REG - Marwyn AcqCo III Ltd - Repurchase of A Shares and A Warrants

Marwyn Acquisition IIIAnnouncement

05/07/2024 16:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240705:nRSE3792Va&default-theme=true

RNS Number : 3792V  Marwyn Acquisition Company III Ltd  05 July 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,
JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN
WHICH IT WOULD BE UNLAWFUL TO DO SO.

LEI: 254900YT8SO8JT2LGD15

This announcement contains inside information.

Marwyn Acquisition Company III Limited

(the "Company")

Repurchase of A Shares and A Warrants

The Company announces today that it has repurchased and cancelled 5 million of
its unlisted A shares of no par value ("A Shares") and 5 million unlisted
matching warrants to subscribe for ordinary shares in the Company ("A
Warrants") for an aggregate consideration of £5 million (the "Repurchase and
Cancellation").

The Repurchase and Cancellation was carried out in accordance with the
memorandum and articles of association of the Company and, in the case of the
A Warrants, the instrument constituting the A Warrants, pursuant to the terms
of a repurchase agreement between (i) the Company;  and (ii) Marwyn Value
Investors LP and MVI II Holdings I LP (being the holders of the A Shares and A
Warrants (the "Sellers")) dated 5 July 2024. The Sellers are each managed by
Marwyn Investment Management LLP.

Neither the A Shares nor the A Warrants carry any voting rights and therefore
the number of voting rights in the Company is unaffected by the Repurchase and
Cancellation. The total number of Ordinary Shares in the Company in issue
remains 700,000, each with equal voting rights. This 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.

Enquiries:

Company Secretary

Antoinette Vanderpuije - 020 7004 2700

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

WH Ireland - Corporate Broker 020 7220 1666

Harry Ansell

Katy Mitchell

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSGZGGNKKZGDZM