Marwyn Val. Regulatory News (MVI)

LEI: 213800L5751QTTVEA774

10 July 2020

MARWYN VALUE INVESTORS LIMITED (THE "COMPANY")

DIRECTOR CHANGES

The Company has conducted a review of its Board composition and is pleased to announce the following changes to the Board.

The Company announces the resignations of Ronald Hobbs (Independent Non-Executive Director) and Louisa Bonney (Non-Executive Director) with immediate effect and also announces the appointment, with immediate effect, of two new Directors:

Victoria Webster (Independent Non-Executive Director)

Victoria is a member of the Institute of Chartered Accountants in England and Wales having qualified with PricewaterhouseCoopers. She has worked in Guernsey, London and New York, specialising particularly in the audit of alternative investment funds. Victoria is a director of an independent chartered accountancy practice, Cleland & Co., which specialises in owner-managed companies and regulated entities across all sectors. She is a permanent resident of Guernsey.

Peter Rioda (Independent Non-Executive Director)

Peter is a qualified chartered accountant and independent non-executive director with over 25 years of industry experience who specialises in the establishment and management of alternative investment funds. He successfully established and developed Sanne Group's fund administration business between 2006 and 2016 exiting following its IPO in 2015. He has strong investment, risk management, governance and compliance skills acquired through directorships on a wide range of regulated and unregulated fund structures. He is regulated by the Jersey Financial Services Commission to act as a director. Peter is a leading figure in the Jersey funds industry and committee member of the Jersey Funds Association. 

Peter is the independent non-executive chairman of Marwyn General Partner II Limited (the general partner of Marwyn Value Investors II L.P.).

The changes to the composition of the Board detailed above, along with certain other updates in responsibilities, have resulted in the following:

Board independence

Three-quarters of the Board are now independent non-executive Directors, all of whom are also considered to be independent of the Manager.

Senior Independent Director

Martin Adams has been appointed Senior Independent Director.

Committee membership

Victoria Webster and Peter Rioda have been appointed to the Audit, Nomination and Remuneration Committees, with Victoria appointed as chair of the Audit Committee. All committees now comprise a majority of independent non-executive Directors.

Robert Ware, the Chairman of the Board commented:

"I would like to thank Ronald and Louisa for their valuable services to the Company over the years and, at the same time, welcome Victoria and Peter to the Board.

These changes in Directors result in a majority of the Board now being independent; Martin Adams being appointed Senior Independent Director and Victoria being appointed as chair of the Company's Audit Committee. The Company will benefit from enhanced oversight of the structure and activities through Peter's membership of the Board of the general partner of Marwyn Value Investors II L.P. through which key underlying investments are held."

Company enquiries:

Louisa Bonney / Scott Danks

Axio Capital Solutions Limited

Telephone: 01534 761240

Gillian Martin / Richard Bootle / Owen Matthews

Liberum Capital Limited

Telephone: 020 3100 2200

PR enquiries:

Alex Child-Villiers / Will Barker

Temple Bar Advisory

Telephone: 020 7975 1415