Marwyn Value Investors Limited Distribution to 2016 Realisation Shareholders (7869L)
08 Septiembre 2023 - 1:00AM
UK Regulatory
TIDMMVI TIDMMVIR
RNS Number : 7869L
Marwyn Value Investors Limited
08 September 2023
LEI: 213800L5751QTTVEA774
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
8 September 2023
MARWYN VALUE INVESTORS LIMITED (THE "COMPANY")
DISTRIBUTION TO 2016 REALISATION SHAREHOLDERS
Further to the announcement made by the Company on 30 August
2023, the Board is pleased to provide details of the distribution
of GBP1.046 million attributable to the Company's 2016 realisation
shares (the "2016 Realisation Shareholders") (the "VAT Reclaim
Realisation Share Proceeds").
The VAT Reclaim Realisation Share Proceeds will be distributed
to the 2016 Realisation Shareholders in accordance with the terms
of the Company's 2016 realisation share class. Of the total amount
of GBP1,046,170 to be distributed, it is expected that
approximately:
- GBP880,285 will be returned to the 2016 Realisation Shareholders (the "Distribution"); and
- GBP165,885 will be distributed by the Master Fund as the related incentive allocation.
The Distribution will be effected by way of a compulsory
redemption undertaken pro rata to holdings of 2016 realisation
shares on the register as at the close of business on the record
date for the redemption, being 5 October 2023. The number of 2016
realisation shares to be redeemed will be determined by reference
to the estimated net asset value per 2016 realisation share ("NAV")
as at 8 September 2023.
The NAV as at 8 September 2023, along with the number of 2016
realisation shares that will be redeemed and the amount of the
Distribution, will be announced by the Company on 22 September
2023. As fractions of 2016 realisation shares will not be redeemed,
the number of 2016 realisation shares held by each 2016 Realisation
Shareholder to be redeemed will be rounded down to the nearest
whole number of 2016 realisation shares.
As at the date of this announcement, the Company has 933,070
2016 realisation shares in issue. All of the 2016 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 2016 realisation shares in issue.
Further details on the changes to the ISIN of the 2016
realisation shares caused by the redemption will be announced on or
before 5 October 2023. The payment of the redemption monies to
eligible holders of 2016 realisation shares is expected to be
effected through CREST (in the case of holders of depository
interests relating to the 2016 realisation shares) or by cheque (in
the case of 2016 realisation shares held in certificated form) by
20 October 2023.
Expected Timetable:
NAV as at 8 September 2023 and estimate 22 September 2023
of 2016 realisation shares to be
redeemed announced
Record date for redemption 6.00 p.m. on 5 October 2023
Redemption date 5 October 2023
Admission of 2016 realisation shares 8.00 a.m. on 6 October 2023
under new ISIN
Ex-date 6 October 2023
Payment of the redemption proceeds On or before 20 October
2023
Company enquiries:
Aztec Financial Services (Jersey) Limited
Chris Copperwaite / Magdala Mullegadoo
Telephone: 01534 833000
Investor Relations
Kam Bansil
Telephone: 020 7039 1901
PR Adviser - FGS Global
Rollo Head 07768 994987
Chris Sibbald 07855 95553
Corporate Broker - Liberum Capital Limited
Chris Clarke / Owen Matthews
Telephone: 0203 100 2200
Marwyn Value Investors Limited is a closed-ended investment
company listed on the London Stock Exchange Specialist Fund Segment
- a fully regulated market for professional, institutional and
sophisticated investors. Marwyn's previous 12 comparable listed
acquisition companies which have completed a platform acquisition
have delivered in excess of GBP4.5 billion in equity profits and an
aggregate return on capital to shareholders of 123 per cent (as at
31 July 2023).
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.
For further information see http://www.marwynvalue.com . Neither
the content of the Company's website, nor the content on any
website accessible from hyperlinks on its website for any other
website, is incorporated into, or forms part of, this announcement
nor, unless previously published by means of a recognised
information service, should any such content be relied upon in
reaching a decision as to whether or not to acquire, continue to
hold, or dispose of, securities in the Company.
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END
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