Board Changes
23/05/2024 12:26
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RNS Number : 6950P Marwyn Acquisition Company II Ltd 23 May 2024
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,
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WHICH IT WOULD BE UNLAWFUL TO DO SO.
LEI: 2549008KZ7HM27V4O637
This announcement contains inside information
Marwyn Acquisition Company II Limited (the "Company" or "MAC II")
Board Changes
MAC II announces that James Pearce will today join the board of MAC II as
Chief Financial Officer (CFO). Mr Pearce will oversee the financial operations
of the Company and work alongside Mark Hodges and Will Self in the development
and execution of the overall company strategy. The Company also announces
that Cathryn Riley has resigned as a director of the Company, effective today.
Mr Pearce was previously CFO of the Pension SuperFund. Prior to that, James
was Director of Group Finance at Just Group plc where he was involved in a
series of capital raisings from the IPO through to Just Group's 2019
recapitalisation, as well as being responsible for financial reporting, tax,
and strategy. He is a Chartered Accountant and has previously held managing
director roles at JP Morgan Cazenove and UBS.
MAC II is an acquisition vehicle listed on the standard segment of the London
Stock Exchange. The Directors believe that the successful execution of the
strategy, including a platform business and follow-on M&A, performance
improvements and sustainable growth, has the potential to generate significant
long term returns for shareholders.
Chairman Mark Hodges commented: "We are delighted to welcome James to the MAC
II board as CFO. His sector expertise and knowledge will be invaluable as we
deliver our strategy for MAC II. The Board would also like to thank Cathryn
for her hard work and commitment to the Company since her appointment in
2022."
Enquiries:
Company Secretary
Antoinette Vanderpuije - 020 7004 2700
FGS Global - PR Adviser
Rollo Head 07768 994 987
Chris Sibbald 07855 955 531
WH Ireland - Corporate Broker 020 7220 1666
Harry Ansell
Katy Mitchell
Notes
Background
Marwyn Acquisition Company II ("MAC II") is an acquisition vehicle listed on
the standard segment of the London Stock Exchange. The vehicle is led by
Chairman Mark Hodges, who was previously CEO of ReAssure, prior to which he
held senior executive plc board positions at a number of large financial
services and consumer businesses including Centrica, Towergate and Aviva. The
Chief Executive Officer of MAC II is Will Self, who has extensive experience
across pension and retirement services sectors. Previously Will was Chief
Executive Officer of Curtis Banks Group PLC and prior to this he was Chief
Executive Officer of Suffolk Life and Chief Commercial Officer of Cofunds,
both divisions of Legal & General. As Chief Executive Officer, Will
leads the development and execution of the overall company strategy.
The Company is backed by Marwyn who have launched 12 previous comparable
acquisition vehicles that have acquired platform businesses, which include
Advanced Computer Software, BCA Marketplace, Breedon Aggregates and
Entertainment One.
More information on MAC II can be found here: https://marwynac2.com/
(https://marwynac2.com/) .
James Henry Pearce (aged 54 years) currently holds or has held the following
directorships in the past five years:
Current Directorships
None
Past Directorships
PSF Capital (Scotland) GP Limited
PSF Professional Services Limited
PSF Holdings Limited
PSF Sponsor Limited
The Pension Superfund Asset & Liability Management Limited
There are no further details to be disclosed under FCA's Listing Rule 9.6.13R
in respect of the appointment of James Pearce.
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