Results of Realisation Share Offer

RNS Number : 2040Q

Marwyn Value Investors Limited

25 November 2016

 

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM), CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

25 November 2016

Marwyn Value Investors Limited (the "Company")

Results of Realisation Share Offer

Further to the announcement published by the Company on 19 October 2016, the Company is pleased to confirm the results of the realisation share offer made to Company shareholders (the "Realisation Share Offer").

The Company has received elections from and on behalf of shareholders for 8,520,206 ordinary shares of 0.0001p each in the capital of the Company ("Ordinary Shares"), representing 10.75 per cent. of the issued Ordinary Shares, to redesignate such Ordinary Shares as realisation shares of 0.0001p each ("Realisation Shares"). A total of 8,520,206 Ordinary Shares will therefore be redesignated as Realisation Shares (the "Redesignation").

An application has been made to the London Stock Exchange ("LSE") for admission of the Realisation Shares  to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange (the "SFS") ("Admission"). The Company has received confirmation from the LSE that the Realisation Shares satisfy the LSE's eligibility criteria for Admission.

It is expected that the Redesignation will be completed, Admission will become effective and that, subject to Admission, dealings on the SFS for normal settlement in the Realisation Shares will commence at 8:00 a.m. on 30 November 2016.

No director of the Company has elected to redesignate any of his or her Ordinary Shares as Realisation Shares.

The ISIN of the Realisation Shares is KYG5897M2086, and the SEDOL is BZ0BJH7. 

This announcement contains inside information.

Company enquiries:

Louisa Bonney / Anita Weaver

Axio Capital Solutions Limited

Telephone: [phone]

Liberum Capital Limited

Steve Pearce / Henry Freeman

Telephone: [phone]

PR enquiries:

Alex Child-Villiers / Ed Orlebar

Temple Bar Advisory Limited

Telephone: [phone]

IMPORTANT INFORMATION

This announcement has been prepared by, and is the sole responsibility of, the directors of the Company.

Liberum Capital Limited ("Liberum") is acting only for the Company in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Liberum or advice to any other person in relation to the matters contained herein.

This announcement may not be published, distributed or transmitted by any means or media, directly or indirectly, in whole or in part, in or into the United States.  This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States.  Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities mentioned herein have not been, and will not be, registered under the Securities Act and will not be offered to the public in the United States.  The Company has not been, and will not be, registered under the US Investment Company Act of 1940, as amended.

Neither this announcement nor any copy of it may be taken or transmitted into or distributed in any member state of the European Economic Area (other than the United Kingdom), Canada, Australia, the Republic of South Africa or Japan or any resident thereof.  Any failure to comply with these restrictions may constitute a violation of the securities laws or the laws of any such jurisdiction.  The distribution of this announcement in other jurisdictions may be restricted by law and the persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.

This announcement may include "forward-looking statements".  All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, investment strategy, plans and objectives are forward-looking statements.

Forward-looking statements are subject to risks and uncertainties and accordingly the Company's actual future financial results and performance may differ materially from the results and performance expressed in, or implied by, the statements.  These forward-looking statements speak only as at the date of this announcement.  The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect actual results or any change in the assumptions, conditions or circumstances on which any such statements are based unless required to do so by the Financial Services and Markets Act 2000, the Prospectus Rules of the Financial Conduct Authority or other applicable laws, regulations or rules.

 

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