TIDMMAC1

RNS Number : 2034K

Marwyn Acquisition Company I Ltd

31 December 2020

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

This announcement contains inside information

Marwyn Acquisition Company I Limited (the "Company")

Appointment of Vin Murria OBE as Chairman

The Company is pleased to announce the appointment of Vin Murria OBE as Chairman with immediate effect. Vin brings a wealth of experience in the software, technology and support services sectors, having executed a number of highly successful growth strategies during her career to date. Vin previously partnered with Marwyn to acquire and grow Advanced Computer Software Group plc where she was CEO from 2008 to 2015, when it was sold to Vista Equity Partners.

Following Vin's appointment, the Directors have decided that the Company's initial focus for investment will be refined to seeking mid-cap acquisition opportunities in the software sector, with the enterprise value of a platform acquisition expected to be in excess of GBP100 million.

Mark Brangstrup Watts, Director of the Company and Managing Partner of Marwyn, commented: "We are delighted to be working with Vin again after the huge success of the growth strategy she delivered in Advanced Computer Software plc and the significant value generated for shareholders, growing the business on the public markets from an initial GBP12 million acquisition in 2008 to a GBP750 million sale to private equity in 2015. We are very excited about the opportunities Vin sees in the software sector and very much look forward to working with her to execute them."

Enquiries:

Company Secretary

Antoinette Vanderpuije - 020 7004 2700

Marwyn Acquisition Company I Limited, 11 Buckingham Street, London, WC2N 6DF

Finsbury - PR Adviser

Rollo Head 07768 994 987

Chris Sibbald 07855 955 531

Investec Bank plc - Financial Adviser 020 7597 5970

Chris Baird

Carlton Nelson

Alex Wright

WH Ireland - Corporate Broker 020 7220 1666

Harry Ansell

Katy Mitchell

Further information on the Company can be found on its website at www.MarwynAC1.com . 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.

The Company's LEI is: 254900WYO35S1T334A28

Vinodka Murria (aged 58 years) currently holds or has held the following directorships in the past five years:

 
 Current Directorships   Past Directorships 
 Bunzl plc               FinnCap Group plc 
 Softcat plc             Sophos Group plc 
                         Zoopla Group plc 
                         Greenko Group plc 
                          DWF Group plc 
                        -------------------

There are no further details to be disclosed under FCA's Listing Rule 9.6.13R in respect of the appointment of Vin Murria.

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END

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