Last checked at 
9 Jul 2020 07:00
LEI: 213800L5751QTTVEA774
9 July 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 164,938 of the Company's ordinary shares ("Ordinary Shares") (the "Purchased Shares").
Date of transaction: | 8 July 2020 |
Average price paid per Ordinary Share: | 103.0000 pence |
Lowest price paid per Ordinary Share: | 103.0000 pence |
Highest price paid per Ordinary Share: | 103.0000 pence |
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 723,666. 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 8 July 2020, Marwyn Long Term Incentive LP ("MLTI") purchased 105,062 Ordinary Shares in the Company, all at a price of 103.0000 pence per share.
MLTI, Mark Brangstrup Watts, James Corsellis and Antoinette Vanderpuije, now together hold 9,025,668 Ordinary Shares, representing approximately 15.17% 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 £1.6 million to purchase Ordinary Shares alongside MVI LP as part of the Company's buyback programme. Following this transaction, MLTI has £1,223,977 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