Director/PDMR Shareholding

RNS Number : 1333O

Marwyn Acquisition Company I Ltd

05 February 2021

 

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

This announcement contains inside information

The Company's LEI is: 254900WYO35S1T334A28

Marwyn Acquisition Company I Limited (the "Company")

PDMR and PCA Subscription for unlisted A Shares

The Company announces that today Marwyn Asset Management Limited (a related party of the Company through common directors) as manager of Marwyn Value Investors II LP has subscribed for 2,500,000 unlisted A Shares in the Company (with Class A Warrants being issued on the basis of one Class A Warrant per A Share) at a price of £1 per share raising £2,500,000 in aggregate to provide additional working capital to support the Company in the execution of its stated investment strategy.  A PDMR Notification and a PCA Notification are set out at the bottom of this announcement.

As the unlisted A Shares 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. 

Enquiries:

Company Secretary 020 7004 2700 Antoinette Vanderpuije 11 Buckingham Street, London, WC2N 6DF	Investec Bank plc - Financial Adviser  020 7597 5970  Christopher Baird  Carlton Nelson  Alex Wright
Finsbury - PR Adviser  Rollo Head 07768 994 987  Chris Sibbald 07855 955 531	WH Ireland - Corporate Broker 020 7220 1666 Harry Ansell Katy Mitchell

Further information on the Company can be found on its website at  www.MarwynAC1.com .  Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website or any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

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 Asset Management Limited, a person closely associated with James Corsellis and Mark Brangstrup Watts (Directors of the Company) and Antoinette Vanderpuije (Company Secretary 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	Marwyn Acquisition Company I Limited
b)	LEI	254900WYO35S1T334A28
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 Identification code	A Shares of no par value Unlisted
b)	Nature of the transaction	Subscription for shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.00 2,500,000
d)	Aggregated information - Aggregated volume - Price	2,500,000 £1.00
e)	Date of the transaction	4 February 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Marwyn Asset Management Limited, a person closely associated with James Corsellis and Mark Brangstrup Watts (Directors of the Company) and Antoinette Vanderpuije (Company Secretary 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	Marwyn Acquisition Company I Limited
b)	LEI	254900WYO35S1T334A28
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 Identification code	Class A Warrants Unlisted
b)	Nature of the transaction	Warrants issued on subscription for A Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 2,500,000
d)	Aggregated information - Aggregated volume - Price	2,500,000 NIL
e)	Date of the transaction	4 February 2021
f)	Place of the transaction	Outside a trading venue

This announcement is made in accordance with the requirements of the EU Market

Abuse Regulation ("MAR") and the Company confirms that each PDMR's notification

obligations under MAR have also been satisfied.

 

END

 

 

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