TIDMMAC3
RNS Number : 5779H
Marwyn Acquisition Company III Ltd
04 December 2020
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area,
Canada, Australia, Japan or the Republic of South Africa.
LEI: 254900YT8SO8JT2LGD15
4 December 2020
Marwyn Acquisition Company III Limited
(the "Company")
First day of dealings
Marwyn Acquisition Company III Limited is pleased to announce
that 700,000 Ordinary Shares will at 8.00 a.m. today be admitted to
the Standard Segment of the Official List and to trading on the
London Stock Exchange's Main Market for listed securities
("Admission"). The Ordinary Shares will trade under the ticker MAC3
(ISIN: VGG5878H1038).
The current economic environment in the UK, Europe and North
America has created strong demand for investment and innovation to
back and develop companies that have the potential to grow through
the transformational change taking place across a range of sectors.
The founders of the Company have developed an efficient listed
acquisition company model that will enable trusted and successful
management partners to identify value enhancing opportunities
before raising additional capital.
The Company will be agile in its investment approach and
currently plans to explore opportunities across the Media &
Entertainment, Technology & Software, Consumer E-commerce,
Healthcare & Diagnostics and B2B Services.
In particular, the Company will target businesses that are
positioned to take advantage of the structural change arising from
an unprecedented acceleration of digitalisation, affecting the way
people live, work and consume, and the way businesses operate,
engage and sell to customers.
The Company has been backed by a number of senior executive
managers of previous successful acquisition companies launched by
Marwyn (the "Manager Investors"). This is testament to the
long-standing relationships of the founders. These investors and
previous executive managers will act as partners, advisors and
investors to help build businesses in the public markets.
Manager Investors in the Company
(holding >3% on admission)
Investor Current or previous portfolio % holding on admission
company
------------------------------- -----------------------
Avril Palmer-Baunack BCA Marketplace 4.86%
------------------------------- -----------------------
Tim Lampert BCA Marketplace 4.86%
------------------------------- -----------------------
Darren Throop Entertainment One 4.86%
------------------------------- -----------------------
Simon Vivian Breedon Aggregates 4.86%
------------------------------- -----------------------
Mark Silver Inspicio 4.86%
------------------------------- -----------------------
The directors believe that the structure of the Company
represents a significant improvement on conventional listed
acquisition vehicles, allowing for greater speed and flexibility in
financing and execution alongside lower operating and transactional
costs.
The total number of Ordinary Shares in the Company in issue
immediately following Admission is 700,000, each with equal voting
rights. The total voting rights figure can be used by shareholders
as the denominator for the calculations by which they will
determine whether they are required to notify their interest in the
Company under the Disclosure Guidance and Transparency Rules of the
Financial Conduct Authority. Immediately following Admission, funds
managed by Marwyn Asset Management Limited will hold 75 per cent.
of the issued Ordinary Shares of the Company. A PDMR Notification
is set out at the bottom of this announcement.
Enquiries:
Finsbury - PR Adviser
Rollo Head +44 7768 994 987
Chris Sibbald +44 7855 955 531
Investec Bank plc - Financial Adviser
+44 2075 975 970
Chris Baird
Carlton Nelson
Alex Wright
Further information on the Company can be found on its website
at www.MarwynAC3.com
The Company's LEI is: 254900YT8SO8JT2LGD15
Save for expressions defined in this announcement, words and
expressions defined in the Prospectus shall have the same meaning
in this announcement.
Important Notice
This announcement has been issued by and is the sole
responsibility of the Company. Marwyn Capital LLP ("Marwyn
Capital"), which is authorised and regulated by the Financial
Conduct Authority in the United Kingdom, is acting only for the
Company in connection with the matters described in this
announcement and is not acting for or advising any other person, or
treating any other person as its client, in relation thereto and
will not be responsible for providing the regulatory protection
afforded to its clients or advice to any other person in relation
to the matters contained herein. Neither Marwyn Asset Management
Limited nor Marwyn Capital nor any of their respective affiliates,
directors, officers, employees, advisers or agents accepts any
responsibility or liability whatsoever for this announcement, its
contents or otherwise in connection with it or any other
information relating to the Company, whether written, oral or in a
visual or electronic format.
Investec Bank plc, which is authorised by the Prudential
Regulation Authority and regulated by the Financial Conduct
Authority and Prudential Regulation Authority, is acting for Marwyn
Acquisition Company I Limited and no one else in connection with
the any arrangement referred to in, or information contained in,
this announcement and will not be responsible to anyone other than
Marwyn Acquisition Company I Limited for providing the protections
afforded to clients of Investec Bank plc nor for giving advice in
relation to the any arrangement referred to in, or information
contained in, this document. Neither Investec nor any of its
affiliates, directors, officers, employees, advisers or agents
accepts any responsibility or liability whatsoever for this
announcement, its contents or otherwise in connection with it or
any other information relating to the Company, whether written,
oral or in a visual or electronic format.
This announcement may not be published, distributed or
transmitted by any means or media, directly or indirectly, in whole
or in part, in or into the United States. This announcement does
not constitute an offer to sell, or a solicitation of an offer to
buy, securities in the United States. The securities mentioned
herein have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the "US Securities Act") or
with any securities regulatory authority of any state or other
jurisdiction of the United States and will not be offered, sold,
exercised, resold, transferred or delivered, directly or
indirectly, in or into the United States or to, or for the account
or benefit of, any US person (as defined under Regulation S under
the US Securities Act). The Company has not been, and will not be,
registered under the U.S. Investment Company Act of 1940, as
amended.
Neither this announcement nor any copy of it may be: (i) taken
or transmitted into or distributed in any member state of the
European Economic Area, Canada, Australia or the Republic of South
Africa or to any resident thereof, or (ii) taken or transmitted
into or distributed in Japan or to any resident thereof. Any
failure to comply with these restrictions may constitute a
violation of the securities laws or the laws of any such
jurisdiction. The distribution of this announcement in other
jurisdictions may be restricted by law and the persons into whose
possession this document comes should inform themselves about, and
observe any such restrictions.
Notification of transactions of persons discharging managerial
responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Marwyn Asset Management Limited, a person
closely associated with James Corsellis
and Mark Brangstrup Watts (Directors
of the Company)
------------------------ ---------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Sponsor
------------------------ ---------------------------------------------
b) Initial notification/ Initial
Amendment
------------------------ ---------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------------
a) Name Marwyn Acquisition Company III Limited
------------------------ ---------------------------------------------
b) LEI 254900YT8SO8JT2LGD15
------------------------ ---------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
-----------------------------------------------------------------------
a) Description Ordinary shares of no par value
of the financial
instrument,
type of instrument VGG5878H1038
Identification
code
------------------------ ---------------------------------------------
b) Nature of Subscription for shares
the transaction
------------------------ ---------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
GBP1.00 525,000
----------
------------------------ ---------------------------------------------
d) Aggregated
information
- Aggregated 525,000
volume GBP1.00
- Price
------------------------ ---------------------------------------------
e) Date of the 4 December 2020
transaction
------------------------ ---------------------------------------------
f) Place of London
the transaction
------------------------ ---------------------------------------------
This announcement is made in accordance with the requirements of
the EU Market
Abuse Regulation ("MAR") and the Company confirms that the
PDMR's notification
obligations under MAR have also been satisfied.
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END
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