Net Asset Values
Updated : 14:23
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
12 August 2024
Marwyn Value Investors Limited
Net Asset Values
The board of directors of Marwyn Value Investors Limited (the "Company") today announces the following estimated net asset value ("NAV") information, based on the estimated value of its interests in Marwyn Value Investors L.P. as at 9 August 2024:
Ordinary Shares
The estimated NAV per Ordinary Share is £1.883. Based upon the Company's indirect investments, the estimated allocation of the Ordinary Share NAV is:
Ordinary Shares | Total Value (£m)1 | NAV/pence per Ordinary Share | % of NAV |
Investment Portfolio |
|
|
|
Quoted investments | |||
AdvancedAdvT | 22.2 | 40.1 | 21.3% |
MAC Alpha | 1.0 | 1.8 | 0.9% |
Marwyn Acquisition Company II | 21.5 | 38.8 | 20.6% |
Marwyn Acquisition Company III | 5.9 | 10.6 | 5.6% |
Zegona Communications | 16.2 | 29.1 | 15.5% |
450 | 5.1 | 9.2 | 4.9% |
Unquoted investments | |||
Le Chameau2 | 28.4 | 51.2 | 27.2% |
Palmer Street | 6.4 | 11.5 | 6.1% |
Total Value | 106.7 | 192.2 | 102.1% |
Cash | 7.8 | 14.1 | 7.5% |
Other assets / liabilities | (10.0) | (18.0) | (9.6)% |
Net Asset Value | 104.5 | 188.3 | 100.0% |
The dividend to be paid to ordinary shareholders in August 2024, as announced on 1 August 2024 and with an ex-date of 8 August 2024, has been reflected in the estimated net asset per ordinary share as at 9 August 2024.
2016 Realisation Shares
The estimated NAV per 2016 Realisation Share is £4.222. Based upon the Company's indirect investments, the estimated allocation of the 2016 Realisation Share NAV is:
2016 Realisation Shares | Total Value (£m)1 | NAV/pence per 2016 Realisation Share | % of NAV |
Investment Portfolio | |||
Quoted investments | |||
Zegona Communications | 0.3 | 40.8 | 9.7% |
Unquoted investments | |||
Le Chameau2 | 2.4 | 350.5 | 83.0% |
Total Value | 2.7 | 391.3 | 92.7% |
Cash | 0.7 | 108.1 | 25.6% |
Other assets / liabilities | (0.5) | (77.1) | (18.3)% |
Net Asset Value | 2.9 | 422.2 | 100.0% |
2021 Realisation Shares
The estimated NAV per 2021 Realisation Share is £2.126. Based upon the Company's indirect investments, the estimated allocation of the 2021 Realisation Share NAV is:
2021 Realisation Shares | Total Value (£m)1 | NAV/pence per 2021 Realisation Share | % of NAV |
Investment Portfolio | |||
Quoted investments | |||
AdvancedAdvT | 0.14 | 38.9 | 18.3% |
Marwyn Acquisition Company II | 0.14 | 37.6 | 17.7% |
Marwyn Acquisition Company III | 0.04 | 10.3 | 4.8% |
Zegona Communications | 0.10 | 28.0 | 13.2% |
450 | 0.03 | 8.9 | 4.2% |
Unquoted investments | |||
Le Chameau2 | 0.18 | 49.6 | 23.3% |
Total Value | 0.62 | 173.3 | 81.5% |
Cash | 0.20 | 56.9 | 26.7% |
Other assets / liabilities | (0.06) | (17.5) | (8.2)% |
Net Asset Value | 0.77 | 212.6 | 100.0% |
Notes
1Portfolio investments are held at fair value in accordance with International Financial Reporting Standards ("IFRS"). Quoted investments with sufficient volume and frequency of trading to constitute an 'active market' under IFRS are held at their listed price on the valuation date. Unquoted investments, and quoted investments where there is no active market, are valued in accordance with International Private Equity and Venture Capital guidelines on a quarterly basis or whenever there is a material change in the investment which would indicate a significant change in valuation.
2The investment in Le Chameau is held through Silvercloud Holdings Limited ("Silvercloud"), with the value allocated to Le Chameau being the value attributable to each share class of Marwyn Value Investors L.P.'s holding in Silvercloud.
Shares in the Company are not designed or intended for retail investors. Marwyn Investment Management LLP, the Manager, does not promote shares in the Company to retail investors and they should not be offered to retail investors.
Enquiries to:
Marwyn Value Investors Limited
Scott Danks
scottdanks@marwyn.com
Company Secretary - Aztec Financial Services (Jersey) Limited
marwyn@aztecgroup.co.uk
Aztec Group House
PO Box 730
IFC 6, The Esplanade
St. Helier
Jersey JE4 0QH
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