Marwyn Value Investors Limited Net Asset Value (6485K)

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RNS Number : 6485K

Marwyn Value Investors Limited

05 January 2021

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

5 January 2021

Marwyn Value Investors Limited

Net Asset Value per Ordinary Share

The board of directors of Marwyn Value Investors Limited (the "Company") today announces that the estimated net asset value per ordinary share of the Company based on the estimated value of its interests in Marwyn Value Investors L.P. is GBP1.55530 as at 18 December 2020. As at 18 December 2020, there were 55,850,842 ordinary shares and 30,970,984 exchange shares in issue.

As at 18 December 2020 the closing mid share price of an ordinary share in the Company was GBP1.0850 and represented a discount of 30.24% to the net asset value per ordinary share.

Historic Performance

 
                Estimated     Movement      Movement     Year to    NAV Inception   Total Return 
                 NAV per     over Period      over         date        to date        Inception 
                  share          (%)        Month (%)    Movement       (%) *          to date 
                  (GBP)                                    (%)                         (%) ** 
 
  2020: 
 
  December 
   18            1.55530        -0.2          -1.3        -3.1         +100.3          +124.3 
  December 
   11            1.55903        -1.1          -1.1        -2.8         +100.7          +124.9 
  November 
   30            1.57657                      +0.3        -1.7         +103.0          +127.4 
  October 30     1.57138                      +0.1        -2.1         +102.3          +126.6 
  September 
   30            1.57027                      +0.0        -2.1         +102.2          +126.5 
  August 28      1.57067                      -1.2        -2.1         +102.2          +126.5 
  July 31        1.58921                      +1.3        -1.0         +104.6          +129.2 
  June 30        1.56926                      +3.2        -2.2         +102.1          +126.3 
  May 29         1.52047                      +0.5        -5.2          +95.8          +119.3 
  April 30       1.51308                      +1.5        -5.7          +94.8          +118.2 
  March 31       1.49070                      -6.3        -7.1          +91.9          +115.0 
  February 
   28            1.59129                      -1.3        -0.8         +104.9          +129.5 
  January 31     1.61170                      +0.4        +0.4         +107.5          +132.5 
 
  2019: 
 
  December 
   31            1.60454                      +2.9        -16.5        +106.6          +131.4 
  November 
   29            1.55867                      -3.7        -18.9        +100.7          +124.8 
  October 31     1.61808                      -4.1        -15.8        +108.3          +133.4 
  September 
   30            1.68793                      -0.8        -12.2        +117.3          +143.4 
  August 30      1.70234                      -9.8        -11.4        +119.2          +145.5 
  July 31        1.88695                      -0.1        -1.8         +143.0          +172.2 
  June 30        1.88951                      +8.2        -1.7         +143.3          +172.5 
  May 31         1.74580                      -4.6        -9.2         +124.8          +151.8 
  April 30       1.82950                      +2.1        -4.8         +135.6          +163.9 
  March 29       1.79185                      -2.7        -6.8         +130.7          +158.4 
  February 
   28            1.84108                      +0.7        -4.2         +137.1          +165.5 
  January 31     1.82829                      -4.9        -4.9         +135.4          +163.7 
 

Prepared on the following basis:

* The inception to date movement is based on the combined weighted average NAV of Marwyn Value Investors I, II and B shares prior to their amalgamation, using the conversion ratio published on 17 April 2008.

** The total return inception to date movement is based on the reinvestment of dividends paid to shareholders into the Company and is calculated on a cum-income basis.

Marwyn Asset Management Limited, the Manager of the Company and of Marwyn Value Investors LP (the "Master Fund"), through which the Company holds all its investments, today announces that the value of the Master Fund's investment in Silvercloud Holdings Limited (through which the investment in Le Chameau is held) attributable to the Ordinary Shares has been increased to GBP10.7m from a previous carrying value of GBP4.1m. The new value of GBP10.7m represents 11.7% of the NAV of the Ordinary Shares as at 18 December. The pro forma NAV as at 18 December, assuming that the investment in Silvercloud Holdings Limited is valued at GBP10.7m is GBP1.64188 per Ordinary Share.

Enquiries to:

Axio Capital Solutions Limited

One Waverley Place

Union Street

St Helier

Jersey

JE1 1AX

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January 05, 2021 09:03 ET (14:03 GMT)