THIS ANNOUNCEMENT AND THE
INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH
AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR
ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO
LEI: 213800L5751QTTVEA774
2 August 2024
Marwyn Value Investors
Limited
Net Asset Value per 2016
Realisation Share
The board of directors of Marwyn
Value Investors Limited (the "Company") today announces that the
estimated net asset value ("NAV") per 2016
realisation share of the Company based on the estimated value of
its interests in Marwyn Value Investors L.P. is £4.22997 as
at 31 July 2024. As
at 31 July 2024, there were 684,006 2016 realisation shares in
issue.
As at 31
July 2024 the closing mid share price of a
2016 realisation share in the Company was £2.33000 and represented
a discount of 44.92% to the NAV per 2016 realisation
share.
Historic NAV Performance
|
|
Estimated
NAV
per
share
(£)
|
Movement
over
Month
(%)
|
Year to
date
Movement
(%)
|
Inception
to date
shareholder total
return
(%)1
|
Shareholder total
return
from creation
of class
(%)2
|
|
2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
July 31
|
4.22997
|
+1.9
|
+3.3
|
+205.8
|
+5.2
|
|
June 30
|
4.14936
|
+0.1
|
+1.2
|
+204.9
|
+4.9
|
|
May 31
|
4.14416
|
+0.5
|
+1.2
|
+204.8
|
+4.8
|
|
April 30
|
4.12327
|
-0.0
|
+0.7
|
+204.6
|
+4.8
|
|
March 31
|
4.12382
|
+0.4
|
+0.7
|
+204.6
|
+4.8
|
|
February 29
|
4.10894
|
+0.5
|
+0.3
|
+204.5
|
+4.7
|
|
January 31
|
4.08968
|
-0.2
|
-0.2
|
+204.2
|
+4.6
|
|
|
|
|
|
|
|
|
2023:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31
|
4.09624
|
+12.1
|
+9.0
|
+204.3
|
+4.7
|
|
November 30
|
3.65435
|
+3.7
|
-2.8
|
+199.5
|
+3.0
|
|
October 31
|
3.52492
|
-0.2
|
-6.2
|
+198.1
|
+2.5
|
|
September 30
|
3.53117
|
-0.1
|
-6.1
|
+198.2
|
+2.6
|
|
August 31
|
3.53425
|
+3.9
|
-6.0
|
+198.2
|
+2.6
|
|
July 31
|
3.40085
|
-0.3
|
-9.5
|
+196.3
|
+1.9
|
|
June 30
|
3.40993
|
-0.1
|
-9.3
|
+196.4
|
+1.9
|
|
May 31
|
3.41236
|
+0.4
|
-9.2
|
+196.4
|
+1.9
|
|
April 30
|
3.40031
|
-0.3
|
-9.6
|
+196.3
|
+1.9
|
|
March 31
|
3.41029
|
-9.1
|
-9.3
|
+196.4
|
+1.9
|
|
February 28
|
3.75189
|
-0.1
|
-0.2
|
+201.4
|
+3.7
|
|
January 31
|
3.75628
|
-0.1
|
-0.1
|
+201.5
|
+3.7
|
NAV
Allocation
Based upon the Company's indirect
investments, the estimated allocation of the 2016 realisation share
NAV is:
|
2016 Realisation Shares
|
Total Value
(£m)3
|
NAV/pence per 2016
Realisation Share
|
% of NAV
|
|
Investment Portfolio
|
|
|
|
|
Quoted
investments
|
|
|
|
|
Zegona Communications
|
0.3
|
41.6
|
9.8%
|
|
Unquoted
investments
|
|
|
|
|
Le Chameau4
|
2.4
|
350.5
|
82.9%
|
|
Total Value
|
2.7
|
392.0
|
92.7%
|
|
Cash
|
0.7
|
108.2
|
25.6%
|
|
Other assets /
liabilities
|
(0.5)
|
(77.3)
|
(18.3)%
|
|
Net
Asset Value
|
2.9
|
423.0
|
100.0%
|
Notes
1Inception to date shareholder total return is
calculated based on the ordinary share performance
up to the date the ordinary shares were converted to 2016
realisation shares on 30 November 2016, then movement in total
shareholder value, including all distributions made to 2016
realisation shareholders from that date.
2Shareholder total return from creation of class is calculated
as the movement in total shareholder value, including all
distributions made to 2016 realisation shareholders since the
creation of the 2016 realisation shares on 30 November
2016.
3Portfolio investments are held at fair value in accordance with
International Financial Reporting Standards ("IFRS"). Quoted investments with
sufficient volume and frequency of trading to constitute an 'active
market' under IFRS are held at their listed price on the valuation
date. Unquoted investments, and quoted investments where there is
no active market, are valued in accordance with International
Private Equity and Venture Capital guidelines on a quarterly basis
or whenever there is a material change in the investment which
would indicate a significant change in valuation.
4The investment in Le Chameau is held through Silvercloud
Holdings Limited ("Silvercloud"), with the value allocated
to Le Chameau being the value attributable to each share class of
Marwyn Value Investors L.P.'s holding in Silvercloud.
Shares in
the Company are not designed or intended for retail investors.
Marwyn Investment Management LLP, the Manager, does not promote
shares in the Company to retail investors and they should not be
offered to retail investors.
Enquiries to:
Aztec Financial Services (Jersey) Limited
Aztec Group House
IFC6
The Esplanade
St Helier
Jersey
JE4 0QH
