Proposed move to the SFM

RNS Number : 3136H

Marwyn Value Investors Limited

03 November 2008

 



THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

3 November 2008

Marwyn Value Investors Limited ('MVI' or the 'Company')

Proposed move to the Specialist Fund Market of the London Stock Exchange plc

Highlights

• Listing on a Regulated Market will raise the Company's profile and provide access to a broader base of potential investors

• Increased transparency for investors

Marwyn Value Investors Limited (AIM: MVI) announces that it intends to apply for admission to the Specialist Fund Market of the London Stock Exchange plc (the 'SFM').  Subject to the approval by the UK Listing Authority of the prospectus to be issued in connection with admission to the SFM and the approval of the London Stock Exchange plc, trading on the SFM is expected to commence on or around 8 December 2008.

Pursuant to Rule 41 of the AIM Rules for Companies, MVI hereby gives notice that trading in MVI's shares and warrants will be cancelled simultaneously with admission to trading on the SFM.  Shareholder approval for this process is not required and will not be sought. 

The directors of MVI believe admission to the SFM is in the best interests of shareholders because it will raise the profile of the Company, provide access to a broader base of investors and enhance the status of the Company as an entity listed on an exchange regulated by the Financial Services Authority. Among other things, this is expected to have a positive impact on the amount of funds under management in both MVI and the Marwyn Neptune Fund L.P. (the fund into which MVI invests) with the associated benefits of scale.

The Company is not raising any funds or issuing any new shares or warrants in connection with admission to the SFM and, accordingly, the interests of existing shareholders and warrant holders of the Company will not be diluted as a result of admission to the SFM. The Company's stock code will continue to be SFM:MVI and on admission there will be 82,156,473 shares and 23,259,055 warrants in issue.

The trading code ('TIDM') and ISIN for the Company's traded instruments will remain unchanged as set out below:

Company instrument	ISIN	TIDM
Ordinary shares of 10p each	GG00B1DSZV37	MVI
Warrants	GG00B2Q3TT86	MVIW

David Williams, Chairman commented: 

'We are always looking to broaden our investor base and are delighted that Marwyn Value Investors, the listed feeder fund to the Marwyn Neptune Fund, will be joining the SFM with its dedicated infrastructure and focus on institutional, professional and highly knowledgeable investors. Given the intention to further enhance the Marwyn Neptune Fund portfolio, both through existing and new investments, we are very pleased to be making a move that should considerably assist our fundraising ability. '

This announcement does not constitute an offer or invitation to any person to subscribe for or purchase any securities in the Company or any other entity. This announcement has been issued by the Company and is the sole responsibility of the Company.

The prospectus will, in due course, be available on the Company's website at http://www.marwynvalue.com.

Contact:

Collins Stewart Europe Limited 

Seema Paterson, Stewart Wallace, Lorraine Delannoy  020 7523 8350

ABOUT MARWYN VALUE INVESTORS LIMITED

Marwyn Value Investors Limited was incorporated with limited liability in Guernsey on 5 September 2006 as a closed ended investment company established to provide a listed entity for investors to gain exposure to the investment strategy pursued by the Marwyn Neptune Fund L.P. The company began trading on AIM on 6 October 2006.

 

END

 

 

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