AdvancedAdvT – Completion of Acquisitions

Marwyn Value Investors Limited

01 August 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: 213800L5751QTTVEA774

01 August 2023

Marwyn Value Investors Limited ("MVIL" or the "Company")

AdvancedAdvT - Completion of Acquisitions

Further to the Company's announcement on 8 June 2023, the Company notes today's announcement by AdvancedAdvT Limited ("AdvT") that, following receipt of National Security and Investment Act approval, AdvT has completed the acquisition of five software businesses (the "Acquisitions") from Capita plc for a combined enterprise value of approximately £33 million in cash, funded by AdvT's cash reserves.

As the Acquisitions constitute a reverse takeover under the Listing Rules, AdvT's shares remain suspended until such time as AdvT is able to provide sufficient disclosure regarding the Acquisitions under Listing Rule 5.6.15.

Company enquiries:

Company Secretary - Aztec Financial Services (Jersey) Limited

Chris Copperwaite / Magdala Mullegadoo

01534 833000

Investor Relations

Kam Bansil

020 7039 1901

PR Adviser - FGS Global
Rollo Head 07768 994987
Chris Sibbald 07855 955531

Corporate Broker - Liberum Capital Limited

Chris Clarke / Owen Matthews

0203 100 2200

Shares in MVIL are not designed or intended for retail investors. Marwyn Investment Management LLP, the Manager, does not promote shares in MVIL to retail investors and they should not be offered to retail investors.

 

END