Completion of fund reorganisa

RNS Number : 3732V

Marwyn Value Investors Limited

09 July 2009

 



For immediate release:

9 July 2009

MARWYN VALUE INVESTORS LIMITED

(the 'Company')

Completion of fund reorganisation including migration to the Cayman Islands 
(the 'Migration')

The Company is pleased to announce that the Migration including the sub-division of each Ordinary Share of 10p in the capital of the Company into one Ordinary Share of 0.0001p and one Deferred Share of 9.9999p has become effective.

As a consequence of the Migration, the Ordinary Shares and Warrants are no longer capable of being admitted to CREST. CREST entitlements in respect of Ordinary Shares and Warrants have therefore been cancelled and CREST accounts have been credited with Depositary Interests in respect of Ordinary Shares and Warrants issued in uncertificated form. It is expected that replacement certificates will be dispatched in respect of Ordinary Shares and Warrants issued in certificated form by 16 July 2009. Until such time, existing certificates will remain valid. 

As described in the circular to Shareholders and Warrantholders dated 8 April 2009 (the 'Circular'), the Company intends to implement the Exchange Procedure. Further details of the Exchange Procedure and the process to be followed to effect an Exchange will be announced via a Regulatory Information Services Provider in due course. It is expected that the first Exchange will occur with effect from 31 July 2009 and will settle on or around 17 August 2009. 

Terms used in this announcement shall have the meanings set out in the Circular.  

Further information: 

Collins Stewart Europe Limited (Broker)

Piers Coombs, Stewart Wallace, Owen Price     020 7523 8350

Marwyn Value Investors Limited

Paul Everitt                                                      01481 732889

 

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