Returns to Realisation shareholders

RNS Number : 9120B

Marwyn Value Investors Limited

25 September 2018

 

25 September 2018

Marwyn Value Investors Limited

(the "Company")

RETURNS TO REALISATION SHAREHOLDERS

Further to the announcement made by Gloo Networks plc ("Gloo") on 4 June 2018, the initial distribution from the voluntary liquidation of Gloo has resulted in proceeds attributable to holders of the Company's Realisation Shares of £443,002.

The Company will return to Realisation Shareholders a total amount of £443,002 (the "Distribution"), equivalent to a return of 6.391 pence per Realisation Share, by way of a capital redemption of the Company's Realisation Shares.

The Distribution will be effected by way of a redemption undertaken pro rata to holdings of Realisation Shares on the register as at the close of business on the record date for the redemption, being 15 October 2018.  The number of Realisation Shares to be redeemed will be calculated by reference to the net asset value per Realisation Share as at 21 September 2018.

The net asset value for 21 September 2018 and the number of Realisation Shares that will be redeemed on a pro rata basis in order to give effect to the capital return will be announced by the Company on or before 5 October 2018.  Fractions of Realisation Shares will not be redeemed and so the number of Realisation Shares held by each Shareholder to be redeemed will be rounded down to the nearest whole number of Realisation Shares.

As at today's date, the Company has 6,931,793 Realisation Shares in issue. All of the Realisation Shares redeemed on the redemption date will be cancelled. A further announcement will be released following the record date to confirm the new number of Realisation Shares in issue.

Further details on the changes to the ISIN of the Realisation Shares caused by the redemption will be announced shortly. The payment of the redemption monies to eligible holders of Realisation Shares is expected to be effected through CREST (in the case of holders of depository interests relating to the Realisation Shares) or by cheque (in the case of Realisation Shares held in certificated form) on 5 November 2018.

Expected Timetable:

NAV as at 21 September 2018 and estimate of Realisation Shares to be redeemed announced	5 October 2018
Record date for redemption	5.00 p.m. on 15 October 2018
Redemption date	15 October 2018
Admission of Realisation Shares under new ISIN	8.00 a.m. on 16 October 2018
Ex-date	16 October 2018
Payment of the redemption proceeds	5 November 2018

Company enquiries:

Louisa Bonney / Scott Danks

Axio Capital Solutions Limited

Telephone: [phone]

Gillian Martin  / Steve Pearce

Liberum Capital Limited

Telephone: [phone]

PR enquiries:

Alex Child-Villiers / Will Barker

Temple Bar Advisory Limited

Telephone: [phone]

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