Net Asset Value(s)

RNS Number : 3506H

Marwyn Value Investors Limited

18 February 2010

 



18 February 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 £1.006 as at 5 February 2010. This 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 5 February 2010 the share price of an ordinary share in the Company represented a discount of 34.9% to the net asset value per ordinary share.

As at 5 February 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 (%)
February 5	1.006	-0.1	-0.1	+5.3
January 29	1.006		+5.4	+5.4
2009:
December 31	0.955		-3.6	+38.5
November 30	0.991		+9.7	+43.7
October 30	0.903		+3.3	+30.9
September 30	0.874		+4.9	+26.7
August 28	0.833		+1.7	+20.8
July 31	0.819		-7.6	+18.8
June 30	0.887		-2.1	+28.6
May 29	0.905		+24.1	+31.3
April 30	0.730		+8.4	+5.8
March 31	0.673		+2.4	-2.4
February 28	0.657		+1.1	-4.7

* 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

ii. The ordinary shares in the Company acquired by Marwyn Value Investors L.P. (formerly Marwyn Neptune Fund L.P.) pursuant to the tender offer of 14 September 2009 are no longer in issue

Enquiries to:

Axio Capital Solutions Limited

Surville Office

Surville

La Ruette Pinel

St Helier

Jersey JE2 3HF

 

END

 

 

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