Net Asset Value(s)

RNS Number : 5050V

Marwyn Value Investors Limited

13 December 2013

 



13 December 2013

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 £2.52234 as at 29 November 2013. As at 29 November 2013, there were 66,106,473 ordinary shares and 16,050,000 exchange shares in issue.

As at 29 November 2013 the closing mid share price of an ordinary share in the Company was £1.845 and represented a discount of 26.9% to the net asset value per ordinary share.

Historic Performance

	Estimated NAV (£) *	Movement over Period (%)	Movement over Month (%)	Year to date Movement (%)	Inception to date (%) **
2013:
November 29	2.52234	+1.5	-1.0	+34.8	+224.8
November 22	2.48492	-0.8	-2.5	+32.8	+220.0
November 15	2.50370	-1.7	-1.7	+33.8	+222.4
November 8	2.54612	-0.1	-0.1	+36.1	+227.8
October 31	2.54743		+9.6	+36.1	+228.0
September 30	2.32412		+3.1	+24.2	+199.3
August 30	2.25437		+3.5	+20.5	+190.3
July 31	2.17790		+3.5	+16.4	+180.4
June 28	2.10505		-0.8	+12.5	+171.1
May 31	2.12185		+2.6	+13.4	+173.2
April 30	2.06839		+1.8	+10.5	+166.3
March 28	2.03236		-2.1	+8.6	+161.7
February 28	2.07505		+6.6	+10.9	+167.2
January 31	1.94739		+4.1	+4.1	+150.8

Prepared on the following basis:

Silverdell plc shares were temporarily suspended from trading on 2 July 2013.  From 2 July 2013 to 29 November 2013, the value of Silverdell plc included in the weekly NAV was calculated using the last available share price prior to the temporary suspension.  Following the Company's announcement on 10 December 2013, the value of Silverdell plc shares has been written down to zero.  The NAV for the week ended 6 December 2013 will reflect the nil valuation. If Silverdell plc had been valued at nil for the purpose of the 29 November 2013 NAV, the impact on that NAV would have been a reduction in value of £4.3m, equivalent to 6.47p per ordinary share in the Company.

* Ordinary shares in the Company acquired by Marwyn Value Investors L.P. are no longer in issue.

** 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

Axio House

Robin Place

St Helier

Jersey

JE2 4LT     

 

END

 

 

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