Proposed placing of B ordinar

RNS Number : 8836C

Marwyn Value Investors Limited

23 November 2009

 



NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES, 

CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER RESTRICTED JURISDICTION  

 Marwyn Value Investors Limited

("Marwyn" or the "Company")

23 November 2009

Proposed placing of up to 5,000,000 B ordinary shares at 100 pence per share to raise up to £5 million  (the "Proposed Placing"). 

Marwyn (SFM: MVI) is pleased to announce a proposed placing to raise up to £5,000,000 before expenses, through the placing of up to 5,000,000 new B ordinary shares (the "Placing Shares") at 100 pence per share with institutional investors by the Company's broker, Cenkos Securities plc. 

The proceeds of the Proposed Placing will be used by the Company to invest in a new class of interests in Marwyn Value Investors L.P. (formerly known as Marwyn Neptune Fund L.P.). The new class of interests will be designated  Class B1 Interests.  

The Proposed Placing is conditional upon receipt of placing commitments and admission of the Placing Shares to the Specialist Fund Market. If the Proposed Placing occurs and becomes unconditional, dealings are expected to commence on 30 November 2009. 

Ends 

For further information please contact: 

Cenkos Securities plc	Tel: [phone]
Peter Hindmarsh

 

END

 

 

MSCFGMZMNGZGLZM