Exchange Procedure

RNS Number : 4389H

Marwyn Value Investors Limited

24 March 2020

 

LEI: 213800L5751QTTVEA774

24 March 2020

MARWYN VALUE INVESTORS LIMITED (THE "COMPANY")

EXCHANGE PROCEDURE

The Company announces that it has approved the utilisation of the Exchange Procedure (as defined and described in the Company's prospectus dated 19 October 2016) to exchange 1,422,228 ordinary shares in the capital of the Company ("Ordinary Shares") held by Marwyn Value Investors LP (the "Master Fund") for 1,422,228 exchange shares in the capital of the Company ("Exchange Shares"). The Ordinary Shares were acquired by the Master Fund through the Company's share buy back scheme as announced by the Company on 14 September 2018.

Accordingly, the number of Ordinary Shares in issue is reduced from 60,903,687 to 59,481,459 . The revised figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

The number of Exchange Shares in issue now stands at 27,340,367.

Company enquiries:

Louisa Bonney / Scott Danks

Axio Capital Solutions Limited

Telephone: [phone]

Gillian Martin

Liberum Capital Limited

Telephone: [phone]

PR enquiries:

Alex Child-Villiers / Will Barker

Temple Bar Advisory

Telephone: [phone]

 

END

 

 

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