2016 Realisation Share Redemption

Marwyn Value Investors Limited

22 September 2023

 

LEI: 213800L5751QTTVEA774

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

22 September 2023

MARWYN VALUE INVESTORS LIMITED (THE "COMPANY")

2016 REALISATION SHARE REDEMPTION

On 8 September 2023, the Company announced that the proceeds received from the historic Praesepe VAT reclaims attributable to holders of the Company's 2016 realisation shares (the "2016 Realisation Shareholders") will be distributed in accordance with the terms of the Company's realisation class.

The Company can now confirm that, subject to rounding as described below, £880,286 will be returned to 2016 Realisation Shareholders and 26.694 per cent. of the Company's issued realisation shares will be redeemed on the redemption date (being 5 October 2023) (the "Redemption Date").  As fractions of realisation shares will not be redeemed, the number of realisation shares held by each Realisation Shareholder to be redeemed will be rounded down to the nearest whole number of realisation shares.

By way of illustration and based on the estimated Net Asset Value ("NAV") per realisation share as at 8 September 2023, a holder at the record date of 1,000 realisation shares with an aggregate NAV of £3,534.24 would:

-       be entitled to an aggregate return of £943.43 (before rounding down the number of realisation shares to be redeemed to the nearest whole number of realisation shares);

-          have 266 of their realisation shares, with an aggregate NAV of £940.11, redeemed; and

-          continue to hold realisation shares with an aggregate NAV of £2,594.13.

The existing ISIN of the realisation shares (KYG5897M4066, the "Old ISIN") will expire following the close of business on the Redemption Date.  The new ISIN of the Company's realisation shares post the redemption (KYG5897M2326, the "New ISIN") will be enabled from 8.00 a.m. on 6 October 2023.  Up to close of business on the Redemption Date, realisation shares will be traded under the Old ISIN.  Purchases of realisation shares that are unsettled as at the close of business on the Redemption Date will be transformed automatically by CREST and will settle under the New ISIN with an accompanying delivery of cash through CREST in respect of the pro rata redemption proceeds. The payment of the redemption monies to eligible holders of realisation shares is expected to be effected through CREST (in the case of holders of depository interests relating to the realisation shares) or by cheque (in the case of realisation shares held in certificated form) by 20 October 2023.

The timetable for the redemption is set out below:

Expected Timetable:

Record date for redemption	6.00 p.m. on 5 October 2023
Redemption date	5 October 2023
Admission of Realisation Shares under new ISIN	8.00 a.m. on 6 October 2023
Ex-date	6 October 2023
Payment of the redemption proceeds	On or before 20 October 2023

Shares in the Company are not designed or intended for retail investors. Marwyn Investment Management LLP, the Manager, does not promote shares in the Company to retail investors and they should not be offered to retail investors.

Enquiries to:

Aztec Financial Services (Jersey) Limited

Aztec Group House

11-15 Seaton Place

St Helier

Jersey

JE4 0QH

 

END