Last checked at 
23 Oct 2020 07:00
LEI: 213800L5751QTTVEA774
23 October 2020
MARWYN VALUE INVESTORS LIMITED (THE "COMPANY")
NOTICE OF ANNUAL GENERAL MEETING
The Company announces that the Notice of the Annual General Meeting of the Company is being posted to shareholders today. The Annual General Meeting is to be held at the offices of Axio Capital Solutions Limited, One Waverley Place, Union Street, St Helier, Jersey, JE1 1AX at 10 a.m. on 17 November 2020.
The Notice will also be available on the Company's website at www.marwynvalue.com/company-information/documents.
OPERATIONAL UPDATES
The Company also announces that following changes to the board of directors and corporate governance improvements announced in July, the Company has conducted a review of its operating structure with the intention of improving operating efficiencies for the Company, Marwyn Value Investors LP ("MVI LP") and Marwyn Value Investors II LP ("MVI II LP") (the Company, MVI LP and MVI II LP together, the "Fund"). Following discussions with each of the relevant parties and with the unanimous approval of the Company's board of directors, a number of changes are being made in the Fund's operations:
1) The administration services provided to the Company by Axio Capital Solutions Limited, in addition to those provided by Mitsubishi UFJ Alternative Fund Services (Ireland Limited) to MVI LP, and Apex Fund and Corporate Services (Jersey) Limited to MVI II will be unified under a single provider: Aztec Financial Services (Jersey) Limited ("Aztec")1. Established in 2001, the Aztec Group is an award-winning independent provider of fund and corporate services, employing more than 950 people across Jersey, Guernsey, Luxembourg, the Netherlands and the UK. Owner-managed, the Group administers over 440 funds and 4,500 entities for a range of clients, including private equity, real asset and debt fund managers, institutional investors and multi-national corporations. Aztec also have an experienced team which specialise in the establishment and administration of listed fund vehicles for alternative investment managers.
2) Subject to shareholder approval at the Annual General Meeting, the audit services provided to the Company and MVI LP by PricewaterhouseCoopers LLP, in addition to those provided by Ernst & Young LLP to MVI II will be unified in a single provider: Baker Tilly Channel Islands Limited1. This is included as Resolution 4 in the Notice of Annual General Meeting. Baker Tilly Channel Islands is the Channel Islands member firm of Baker Tilly International, a top 10 Global Accountancy Network with member firms in more than 146 territories and combined revenues of US$3.9bn.
3) In order to appropriately segregate the activities of the Company, new Fund Financial Director ("FD") and Corporate Director ("CD") roles are being created, to act as dedicated resources for the board of directors and provide effective oversight of service providers to the Company. The FD and CD roles will be undertaken by individuals with significant knowledge of the Company, its structure and operations.
Commenting on the improvements, Robert Ware, the Company's Chairman, noted, "We are pleased to report further progress around the Fund's corporate governance arrangements and simplification of the Fund's operations. We would like to extend our thanks to the departing administrator and auditor for their efforts and look forward to working alongside Aztec and Baker Tilly going forwards."
1The appointment of both Aztec and Baker Tilly is subject to consent from the Jersey Financial Services Commission for their appointment as service providers to MVI II which is regulated by the Jersey Financial Services Commission as a Jersey Expert Fund.
Company enquiries:
Louisa Bonney / Scott Danks
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 Limited
Telephone: 07795 425580 / 07827 960151
A copy of this announcement will be available on the Company's website at www.marwynvalue.com/company-information/rns. 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.
This announcement may include "forward-looking statements". All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company's products and services) are forward-looking statements. Forward-looking statements are subject to risks and uncertainties and accordingly the Company's actual future financial results and operational performance may differ materially from the results and performance expressed in, or implied by, the statements. These factors include but are not limited to those described in the formal Prospectus. These forward-looking statements speak only as at the date of this announcement. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect actual results or any change in the assumptions, conditions or circumstances on which any such statements are based unless required to do so by the Financial Services and Markets Act 2000, or other applicable laws, regulations or rules.