Repurchase of A Shares and A Warrants

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

 

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