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RNS Number : 6920W

MAC Alpha Limited

24 December 2021

The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area, Canada, Australia, Japan or the Republic of South Africa.

24 December 2021

MAC Alpha Limited

(the "Company")

First day of dealings

MAC Alpha Limited is pleased to announce that 700,000 Ordinary Shares will at 8.00 a.m. today be admitted to the Standard Segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities (" Admission "). The Ordinary Shares will trade under the ticker MACA (ISIN: VGG5869Z1045 ).

The directors of the Company believe that the current economic environment will present attractive opportunities to invest in, improve and grow companies in partnership with an industry leading executive or management team. The directors of the Company have developed a listed acquisition company model that will enable trusted and successful management partners to identify value enhancing opportunities before raising additional capital.

A broad range of sectors will be considered. Those sectors which the directors currently believe will provide the greatest opportunity, and on which the Company will initially focus, include Automotive & Transport, Business-to-Business Services, Clean Technology, Consumer & Luxury Goods, Financial Services, Banking & FinTech, Insurance, Reinsurance & InsurTech, & Other Vertical Marketplaces, Healthcare & Diagnostics and Media & Technology.

The directors believe that the structure of the Company represents a significant improvement on conventional listed acquisition vehicles both for investors and vendors, allowing for greater speed and flexibility in financing and execution alongside lower operating and transactional costs.

The total number of Ordinary Shares in the Company in issue immediately following Admission is 700,000, each with equal voting rights. The 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. Immediately following Admission, funds managed by Marwyn Investment Management LLP will hold 90 per cent. of the issued Ordinary Shares of the Company. A PDMR Notification is set out at the bottom of this announcement.

Enquiries:

MAC Alpha Limited

Tel: +44(0)207 004 2700

Mark Brangstrup Watts

James Corsellis

Antoinette Vanderpuije

Further information on the Company can be found on its website at www.MAC-Alpha.com .

The Company's LEI is: 254900LOBYWJWYSAB947

Save for expressions defined in this announcement, words and expressions defined in the Prospectus shall have the same meaning in this announcement.

Important Notice

This announcement has been issued by and is the sole responsibility of the Company. Marwyn Capital LLP ("Marwyn Capital"), which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting only for the Company in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to its clients or advice to any other person in relation to the matters contained herein. Neither Marwyn Investment Management LLP nor Marwyn Capital nor any of their respective affiliates, directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for this announcement, its contents or otherwise in connection with it or any other information relating to the Company, whether written, oral or in a visual or electronic format.

This announcement may not be published, distributed or transmitted by any means or media, directly or indirectly, in whole or in part, in or into the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "US Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States and will not be offered, sold, exercised, resold, transferred or delivered, directly or indirectly, in or into the United States or to, or for the account or benefit of, any US person (as defined under Regulation S under the US Securities Act). The Company has not been, and will not be, registered under the U.S. Investment Company Act of 1940, as amended.

Neither this announcement nor any copy of it may be: (i) taken or transmitted into or distributed in any member state of the European Economic Area, Canada, Australia or the Republic of South Africa or to any resident thereof, or (ii) taken or transmitted into or distributed in Japan or to any resident thereof. Any failure to comply with these restrictions may constitute a violation of the securities laws or the laws of any such jurisdiction. The distribution of this announcement in other jurisdictions may be restricted by law and the persons into whose possession this document comes should inform themselves about, and observe any such restrictions.

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 Investment Management LLP, a person 
                                closely associated with James Corsellis 
                                and Mark Brangstrup Watts (Directors 
                                of the Company) and Antoinette Vanderpuije 
                                (Company Secretary to the Company) 
     -----------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status          Sponsor 
     -----------------------  ---------------------------------------------- 
 b)   Initial notification/    Initial 
       Amendment 
     -----------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
     ----------------------------------------------------------------------- 
 a)   Name                     MAC Alpha Limited 
     -----------------------  ---------------------------------------------- 
 b)   LEI                      254900LOBYWJWYSAB947 
     -----------------------  ---------------------------------------------- 
 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              Ordinary shares of no par value 
       of the financial 
       instrument, 
       type of instrument       VGG5869Z1045 
       Identification 
       code 
     -----------------------  ---------------------------------------------- 
 b)   Nature of                Subscription for shares 
       the transaction 
     -----------------------  ---------------------------------------------- 
 c)   Price(s)                   Price(s)    Volume(s) 
       and volume(s) 
                                  GBP1.00      630,000 
                                             ---------- 
     -----------------------  ---------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated              630,000 
       volume                    GBP1.00 
       - Price 
     -----------------------  ---------------------------------------------- 
 e)   Date of the              24 December 2021 
       transaction 
     -----------------------  ---------------------------------------------- 
 f)   Place of                 London 
       the transaction 
     -----------------------  ---------------------------------------------- 
 

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation as adopted into UK law by the European Union (Withdrawal) Act 2018, as amended from time to time, ("MAR") and the Company confirms that the PDMR's notification obligations under MAR have also been satisfied.

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END

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December 24, 2021 02:59 ET (07:59 GMT)

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