Net Asset Value - 2021 Realisation Shares

RNS Number : 8927K

Marwyn Value Investors Limited

29 December 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

29 December 2022

Marwyn Value Investors Limited

Net Asset Value per 2021 Realisation Share

The board of directors of Marwyn Value Investors Limited (the "Company") today announces that the estimated net asset value per 2021 realisation share of the Company based on the estimated value of its interests in Marwyn Value Investors L.P. is 1.79658 as at 16 December 2022. As at 16 December 2022 there were 360,482 2021 realisation shares in issue.

As at 16 December 2022 the closing mid share price of a 2021 realisation share in the Company was 1.00000 and represented a discount of 44.34% to the net asset value per 2021 realisation share.

Historic Performance

	Estimated NAV per share (£)	Movement over Period (%)	Movement over Month (%)	Year to date Movement (%)	Total shareholder return inception to date (%) *
2022:
December 16	1.79658	+0.1	+0.1	-2.2	+1.1
December 9	1.79426	-0.1	-0.1	-2.3	+0.9
November 30	1.79539		+3.3	-2.3	+1.0
October 31	1.73790		-0.2	-5.4	-2.2
September 30	1.74102		-0.6	-5.2	-2.1
August 31	1.75224		-0.6	-4.6	-1.4
July 29	1.76298		+0.5	-4.0	-0.8
June 30	1.75342		-1.5	-4.6	-1.4
May 31	1.78088		+0.4	-3.1	+0.2
April 29	1.77374		-2.2	-3.5	-0.2
March 31	1.81283		-0.2	-1.3	+2.0
February 28	1.81679		-0.2	-1.1	+2.2
January 31	1.82104		-0.9	-0.9	+2.4
2021:
December 31	1.83725		+3.3	+3.3	+3.3

Settlement of VAT reclaims

To date, a total of £0.028 million has been recognised in the estimated net asset value per ordinary share relating to the Praesepe VAT reclaims in which the Master Fund has an interest. 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 2021 realisation share as at 16 December 2022 does not include any amounts relating to the settlement of the remaining VAT reclaims.

*Inception to date is calculated from the creation of the 2021 realisation shares on 30 November 2021.

Enquiries to:

Aztec Financial Services (Jersey) Limited

Aztec Group House

11-15 Seaton Place

St Helier

Jersey

JE4 0QH

 

END

 

 

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