Marwyn Value Investors Limited Net Asset Value and Realisation Share Redemption (2519U)
21 October 2017 - 2:41AM
UK Regulatory
TIDMMVI TIDMMVIR
RNS Number : 2519U
Marwyn Value Investors Limited
20 October 2017
20 October 2017
Marwyn Value Investors Limited
Net Asset Value per Realisation Share
The board of directors of Marwyn Value Investors Limited (the
"Company") today announces that the estimated net asset value per
Realisation Share of the Company based on the estimated value of
its interests in Marwyn Value Investors L.P. is GBP2.40061 as at 6
October 2017. As at 6 October 2017 there were 8,520,206 Realisation
Shares in issue.
As at 6 October the closing mid share price of a Realisation
Share in the Company was GBP1.7000 and represented a discount of
29.18% to the net asset value per Realisation Share.
Historic Performance
Estimated Movement Movement Year NAV Inception
NAV over over to date to date
per Period Month Movement (%) *
share (%) (%) (%)
(GBP)
2017:
October
6 2.40061 +0.3 +0.3 +13.0 +11.3
September
29 2.39380 +1.0 +12.7 +11.0
August
31 2.36926 +3.1 +11.5 +9.9
July 31 2.29884 -0.6 +8.2 +6.6
June 30 2.31222 -2.8 +8.8 +7.2
May 31 2.37761 +5.2 +11.9 +10.2
April 28 2.26040 +3.0 +6.4 +4.8
March 31 2.19391 +5.1 +3.3 +1.7
February
28 2.08682 -1.1 -1.8 -3.2
January
31 2.10976 -0.7 -0.7 -2.2
2016:
December
30 2.12439 -1.5 -1.5 -1.5
November
30 2.15676
*Inception to date is calculated from the creation of the
Realisation Shares on 30 November 2016
Realisation Share redemption
Further to the Company's announcement on 9 October 2017 that it
will return 44.755 pence per Realisation Share by way of a partial
cash redemption, the Company can now confirm that 18.643 per cent.
of the Company's issued Realisation Shares will be redeemed on the
redemption date (being 30 October 2017). Fractions of Realisation
Shares will not be redeemed and so the number of Realisation Shares
to be redeemed for each shareholder will be rounded down to the
nearest whole number of Realisation Shares.
By way of illustration and based on the estimated net asset
value per Realisation Share as at 6 October 2017 ("NAV"), a holder
at the record date of 1,000 Realisation Shares with an aggregate
NAV of GBP2,400.61 will:
- be entitled to an aggregate return of GBP447.55 (before
rounding down the number of Realisation Shares to be redeemed to
the nearest whole share);
- have 186 of their Realisation Shares, with an aggregate NAV of GBP446.51, redeemed; and
- will continue to hold Realisation Shares with an aggregate NAV of GBP1,954.10.
The existing ISIN KYG5897M2086 of the Realisation Shares (the
"Old ISIN") will expire on the redemption date (30 October 2017).
The new ISIN KYG5897M1823 of the Company's Realisation Shares post
the redemption (the "New ISIN") will be enabled from 8.00 a.m. on
31 October 2017. Up to the redemption date (but not including 31
October 2017), Realisation Shares will be traded under the Old
ISIN. Purchases of Realisation Shares that are unsettled as at the
close of business on the record date for the redemption (30 October
2017), including trades arranged after the record date but before
the redemption date, will be transformed automatically by CREST and
will settle under the New ISIN with an accompanying delivery of
cash through CREST in respect of the pro rata redemption proceeds.
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) by 17 November 2017.
The timetable for the redemption, which has been updated since
the Expected Timetable was announced on 9 October 2017, is set out
below.
Timetable:
Record date for redemption 5.00 p.m. on 30 October
2017
Redemption date 30 October 2017
Admission of Realisation 8.00 a.m. on 31 October
Shares under new ISIN 2017
Ex-date 31 October 2017
Payment of the redemption 17 November 2017
proceeds
Enquiries to:
Axio Capital Solutions Limited
One Waverley Place
Union Street
St Helier
Jersey
JE1 1AX
This information is provided by RNS
The company news service from the London Stock Exchange
END
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