
2022:
November 11 1.70397 +1.8 +1.8 -7.2 +119.4 +172.8
October 31 1.67409 -0.1 -8.9 +115.6 +164.4
September 30 1.67621 -0.6 -8.8 +115.8 +164.7
August 31 1.68662 -1.9 -8.2 +117.2 +166.3
July 29 1.71939 +0.6 -6.4 +121.4 +167.9
June 30 1.70950 -1.6 -6.9 +120.1 +166.4
May 31 1.73653 -0.8 -5.5 +123.6 +170.6
April 29 1.75133 -2.1 -4.7 +125.5 +169.3
March 31 1.78888 -0.2 -2.6 +130.3 +175.1
February 28 1.79289 -1.5 -2.4 +130.9 +175.7
January 31 1.81945 -1.0 -1.0 +134.3 +176.3
2021:
December 31 1.83703 +3.3 +12.6 +136.5 +179.0
November 30 1.77782 -2.9 +9.0 +128.9 +170.0
October 29 1.83118 +0.4 +12.3 +135.8 +174.7
September 30 1.82313 +0.1 +11.8 +134.8 +173.5
August 31 1.82074 +0.4 +11.6 +134.4 +173.1
July 30 1.81298 -1.5 +11.2 +133.4 +168.5
June 30 1.84097 +1.1 +12.9 +137.0 +172.7
May 28 1.82030 +0.1 +11.6 +134.4 +169.6
April 30 1.81843 +1.4 +11.5 +134.1 +166.0
March 31 1.79347 +13.1 +10.0 +130.9 +162.4
February 26 1.58536 -1.8 -2.8 +104.1 +131.9
January 29 1.61440 -1.0 -1.0 +107.9 +132.8
Settlement of VAT reclaims
As announced by the Company on 16 November, further amounts relating to the
Praesepe VAT reclaims in which the Master Fund has an interest have been
agreed and finalised with HMRC. Accordingly, an amount attributable to the
ordinary shares of £3.127 million has been recognised in the estimated net
asset value as at 11 November 2022.
In additional to the amounts received in July 2022 and September 2022, a total
of £4.292 million has been recognised in the estimated net asset value per
ordinary share. The cumulative agreed claims represent approximately 50% of
the estimated gross claims filed with HMRC.
Whilst it is expected that the remaining claims will be settled in an
equivalent manner, there remains significant uncertainty over both the amount
that may be repaid by HMRC and the timing of receipt of any cash, net of fees,
taxes and other expenses by the Master Fund. Accordingly, the estimated net
asset value per ordinary share as at 11 November 2022 does not include any
amounts relating to the settlement of the remaining VAT reclaims.
Ordinary share dividend
Please note that the dividend to be paid to ordinary shareholders in November
2022, as announced on 27 October 2022, has been accrued in the estimated net
asset per ordinary share as at 11 November 2022.
Prepared on the following basis:
* The inception to date movement is based on the combined weighted average NAV
of Marwyn Value Investors I, II and B shares prior to their amalgamation,
using the conversion ratio published on 17 April 2008.
** The total return inception to date movement is based on the reinvestment of
dividends paid to shareholders into the Company and is calculated on a
cum-income basis.
Enquiries to:
Aztec Financial Services (Jersey) Limited
Aztec Group House
11-15 Seaton Place
St Helier
Jersey
JE4 0QH
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