Last checked at 
29 Mar 2021 16:37
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
Marwyn Value Investors Limited ("MVIL" or the "Company")
MasMovil offer to acquire Euskaltel
The Company notes the announcement made by Zegona Communications plc ("Zegona"), an indirect investment of MVIL, in relation to the launch of a tender offer by a wholly-owned subsidiary of MasMovil Ibercom, S.A.U., to acquire the entire issued share capital of Euskaltel, S.A., Zegona's Spanish telecommunications investment, for €11.17 per share in cash (the "Offer").
The Marwyn funds collectively hold 42,062,035 Zegona ordinary shares, of which, as at 12 March 2021 (being the latest available published Net Asset Value information), 30,152,250 are attributable to the Company's ordinary shareholders (representing 13.77% of Zegona's issued share capital) and 4,437,973 are attributable to the Company's realisation shareholders (representing 2.03% of Zegona's issued share capital).
At this stage, there is no assurance that the Offer will complete, nor in the event that the Offer does complete, that Zegona will distribute any proceeds to their shareholders. Accordingly, the quantum (net of fees, costs and any Zegona management incentive liability) that may be received by the Marwyn funds (if any) as a result of the Offer cannot currently be established.
Zegona's announcement can be viewed at:
https://www.londonstockexchange.com/news-article/ZEG/masmovil-offer-to-acquire-euskaltel/14916406
Company enquiries:
Scott Danks / Louisa Bonney
Telephone: 07700 720303
Corporate Broker:
Gillian Martin / Richard Bootle / Owen Matthews
Liberum Capital Limited
Telephone: 020 3100 2200
PR enquiries:
Alex Child-Villiers / Will Barker
Temple Bar Advisory Limited
Telephone: 07795 425580 / 07827 960151
Marwyn Value Investors Limited is a closed-ended investment company on the London Stock Exchange Specialist Fund Segment - a fully regulated market for professional, institutional and sophisticated investors. Marwyn's previous 11 comparable listed acquisition companies that have acquired platform businesses have gone on to make 83 subsequent transactions, delivering £4.8 billion in equity profits and an aggregate return to shareholders of 136 per cent. on invested capital as at 28 February 2021.
For further information see www.marwynvalue.com. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.