REG - Marwyn Value Inv Ltd Marwyn Value - MVIR - Net Asset Value - 2016 Realisation Shares

Marwyn Value InvestorsAnnouncement

14/04/2025 10:15

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RNS Number : 7721E  Marwyn Value Investors Limited  14 April 2025

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

14 April 2025

 

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 ("NAV") per 2016 realisation
share of the Company based on the estimated value of its interests in Marwyn
Value Investors L.P. is £4.11839 as at 31 March 2025. As at 31 March 2025,
there were 684,006 2016 realisation shares in issue.

 

As at 31 March 2025 the closing mid share price of a 2016 realisation share in
the Company was £2.33000 and represented a discount of 43.42% to the NAV per
2016 realisation share.

 

Historic NAV Performance

 

               Estimated    Movement    Year to date  Inception to date   Shareholder total

               NAV per      over        Movement      shareholder total   return from creation

               share (£)    Month (%)   (%)           return (%)(1)       of class (%)(2)

 2025:

 March 31      4.11839      -6.9        -3.9          +204.6              +4.7
 February 28   4.42231      +2.1        +3.2          +207.8              +5.9
 January 31    4.33125      +1.1        +1.1          +206.9              +5.5

 2024:

 December 31   4.28360      +1.7        +4.6          +206.3              +5.4
 November 30   4.21082      +0.3        +2.8          +205.6              +5.1
 October 31    4.19895      -0.9        +2.5          +205.4              +5.0
 September 30  4.23663      +0.1        +3.4          +205.8              +5.2
 August 31     4.23351      +0.1        +3.4          +205.8              +5.2
 July 31       4.22997      +1.9        +3.3          +205.8              +5.2
 June 30       4.14936      +0.1        +1.2          +204.9              +4.9
 May 31        4.14416      +0.5        +1.2          +204.8              +4.8
 April 30      4.12327      -0.0        +0.7          +204.6              +4.8
 March 31      4.12382      +0.4        +0.7          +204.6              +4.8
 February 29   4.10894      +0.5        +0.3          +204.5              +4.7
 January 31    4.08968      -0.2        -0.2          +204.2              +4.6

 

 

 

NAV Allocation

 

Based upon the Company's indirect investments, the estimated allocation of the
2016 realisation share NAV is:

 

 2016 Realisation Shares     Total Value (£m)(3)   NAV/pence per 2016 Realisation Share  % of NAV
 Investment Portfolio
 Quoted investments
 Zegona Communications       0.5                   78.8                                  19.1%
 Unquoted investments
 Le Chameau(4)               2.1                   304.0                                 73.8%
 Total Value                 2.6                   382.8                                 92.9%
 Cash                        0.7                   104.3                                 25.3%
 Other assets / liabilities  (0.5)                 (75.2)                                (18.2)%
 Net Asset Value             2.8                   411.8                                 100.0%

 

 

 

Notes

(1)Inception to date shareholder total return is calculated based on the
ordinary share performance up to the date the ordinary shares were converted
to 2016 realisation shares on 30 November 2016, then movement in total
shareholder value, including all distributions made to 2016 realisation
shareholders from that date.

(2)Shareholder total return from creation of class 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.

(3)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.

(4)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 Value Investors Limited

Scott Danks

scottdanks@marwyn.com (mailto:scottdanks@marwyn.com)

 

Company secretary - Palmer Fund Services (Jersey) Limited

marwyn@palmerfs.com (mailto:marwyn@palmerfs.com)

1 Grenville Street

St Helier

Jersey JE2 4UF

 

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