Net Asset Value(s)

RNS Number : 5618C

Marwyn Value Investors Limited

16 November 2009

 



16 November 2009

Marwyn Value Investors Limited

Net Asset Value per Ordinary Share

The board of directors of Marwyn Value Investors Limited (the "Company") today announce that the estimated net asset value per ordinary share of the Company based on the estimated value of its interests in the Marwyn Neptune Fund L.P. is £0.898 as at 06 November 2009. This has not been adjusted for any potential warrant exercise dilution.

Warrant Summary

 Number     Exercise Price     Subscription Period

23,259,055       £1.15         30 September 2010

As at 06 November 2009 the share price of an ordinary share in the Company represented a discount of 33.7% to the net asset value per ordinary share.

As at 06 November 2009 the share price of an ordinary share in the Company was below the exercise price for the warrants.

Historic Performance

2009	Estimated Undiluted NAV * (£)	Movement over Period (%)	Movement over Month (%)	Year to date Movement (%)
Nov 06	0.898	-0.5	-0.5	+30.2
Oct 30	0.903		+3.3	+30.9
Sept 30	0.874		+4.9	+26.7
August 28	0.833		+1.7	+20.8
July 31	0.819		-7.6	+18.8
June 30	0.887		-2.1	+28.6
May 29	0.905		+24.1	+31.3
April 30	0.730		+8.4	+5.8
March 31	0.673		+2.4	-2.4
February 28	0.657		+1.1	-4.7
January 31	0.650		-5.7	-5.7
2008
December 31	0.689		-8.7	-44.9

* Prepared on the following basis: 

i. Subsequent to the reorganisation of the Company on 8 July 2009 the new incentive arrangement

   is being accrued for

ii.The ordinary shares in the Company acquired by the Marwyn Neptune Fund L.P. pursuant to the 
   tender offer of 14 September 2009 are no longer in issue

Enquiries to:

Axio Capital Solutions Limited

Surville Office

Surville Manor

La Ruette Pinel
St Helier

Jersey JE2 3HF

 

END

 

 

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