REG - MAC Alpha Limited - £600,000 Subscription

MAC AlphaAnnouncement

06/03/2023 07:00

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RNS Number : 9053R  MAC Alpha Limited  06 March 2023

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 number: 254900LOBYWJWYSAB947

6 March 2023

 

MAC Alpha Limited

(the "Company")

£600,000 Subscription

The Company announces that it has raised a further £600,000 through the issue
of A Shares 1  (#_ftn1) .

 

Pursuant to the Forward Purchase Agreement between the Company, Marwyn General
Partner II Limited and Marwyn Value Investors II LP (related parties of the
Company through common management) detailed in the Company's prospectus of 24
December 2021, the Company has raised £600,000 through the issue of 600,000 A
Shares (with Class A Warrants being issued on the basis of one Class A Warrant
per A Share) at a price of £1 per share. The capital is being raised to
support the execution of the Company's stated strategy and will be invested
upon receipt in its subsidiary. The Company's subsidiary is a related party of
the Company due to its minority interests being held by other related parties
to the Company.

 

A PDMR Notification and a PCA Notification are set out at the bottom of this
announcement. As the A Shares are unlisted and carry no voting rights, the
total number of voting rights in the Company remains unchanged.  Accordingly,
shareholders should use the total number of Ordinary Shares in the Company in
issue of 700,000 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.

Notes

1 The A Shares are ordinary equity shares with the same economic rights as
the Company's ordinary shares but without voting rights. They are convertible
into ordinary shares on a one-for-one basis at the time at which the Company
next publishes a prospectus or equivalent document in relation to a future
listing of shares.

 

 

Enquiries:

 

Company Secretary

Antoinette Vanderpuije -  +44(0)207 004 2700

 

 

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 Investment Management LLP, a person closely associated with James
                                                                  Corsellis, a director of the Company).
 2   Reason for the notification
 a)  Position/status                                              Sponsor
 b)  Initial notification/ Amendment                              Initial
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         MAC Alpha Limited
 b)  LEI                                                          254900LOBYWJWYSAB947
 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 of the financial instrument, type of instrument  A Shares of no par value

     Identification code

                                                                  Unlisted
 b)  Nature of the transaction                                    Subscription for shares

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  £1.00     600,000
 d)  Aggregated information                                       600,000

     - Aggregated volume                                          £1.00

     - Price

 e)  Date of the transaction                                      5 March 2023
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

600,000

£1.00

e)

Date of the transaction

5 March 2023

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Marwyn Investment Management LLP, a person closely associated with James
                                                                  Corsellis, Antoinette Vanderpuije and Tom Basset (Directors of the Company).
 2   Reason for the notification
 a)  Position/status                                              Sponsor
 b)  Initial notification/ Amendment                              Initial
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         MAC Alpha Limited
 b)  LEI                                                          254900LOBYWJWYSAB947
 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 of the financial instrument, type of instrument  Class A Warrants

     Identification code

                                                                  Unlisted
 b)  Nature of the transaction                                    Warrants issued on subscription for A Shares

 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  NIL       600,000
 d)  Aggregated information                                       600,000

     - Aggregated volume                                          NIL

     - Price

 e)  Date of the transaction                                      5 March 2023
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

600,000

NIL

e)

Date of the transaction

5 March 2023

f)

Place of the transaction

Outside a trading venue

 

This announcement is made in accordance with the requirements of the UK Market
Abuse Regulation ("MAR") and the Company confirms that the PDMR's notification
obligations under MAR have also been satisfied.

 

 

(#_ftnref1)

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