Board changes

RNS Number : 4536F

Marwyn Acquisition Company II Ltd

07 November 2022

 

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: 2549008KZ7HM27V4O637

This announcement contains inside information

Marwyn Acquisition Company II Limited (the "Company")

Board changes

Marwyn Acquisition Company II Limited is pleased to announce the appointment of experienced financial services industry director Cathryn Riley as a non-executive director with effect from 6 November 2022.  The Company also announces that Mark Brangstrup Watts has resigned from the Board, also with effect from 6 November 2022.

Mark Hodges, Chairman of MAC II, commented: "I am delighted Cathryn has agreed to join the Board of MAC II. Cathryn has extensive expertise and insight from across the financial services industry that we look forward to benefitting from at an exciting time in MAC II's journey.

The Board would also like to thank Mark for his hard work and commitment to the Company since its establishment."

Cathryn is a highly experienced financial services industry executive and non-executive director, having worked across both public and private markets. She has had a wide-ranging career covering insurance, customer services, IT, operations and human resources. She was previously Group Chief Operations Director at Aviva plc, where she worked for 17 years, in roles including Group CIO, UK Commercial Director, CIO/COO Europe and COO. Prior to Aviva, Cathryn was general manager of transformation at BUPA, as well as a consultant in the financial services division of Coopers & Lybrand.

Cathryn is currently a non-executive director at AA Insurance Services Limited, the Financial Services Compensation Scheme, and Liberty Managing Agency Limited. She has previously held non-executive positions at ReAssure, International Personal Finance, Equitable Life and Chubb.

Publication of Supplementary Prospectus

The appointment of Cathryn and the resignation of Mark require the Company to publish a supplement (the "Supplementary Prospectus") to its prospectus dated 31 March 2022 (as supplemented by a supplementary prospectus dated 20 June 2022 (together the "Prospectus")). The supplementary prospectus is expected to be published shortly following FCA approval.

IMPORTANT INFORMATION:

This announcement has been prepared by, and is the sole responsibility of, the Directors of Marwyn Acquisition Company II Limited.

This announcement is an advertisement and does not constitute a prospectus relating to the Company and does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for, any shares in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with or act as any inducement to enter into, any contract therefor. The Prospectus is, and when published the Supplementary Prospectus will be, available from the Company's website at www.marwynac2.com/investors/prospectus.

Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for 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.

Enquiries:

Company Secretary

Antoinette Vanderpuije - 020 7004 2700

Marwyn Acquisition Company II Limited, 11 Buckingham Street, London, WC2N 6DF

Finsbury - PR Adviser

Rollo Head 07768 994 987

Chris Sibbald 07855 955 531

Investec Bank plc - Financial Adviser 020 7597 5970

Chris Baird

Carlton Nelson

Alex Wright

N.M. Rothschild & Sons Limited - Financial Adviser 020 7280 5000

Peter Nicklin

Shannon Nicholls

WH Ireland - Corporate Broker 020 7220 1666

Harry Ansell

Katy Mitchell

Cathryn Riley (aged 60 years) currently holds or has held the following directorships in the past five years:

Company or partnership	Active/resigned/dissolved
Automobile Association Insurance Services Limited	Active
Financial Services Compensation Scheme Limited	Active
Liberty Managing Agency Limited	Active
Lansdown OOD	Active
Lansdown Directorships Limited	Active
Chubb European Group SE	Resigned
Chubb Insurance Company of Europe SE	Resigned
Chubb Underwriting Agencies Limited	Resigned
AA Limited	Resigned
AA Insurance Holdings Limited	Resigned
International Personal Finance plc	Resigned
Reassure Group plc	Resigned
The Equitable Life Assurance Society	Resigned

There are no further details to be disclosed under FCA's Listing Rule 9.6.13R in respect of the appointment of Cathryn Riley.

Company background

Marwyn Acquisition Company II ("MAC II") is an acquisition vehicle listed on the standard segment of the London Stock Exchange. The Company is backed by Marwyn who have launched 11 previous comparable acquisition vehicles that have acquired platform businesses, which include Advanced Computer Software, BCA Marketplace, Breedon Aggregates and Entertainment One. MAC II launched a placing programme of redeemable C Shares on 31 March 2022 and appointed Mark Hodges as Chairman on 19 June 2022. MAC II's strategy at the time of Mark Hodges' appointment was refined to focus on pursuing business acquisition opportunities in the financial services, consumer and technology sectors.   More information on MAC II can be found here: www.marwynac2.com .

 

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