Net Asset Value - Ordinary Shares

RNS Number : 7352C

Marwyn Value Investors Limited

14 October 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

14 October 2022

Marwyn Value Investors Limited

Net Asset Value per Ordinary Share

The board of directors of Marwyn Value Investors Limited (the "Company") today announces that the estimated net asset value per ordinary share of the Company based on the estimated value of its interests in Marwyn Value Investors L.P. is £1.67621 as at 30 September 2022. As at 30 September 2022, there were 55,490,360 ordinary shares and 30,970,984 exchange shares in issue.

As at 30 September 2022 the closing mid share price of an ordinary share in the Company was £1.01000 and represented a discount of 39.75% to the net asset value per ordinary share.

Historic Performance

	Estimated NAV per share (£)	Movement over Period (%)	Movement over Month (%)	Year to date Movement (%)	NAV Inception to date (%) *	Total Return Inception to date (%) **
2022:
September 30	1.67621	-0.4	-0.6	-8.8	+115.8	+164.7
September 23	1.68324	+0.1	-0.2	-8.4	+116.7	+165.8
September 16	1.68175	+0.4	-0.3	-8.5	+116.5	+165.6
September 9	1.67438	-0.7	-0.7	-8.9	+115.6	+164.4
August 31	1.68662		-1.9	-8.2	+117.2	+166.3
July 29	1.71939		+0.6	-6.4	+121.4	+167.9
June 30	1.70950		-1.6	-6.9	+120.1	+166.4
May 31	1.73653		-0.8	-5.5	+123.6	+170.6
April 29	1.75133		-2.1	-4.7	+125.5	+169.3
March 31	1.78888		-0.2	-2.6	+130.3	+175.1
February 28	1.79289		-1.5	-2.4	+130.9	+175.7
January 31	1.81945		-1.0	-1.0	+134.3	+176.3
2021:
December 31	1.83703		+3.3	+12.6	+136.5	+179.0
November 30	1.77782		-2.9	+9.0	+128.9	+170.0
October 29	1.83118		+0.4	+12.3	+135.8	+174.7
September 30	1.82313		+0.1	+11.8	+134.8	+173.5
August 31	1.82074		+0.4	+11.6	+134.4	+173.1
July 30	1.81298		-1.5	+11.2	+133.4	+168.5
June 30	1.84097		+1.1	+12.9	+137.0	+172.7
May 28	1.82030		+0.1	+11.6	+134.4	+169.6
April 30	1.81843		+1.4	+11.5	+134.1	+166.0
March 31	1.79347		+13.1	+10.0	+130.9	+162.4
February 26	1.58536		-1.8	-2.8	+104.1	+131.9
January 29	1.61440		-1.0	-1.0	+107.9	+132.8

Potential settlement of VAT reclaim

As announced by the Company on 10 August 2022, the first of the Praesepe VAT reclaims in which the Master Fund has an interest has now been received, with £0.915 million of the amount attributable to the ordinary shares. This amount was recognised in the ordinary share estimated net asset value as at 29 July 2022. A further £0.250 million attributable to ordinary shares was received in September 2022 and was recognised in the estimated net asset value as at 16 September 2022.

The estimated net asset value per ordinary share as at 30 September 2022 does not include any amounts relating to the settlement of the remaining VAT reclaims due to the significant uncertainty of the amount and timing of any such settlement of those claims.

Prepared on the following basis:

* The inception to date movement is based on the combined weighted average NAV of Marwyn Value Investors I, II and B shares prior to their amalgamation, using the conversion ratio published on 17 April 2008.

** The total return inception to date movement is based on the reinvestment of dividends paid to shareholders into the Company and is calculated on a cum-income basis.

Enquiries to:

Aztec Financial Services (Jersey) Limited

Aztec Group House

11-15 Seaton Place

St Helier

Jersey

JE4 0QH

 

END

 

 

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