Marwyn Value Investors Limited Notification of major interests in shares (1008Q)

TIDMMVI

RNS Number : 1008Q

Marwyn Value Investors Limited

24 November 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                      Marwyn Value Investors 
  the underlying issuer                                                           Limited 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------  ---------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
----------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                               X 
------------------------------------------------------------  --------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
------------------------------------------------------------  --------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
------------------------------------------------------------  --------------------------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------  --------------------------- 
 Other (please 
  specify): 
----------------------------------------------------------    --------------------------- 
 3. Full name of person(s)                                     Gramercy Funds Management, 
  subject to the                                                                      LLC 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ---------------------------- 
 4. Full name of shareholder(s)                                          BBH ISL Nominees 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ---------------------------- 
 5. Date of the transaction                                              11 November 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ---------------------------- 
 6. Date on which issuer                                                 23 November 2016 
  notified: 
-----------------------------------------------------------  ---------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                   5% 
-----------------------------------------------------------  ---------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                              Resulting situation after the 
  of             to the triggering                               triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  ----------------------------------------------  ------------------------------------------------------------- 
                Number           Number                         Number       Number of              % of voting 
                of                of                            of shares     voting                 rights (x) 
                Shares            Voting                                      rights 
                                  Rights 
-------------  ---------------  -----------------------------  -----------  ---------------------  ------------------------- 
                                                                Direct       Direct     Indirect    Direct        Indirect 
                                                                             (xi)        (xii) 
-------------      -----------      -----------  ------------  -----------  ---------  ----------  ------------  ----------- 
 KYG5897M1740                             4,011,624                                     3,943,336                 4.97% 
               ---------------  -----------------------------  -----------  ---------  ----------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration       Exercise/                                 Number of voting         % of voting 
 financial           date             Conversion                                rights that              rights 
 instrument          (xiii)           Period (xiv)                              may be 
                                                                                acquired if 
                                                                                the 
                                                                                instrument 
                                                                                is 
                                                                                exercised/ 
                                                                                converted. 
-----------------  ---------------  ----------------------------------------  -----------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise         Expiration     Exercise/                  Number of voting         % of voting 
 financial         price           date            Conversion                 rights instrument        rights (xix, 
 instrument                        (xvii)          period                     refers to                xx) 
                                                   (xviii) 
---------------  ---------------  -------------  -------------------------  -----------------------  ----------------------- 
                                                                                                      Nominal       Delta 
---------------  ---------------  -------------  -------------------------  -----------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                          Percentage of voting rights 
---------------------------------------------------------------  ----------------------------------------------------------- 
 3,943,336                                                        4.97% 
---------------------------------------------------------------  ----------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------- 
 
   Gramercy Funds Management LLC as investment manager 
   for and on behalf of various investment funds and accounts. 
   The ultimate controller of Gramercy Funds Management, 
   LLC is Robert Koenigsberger. 
 
 Proxy Voting: 
--------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
---------------------------------------------------------------  ---------------- 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
---------------------------------------------------------------  ---------------- 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
---------------------------------------------------------------  ---------------- 
 
 
  13. Additional information: 
---------------------------------------------------------------  ---------------- 
 14. Contact name:                                                Robert Lanava 
---------------------------------------------------------------  ---------------- 
 15. Contact telephone number:                                    [phone] 
---------------------------------------------------------------  ---------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 24, 2016 08:45 ET (13:45 GMT)