REG - Marwyn Value Inv Ltd Marwyn Value - MVIR - Distribution to 2016 Realisation Shareholders

Marwyn Value InvestorsAnnouncement

08/09/2023 07:00

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RNS Number : 7869L  Marwyn Value Investors Limited  08 September 2023

LEI: 213800L5751QTTVEA774

 

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

 

8 September 2023

 

MARWYN VALUE INVESTORS LIMITED (THE "COMPANY")

 

DISTRIBUTION TO 2016 REALISATION SHAREHOLDERS

 

Further to the announcement made by the Company on 30 August 2023, the Board
is pleased to provide details of the distribution of £1.046 million
attributable to the Company's 2016 realisation shares (the "2016 Realisation
Shareholders") (the "VAT Reclaim Realisation Share Proceeds").

 

The VAT Reclaim Realisation Share Proceeds will be distributed to the 2016
Realisation Shareholders in accordance with the terms of the Company's 2016
realisation share class. Of the total amount of £1,046,170 to be distributed,
it is expected that approximately:

 

-       £880,285 will be returned to the 2016 Realisation Shareholders
(the "Distribution"); and

 

-       £165,885 will be distributed by the Master Fund as the related
incentive allocation.

 

The Distribution will be effected by way of a compulsory redemption undertaken
pro rata to holdings of 2016 realisation shares on the register as at the
close of business on the record date for the redemption, being 5 October
2023.  The number of 2016 realisation shares to be redeemed will be
determined by reference to the estimated net asset value per 2016 realisation
share ("NAV") as at 8 September 2023.

 

The NAV as at 8 September 2023, along with the number of 2016 realisation
shares that will be redeemed and the amount of the Distribution, will be
announced by the Company on 22 September 2023. As fractions of 2016
realisation shares will not be redeemed, the number of 2016 realisation shares
held by each 2016 Realisation Shareholder to be redeemed will be rounded down
to the nearest whole number of 2016 realisation shares.

 

As at the date of this announcement, the Company has 933,070 2016 realisation
shares in issue. All of the 2016 realisation shares redeemed on the redemption
date will be cancelled. A further announcement will be released following the
record date to confirm the new number of 2016 realisation shares in issue.

 

Further details on the changes to the ISIN of the 2016 realisation shares
caused by the redemption will be announced on or before 5 October 2023. The
payment of the redemption monies to eligible holders of 2016 realisation
shares is expected to be effected through CREST (in the case of holders of
depository interests relating to the 2016 realisation shares) or by cheque (in
the case of 2016 realisation shares held in certificated form) by 20 October
2023.

 

Expected Timetable:

 

 NAV as at 8 September 2023 and estimate of 2016 realisation shares to be  22 September 2023
 redeemed announced
 Record date for redemption                                                6.00 p.m. on 5 October 2023
 Redemption date                                                           5 October 2023
 Admission of 2016 realisation shares under new ISIN                       8.00 a.m. on 6 October 2023
 Ex-date                                                                   6 October 2023
 Payment of the redemption proceeds                                        On or before 20 October 2023

 

Company enquiries:

Aztec Financial Services (Jersey) Limited

Chris Copperwaite / Magdala Mullegadoo

Telephone: 01534 833000

 

Investor Relations

Kam Bansil

Telephone: 020 7039 1901

 

PR Adviser - FGS Global

Rollo Head 07768 994987

Chris Sibbald 07855 95553

 

Corporate Broker - Liberum Capital Limited

Chris Clarke / Owen Matthews

Telephone: 0203 100 2200

 

Marwyn Value Investors Limited is a closed-ended investment company listed on
the London Stock Exchange Specialist Fund Segment - a fully regulated market
for professional, institutional and sophisticated investors. Marwyn's previous
12 comparable listed acquisition companies which have completed a platform
acquisition have delivered in excess of £4.5 billion in equity profits and an
aggregate return on capital to shareholders of 123 per cent (as at 31 July
2023).

 

Shares in the Company are not designed or intended for retail investors.
Marwyn Investment Management LLP, the Manager, does not promote shares in the
Company to retail investors and they should not be offered to retail
investors.

 

For further information see http://www.marwynvalue.com
(http://www.marwynvalue.com) . Neither the content of the Company's website,
nor the content on any website accessible from hyperlinks on its website for
any other website, is incorporated into, or forms part of, this announcement
nor, unless previously published by means of a recognised information service,
should any such content be relied upon in reaching a decision as to whether or
not to acquire, continue to hold, or dispose of, securities in the Company.

 

 

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