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Pin to quick picksMarwyn Val. Regulatory News (MVI)

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140.00    0.00 (0.00%)
Bid:
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Spread: 4.00 (2.899%)
Market Cap: £79.15m
MVI Live PriceLast checked at - London Stock Exchange

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Exchange Procedure

18 Dec 2020 17:20

RNS Number : 2358J
Marwyn Value Investors Limited
18 December 2020
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LEI: 213800L5751QTTVEA774

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18 December 2020

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MARWYN VALUE INVESTORS LIMITED (THE "COMPANY")

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EXCHANGE PROCEDURE

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The Company announces that it has approved the utilisation of the Exchange Procedure (as defined and described in the Company's prospectus dated 19 October 2016) to exchange 1,983,259Β ordinary shares in the capital of the Company ("Ordinary Shares") held by Marwyn Value Investors LP (the "Master Fund") for 1,983,259 exchange shares in the capital of the Company ("Exchange Shares"). The Ordinary Shares were acquired by the Master Fund through the Company's share buy back scheme as announced by the Company on 14 September 2018.

Accordingly, the number of Ordinary Shares in issue is reduced from 57,834,101 to 55,850,842. The revised figure 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.

The number of Exchange Shares in issue now stands at 30,970,984.

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Company enquiries:

Scott Danks / Louisa Bonney

Telephone: 07700 720 303

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Gillian MartinΒ / Richard Bootle / Owen Matthews

Liberum Capital Limited

Telephone: 020 3100 2200

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PR enquiries:

Alex Child-Villiers / Will Barker

Temple Bar Advisory Limited

Telephone: 07795 425580 / 07827 960151

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