Marwyn Value Investors Limited Transaction in Own Shares (0917Z)
September 16 2020 - 2:00AM
UK Regulatory
TIDMMVI
RNS Number : 0917Z
Marwyn Value Investors Limited
16 September 2020
LEI: 213800L5751QTTVEA774
16 September 2020
MARWYN VALUE INVESTORS LIMITED (THE "COMPANY")
PURCHASE OF ORDINARY SHARES
PURCHASE OF ORDINARY SHARES
The Company announces that Liberum Capital Limited as broker, on
behalf of Marwyn Value Investors L.P. (the " Master Fund " ), has
purchased 118,530 of the Company's ordinary shares ( " Ordinary
Shares " ) (the " Purchased Shares " ).
Date of transaction: 15 September 2020
Average price paid per Ordinary 109.8144 pence
Share:
Lowest price paid per Ordinary 109.7500 pence
Share:
Highest price paid per Ordinary 110.0000 pence
Share:
The total number of the Company's Ordinary Shares owned by, or
on behalf of, the Master Fund in respect of the Company's buyback
programme is 1,836,153. The Company has been informed that the
Master Fund intends to utilise the Exchange Procedure (as defined
and described in the Company's prospectus dated 19 October 2016) in
respect of the Purchased Shares such that the Purchased Shares
will, in due course, be cancelled.
Until the Exchange Procedure is utilised in respect of any
Ordinary Shares, the total number of voting rights in the Company
remains as 63,668,685 comprising 59,481,459 Ordinary Shares and
4,187,226 Realisation Shares, each carrying one vote per share.
These figures should be used by shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interests in, or a change to their interest in the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
For the purposes of the weekly estimated net asset value per
Ordinary Share reporting, the Company will treat the Purchased
Shares as already cancelled.
SHARE ACQUISITION BY MARWYN LONG TERM INCENTIVE LP
The Company today announces that it was notified that on 15
September 2020, Marwyn Long Term Incentive LP ("MLTI") purchased
75,464 Ordinary Shares in the Company, at an average price of
109.8144 pence per share.
MLTI, Mark Brangstrup Watts, James Corsellis and Antoinette
Vanderpuije, now together hold 9,733,624 Ordinary Shares,
representing approximately 16.36% of the Company's issued Ordinary
Shares.
MLTI is a Person Closely Associated with Mark Brangstrup Watts,
James Corsellis and Antoinette Vanderpuije, all directors of Marwyn
Asset Management Limited ("MAML"), the manager of the Company and
Marwyn Value Investors LP. Whilst none of Mark Brangstrup Watts,
James Corsellis and Antoinette Vanderpuije are PDMRs, they are
voluntarily disclosing today's information to the market on an
aggregate basis as if they were.
As announced on 27 May 2020 (Completion of Amended Accelerated
Bookbuild), following completion of those transactions, MLTI is
required to use the remaining proceeds from the Net Cash Amount (as
defined in the announcement) of approximately GBP1.6 million to
purchase Ordinary Shares alongside MVI LP as part of the Company's
buyback programme. Following this transaction, MLTI has GBP472,735
remaining before commission and stamp duty to purchase Ordinary
Shares.
Company enquiries:
Louisa Bonney / Scott Danks
Axio Capital Solutions Limited
Telephone: 01534 761240
Gillian Martin
Liberum Capital Limited
Telephone: 020 3100 2200
PR enquiries:
Alex Child-Villiers / Will Barker
Temple Bar Advisory
Telephone: 020 7975 1415
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END
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