Net Asset Value(s)

RNS Number : 4380G

Marwyn Value Investors Limited

22 October 2008

 



22 October 2008

Marwyn Value Investors Limited

Net Asset Value per Ordinary Share - Amended

The board of directors of Marwyn Value Investors Limited (the 'Company') today announce that the estimated net asset value per ordinary share of the Company based on the estimated value of the Marwyn Neptune Fund LP is £0.9717 as at 30 September 2008. This has not been adjusted for any potential warrant exercise dilution. 

This amendment is due to the restated net asset value of the underlying investment.

Warrant Summary

Number	Exercise Price	Subscription Period
23,259,055	£1.15	30 September 2010

As at 30 September 2008, the share price of an ordinary share in the Company represented a discount of 38.3% to the net asset value per ordinary share. 

As at 30 September 2008, the share price of an ordinary share in the Company was below the exercise price for the warrants.

Historic Performance

	Estimated Undiluted NAV (£)	Movement over Month (%)	Year to date movement (%)
September	0.972	-8.8	-22.4
August	1.065	-0.6	-14.9
July	1.071	-1.4	-14.4
June	1.087	-9.1	-13.2
May	1.196	-3.7	-4.4
*April	1.242	2.6	-2.9
March	1.210	-5.1	-3.3
February	1.275	3.3	1.9
January	1.234	-1.4	-1.4
2007
December	1.251	1.2	20.1
November	1.236	0.1	18.8
October	1.235	4.3	18.7

*On 18 April 2008, the Company was amalgamated with Marwyn Value Investors Limited. Details of the amalgamation can be found on the website at www.marwynvalue.com.

Enquiries to:

Fortis Fund Services (Guernsey) Limited
PO Box 119
Martello Court
Admiral Park
St Peter Port
Guernsey GY1 3HB

 

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