Board changes
07/11/2022 07:00
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RNS Number : 4536F Marwyn Acquisition Company II Ltd 07 November 2022
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: 2549008KZ7HM27V4O637
This announcement contains inside information
Marwyn Acquisition Company II Limited (the "Company")
Board changes
Marwyn Acquisition Company II Limited is pleased to announce the appointment
of experienced financial services industry director Cathryn Riley as a
non-executive director with effect from 6 November 2022. The Company also
announces that Mark Brangstrup Watts has resigned from the Board, also with
effect from 6 November 2022.
Mark Hodges, Chairman of MAC II, commented: "I am delighted Cathryn has agreed
to join the Board of MAC II. Cathryn has extensive expertise and insight from
across the financial services industry that we look forward to benefitting
from at an exciting time in MAC II's journey.
The Board would also like to thank Mark for his hard work and commitment to
the Company since its establishment."
Cathryn is a highly experienced financial services industry executive and
non-executive director, having worked across both public and private markets.
She has had a wide-ranging career covering insurance, customer services, IT,
operations and human resources. She was previously Group Chief Operations
Director at Aviva plc, where she worked for 17 years, in roles including Group
CIO, UK Commercial Director, CIO/COO Europe and COO. Prior to Aviva, Cathryn
was general manager of transformation at BUPA, as well as a consultant in the
financial services division of Coopers & Lybrand.
Cathryn is currently a non-executive director at AA Insurance Services
Limited, the Financial Services Compensation Scheme, and Liberty Managing
Agency Limited. She has previously held non-executive positions at ReAssure,
International Personal Finance, Equitable Life and Chubb.
Publication of Supplementary Prospectus
The appointment of Cathryn and the resignation of Mark require the Company to
publish a supplement (the "Supplementary Prospectus") to its prospectus dated
31 March 2022 (as supplemented by a supplementary prospectus dated 20 June
2022 (together the "Prospectus")). The supplementary prospectus is expected to
be published shortly following FCA approval.
IMPORTANT INFORMATION:
This announcement has been prepared by, and is the sole responsibility of, the
Directors of Marwyn Acquisition Company II Limited.
This announcement is an advertisement and does not constitute a prospectus
relating to the Company and does not constitute, or form part of, any offer or
invitation to sell or issue, or any solicitation of any offer to subscribe
for, any shares in the Company in any jurisdiction nor shall it, or any part
of it, or the fact of its distribution, form the basis of, or be relied on in
connection with or act as any inducement to enter into, any contract therefor.
The Prospectus is, and when published the Supplementary Prospectus will be,
available from the Company's website at www.marwynac2.com/investors/prospectus
(http://www.marwynac2.com/investors/prospectus) .
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.
Enquiries:
Company Secretary
Antoinette Vanderpuije - 020 7004 2700
Marwyn Acquisition Company II 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
N.M. Rothschild & Sons Limited - Financial Adviser 020 7280 5000
Peter Nicklin
Shannon Nicholls
WH Ireland - Corporate Broker 020 7220 1666
Harry Ansell
Katy Mitchell
Cathryn Riley (aged 60 years) currently holds or has held the following
directorships in the past five years:
Company or partnership Active/resigned/dissolved
Automobile Association Insurance Services Limited Active
Financial Services Compensation Scheme Limited Active
Liberty Managing Agency Limited Active
Lansdown OOD Active
Lansdown Directorships Limited Active
Chubb European Group SE Resigned
Chubb Insurance Company of Europe SE Resigned
Chubb Underwriting Agencies Limited Resigned
AA Limited Resigned
AA Insurance Holdings Limited Resigned
International Personal Finance plc Resigned
Reassure Group plc Resigned
The Equitable Life Assurance Society Resigned
There are no further details to be disclosed under FCA's Listing Rule 9.6.13R
in respect of the appointment of Cathryn Riley.
Company background
Marwyn Acquisition Company II ("MAC II") is an acquisition vehicle listed on
the standard segment of the London Stock Exchange. The Company is backed by
Marwyn who have launched 11 previous comparable acquisition vehicles that have
acquired platform businesses, which include Advanced Computer Software, BCA
Marketplace, Breedon Aggregates and Entertainment One. MAC II launched a
placing programme of redeemable C Shares on 31 March 2022 and appointed Mark
Hodges as Chairman on 19 June 2022. MAC II's strategy at the time of Mark
Hodges' appointment was refined to focus on pursuing business acquisition
opportunities in the financial services, consumer and technology sectors.
More information on MAC II can be found here: www.marwynac2.com
(http://www.marwynac2.com) .
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