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
