THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES (OR TO ANY US PERSON), CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM) OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION (EACH, A "RESTRICTED JURISDICTION").
THIS ANNOUNCEMENT IS DIRECTED ONLY AT (i) persons who are outside the United Kingdom save for those in a Restricted Jurisdiction unless otherwise agreed with Marwyn Asset Management Limited and Liberum Capital Limited or (ii) persons within the United Kingdom who have (a) professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents.
15 January 2019
Partial Offer Result
Marwyn Value Investors Limited ("MVI" or the "Company")
Following its announcement on 3 January 2019 in relation to the proposed Partial Offer by way of reverse bookbuild, and the subsequent update announcement on 11 January 2019 in relation to the Partial Offer, Marwyn Asset Management Limited as manager of Marwyn Value Investors LP ("Marwyn") today announces the result of the Partial Offer.
On 15 January 2019, pursuant to the Partial Offer, Marwyn bought 4,030,625 of MVI's Ordinary Shares at a price of 130p for a total consideration of £5.2 million.
As the Partial Offer has now closed, MVI's buyback programme will recommence from 8 a.m. on 16 January 2019.
This announcement contains inside information.
Company enquiries:
Louisa Bonney / Scott Danks
Axio Capital Solutions Limited
Telephone: 01534 761240
Gillian Martin / Steve Pearce
Liberum Capital Limited
Telephone: 020 3100 2200
PR enquiries:
Alex Child-Villiers / Will Barker
Temple Bar Advisory
Telephone: 020 7002 1080
The contents of this announcement have been prepared by and are the sole responsibility of Marwyn Asset Management Limited.
None of Marwyn Asset Management Limited, Marwyn General Partner Limited, Marwyn Value Investors LP, Liberum Capital Limited or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
By participating in the Partial Offer, each person who is invited to and who chooses to participate in the Partial Offer by making an oral and legally binding offer to sell Ordinary Shares will be deemed to have read and understood this Announcement in its entirety, to be participating, making an offer and selling Ordinary Shares on the terms and conditions contained in this Announcement.
Liberum Capital Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for Marwyn in connection with the Partial Offer and no-one else and will not be responsible to anyone other than Marwyn for providing the protections afforded to clients of Liberum Capital Limited nor for providing advice in relation to the Partial Offer or any other matter referred to in this Announcement.
No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Liberum Capital Limited or by any of its agents, directors, officers and employees, respectively, as to, or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefor is expressly disclaimed.
This Announcement does not constitute a recommendation concerning any investor's options with respect to the Partial Offer. Past performance is no guide to future performance. The contents of this Announcement are not to be construed as legal, business, financial or tax advice. Each investor or prospective investor should consult his, her or its own legal adviser, business adviser, financial adviser or tax adviser for legal, financial, business or tax advice.
Scott Danks
Marwyn Asset Management Limited
One Waverley Place
St Helier
Jersey, JE1 1AX
Channel Islands
