Net Asset Value(s)

RNS Number : 3474N

Marwyn Value Investors Limited

09 June 2010

 



9 June 2010

Marwyn Value Investors Limited

Net Asset Value per Ordinary Share

The board of directors of Marwyn Value Investors Limited (the "Company") today announce that the estimated net asset value per ordinary share of the Company based on the estimated value of its interests in the Marwyn Value Investors L.P. is £1.095 as at 28 May 2010. The issued share capital as at 28 May 2010 was 67,006,473 ordinary shares and 15,150,000 exchange shares, which has not been adjusted for any potential warrant exercise dilution.

Warrant Summary

Number           Exercise Price            Subscription Period

23,259,055            £1.15                     30 September 2010

As at 28 May 2010 the closing mid share price of an ordinary share in the Company was £0.6750 and represented a discount of 38.4% to the net asset value per ordinary share.

As at 28 May 2010 the share price of an ordinary share in the Company was below the exercise price for the warrants.

Historic Performance

2010	Estimated Undiluted NAV * (£)	Movement over Period (%)	Movement over Month (%)	Year to date Movement (%)	Inception to date (%) **
May 28	1.095	+2.5	-0.3	+14.7	+41.1
May 21	1.069	+1.7	-2.7	+11.9	+37.6
May 14	1.051	+2.9	-4.3	+10.0	+35.3
May 7	1.021	-7.1	-7.1	+6.9	+31.5
April 30	1.098		+1.4	+15.0	+41.4
March 31	1.084		+6.0	+13.5	+39.5
February 26	1.022		+1.6	+7.0	+31.6
January 29	1.006		+5.4	+5.4	+29.6
2009:
December 31	0.955		-3.6	+38.5	+22.9
November 30	0.991		+9.7	+43.7	+27.5
October 30	0.903		+3.3	+30.9	+16.2
September 30	0.874		+4.9	+26.7	+12.5
August 28	0.833		+1.7	+20.8	+7.2
July 31	0.819		-7.6	+18.8	+5.5
June 30	0.887		-2.1	+28.6	+14.2
May 29	0.905		+24.1	+31.3	+16.6

* Prepared on the following basis:

i. Subsequent to the reorganisation of the Company on 8 July 2009 the new incentive arrangement is being accrued for

** Prepared on the following basis:

i.   The inception to date movement is based on the combined weighted average NAV of Marwyn Value Investors I, II and B shares prior to their amalgamation, using the conversion ratio published on 17 April 2008.

Enquiries to:

Axio Capital Solutions Limited

Surville Office

Surville, La Ruette Pinel

St Helier, Jersey JE2 3HF

 

END

 

 

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