Implementation of Distribution Policy

RNS Number : 8716L

Marwyn Value Investors Limited

15 January 2021

 

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

LEI: 213800L5751QTTVEA774

15 January 2021

Marwyn Value Investors Limited ("MVIL" or the "Company")

Implementation of Distribution Policy

Further to the announcement made by the Company on 16 December 2020, where the Company announced the intention to satisfy its Ordinary Share Distribution Policy (the "Policy") by distributing at least fifty per cent. by way of dividends, with the remainder by way of share buybacks, the board of directors of the Company (the "Board") has sought feedback on the implementation of the policy from significant shareholders.

As a result of these discussions, the Board has determined that, at this time, the most suitable method through which to satisfy the Policy is to distribute the full amount required as dividends. Accordingly, the Board has resolved that, until further notice, all distributions under the Policy will be made through dividend payments on a quarterly basis.

A further announcement detailing the timing and amount of the first quarterly dividend of 2021 will be made in due course.

The Board will continue to assess the means by which the policy is implemented on a regular basis in conjunction with feedback from shareholders.

Company enquiries:

Scott Danks / Louisa Bonney

Telephone: [phone]

Gillian Martin / Richard Bootle / Owen Matthews

Liberum Capital Limited

Telephone: [phone]

PR enquiries:

Alex Child-Villiers / Will Barker

Temple Bar Advisory Limited

Telephone: [phone]

 

END

 

 

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