Distribution to 2016 Realisation Shareholders

Marwyn Value Investors Limited

08 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

8 September 2023

MARWYN VALUE INVESTORS LIMITED (THE "COMPANY")

DISTRIBUTION TO 2016 REALISATION SHAREHOLDERS

Further to the announcement made by the Company on 30 August 2023, the Board is pleased to provide details of the distribution of £1.046 million attributable to the Company's 2016 realisation shares (the "2016 Realisation Shareholders") (the "VAT Reclaim Realisation Share Proceeds").

The VAT Reclaim Realisation Share Proceeds will be distributed to the 2016 Realisation Shareholders in accordance with the terms of the Company's 2016 realisation share class. Of the total amount of £1,046,170 to be distributed, it is expected that approximately:

-       £880,285 will be returned to the 2016 Realisation Shareholders (the "Distribution"); and

-       £165,885 will be distributed by the Master Fund as the related incentive allocation.

The Distribution will be effected by way of a compulsory redemption undertaken pro rata to holdings of 2016 realisation shares on the register as at the close of business on the record date for the redemption, being 5 October 2023.  The number of 2016 realisation shares to be redeemed will be determined by reference to the estimated net asset value per 2016 realisation share ("NAV") as at 8 September 2023.

The NAV as at 8 September 2023, along with the number of 2016 realisation shares that will be redeemed and the amount of the Distribution, will be announced by the Company on 22 September 2023. As fractions of 2016 realisation shares will not be redeemed, the number of 2016 realisation shares held by each 2016 Realisation Shareholder to be redeemed will be rounded down to the nearest whole number of 2016 realisation shares.

As at the date of this announcement, the Company has 933,070 2016 realisation shares in issue. All of the 2016 realisation shares redeemed on the redemption date will be cancelled. A further announcement will be released following the record date to confirm the new number of 2016 realisation shares in issue.

Further details on the changes to the ISIN of the 2016 realisation shares caused by the redemption will be announced on or before 5 October 2023. The payment of the redemption monies to eligible holders of 2016 realisation shares is expected to be effected through CREST (in the case of holders of depository interests relating to the 2016 realisation shares) or by cheque (in the case of 2016 realisation shares held in certificated form) by 20 October 2023.

Expected Timetable:

NAV as at 8 September 2023 and estimate of 2016 realisation shares to be redeemed announced	22 September 2023
Record date for redemption	6.00 p.m. on 5 October 2023
Redemption date	5 October 2023
Admission of 2016 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

Company enquiries:

Aztec Financial Services (Jersey) Limited

Chris Copperwaite / Magdala Mullegadoo

Telephone: [phone]

Investor Relations

Kam Bansil

Telephone: [phone]

PR Adviser - FGS Global

Rollo Head 07768 994987

Chris Sibbald 07855 95553

Corporate Broker - Liberum Capital Limited

Chris Clarke / Owen Matthews

Telephone: [phone]

Marwyn Value Investors Limited is a closed-ended investment company listed on the London Stock Exchange Specialist Fund Segment - a fully regulated market for professional, institutional and sophisticated investors. Marwyn's previous 12 comparable listed acquisition companies which have completed a platform acquisition have delivered in excess of £4.5 billion in equity profits and an aggregate return on capital to shareholders of 123 per cent (as at 31 July 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.

For further information see http://www.marwynvalue.com. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

 

END