REG - Marwyn Value Inv Ltd Marwyn Value - MVIR Marwyn Value - MVR2 - Net Asset Values

Marwyn Value InvestorsAnnouncement

18/03/2024 11:00

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RNS Number : 2264H  Marwyn Value Investors Limited  18 March 2024

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

18 March 2024

 

Marwyn Value Investors Limited

Net Asset Values

 

The board of directors of Marwyn Value Investors Limited (the "Company") today
announces the following estimated net asset value ("NAV") information, based
on the estimated value of its interests in Marwyn Value Investors L.P. as at
15 March 2024:

 

 

Ordinary Shares

 

The estimated NAV per Ordinary Share is £1.812. Based upon the Company's
indirect investments, the estimated allocation of the Ordinary Share NAV is:

 

 Ordinary Shares                 Total Value (£m)(1)   NAV/pence per Ordinary Share  % of NAV
 Investment Portfolio
 Quoted investments
 AdvancedAdvT                    19.3                  34.8                          19.2%
 MAC Alpha                       1.0                   1.8                           1.0%
 Marwyn Acquisition Company II   9.8                   17.6                          9.7%
 Marwyn Acquisition Company III  9.8                   17.6                          9.7%
 Zegona Communications           10.0                  18.0                          10.0%
 450                             5.1                   9.2                           5.1%
 Unquoted investments
 Le Chameau(2)                   28.4                  51.2                          28.2%
 Palmer Street                   6.4                   11.5                          6.4%
 Total Value                     89.7                  161.7                         89.3%
 Cash                            19.2                  34.7                          19.1%
 Other assets / liabilities      (8.4)                 (15.2)                        (8.4)%
 Net Asset Value                 100.5                 181.2                         100.0%

 

 

2016 Realisation Shares

 

The estimated NAV per 2016 Realisation Share is £4.111. Based upon the
Company's indirect investments, the estimated allocation of the 2016
Realisation Share NAV is:

 

 2016 Realisation Shares     Total Value (£m)(1)   NAV/pence per 2016 Realisation Share  % of NAV
 Investment Portfolio
 Quoted investments
 Zegona Communications       0.2                   25.3                                  6.2%
 Unquoted investments
 Le Chameau(2)               2.4                   350.5                                 85.3%
 Total Value                 2.6                   375.8                                 91.4%
 Cash                        0.8                   110.6                                 26.9%
 Other assets / liabilities  (0.5)                 (75.3)                                (18.3)%
 Net Asset Value             2.8                   411.1                                 100.0%

 

 

2021 Realisation Shares

 

The estimated NAV per 2021 Realisation Share is £2.003. Based upon the
Company's indirect investments, the estimated allocation of the 2021
Realisation Share NAV is:

 

 2021 Realisation Shares         Total Value (£m)(1)   NAV/pence per 2021 Realisation Share  % of NAV
 Investment Portfolio
 Quoted investments
 AdvancedAdvT                    0.12                  33.7                                  16.8%
 Marwyn Acquisition Company II   0.06                  17.1                                  8.5%
 Marwyn Acquisition Company III  0.06                  17.1                                  8.5%
 Zegona Communications           0.06                  17.3                                  8.7%
 450                             0.03                  8.9                                   4.4%
 Unquoted investments
 Le Chameau(2)                   0.18                  49.6                                  24.8%
 Total Value                     0.52                  143.8                                 71.8%
 Cash                            0.26                  70.9                                  35.4%
 Other assets / liabilities      (0.05)                (14.4)                                (7.2)%
 Net Asset Value                 0.72                  200.3                                 100.0%

 

 

Notes

(1)Portfolio investments are held at fair value in accordance with
International Financial Reporting Standards ("IFRS"). Quoted investments with
sufficient volume and frequency of trading to constitute an 'active market'
under IFRS are held at their listed price on the valuation date. Unquoted
investments, and quoted investments where there is no active market, are
valued in accordance with International Private Equity and Venture Capital
guidelines on a quarterly basis or whenever there is a material change in the
investment which would indicate a significant change in valuation.

(2)The investment in Le Chameau is held through Silvercloud Holdings Limited
("Silvercloud"), with the value allocated to Le Chameau being the value
attributable to each share class of Marwyn Value Investors L.P.'s holding in
Silvercloud.

 

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.

 

Enquiries to:

marwyn@aztecgroup.co.uk

Aztec Financial Services (Jersey) Limited

Aztec Group House

PO Box 730

IFC 6, The Esplanade

St. Helier

Jersey JE4 0QH

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