Acquisition of Ordinary Shares in BCA Marketplace

RNS Number : 8765F

Marwyn Value Investors Limited

22 May 2017

 

22 May 2017

Marwyn Value Investors Limited

(the "Company")

Acquisition of Ordinary Shares in BCA Marketplace plc

The Company announces that on 18 May and 19 May, Marwyn Value Investors II LP, in which the Company's Ordinary shares are indirectly invested via the Master Fund, acquired an additional 11,562,524 ordinary shares of BCA Marketplace plc ("BCA"), at an average price per share of 205.4p.  Following the acquisition, funds managed by Marwyn Asset Management Limited will own 4.17 per cent of the issued share capital of BCA, of which the Company will indirectly hold approximately 3.22 per cent of the issued share capital of BCA.

BCA owns and operates Europe's largest used vehicle marketplace, providing physical and digital auctions as well as managed vehicle services to automotive manufacturers and major fleet operators. BCA also owns WeBuyAnyCar.com, the UK's leading car buying service.

This announcement contains inside information.

Robert Ware, Chairman, Marwyn Value Investors Limited

PO Box 309, Ugland House, Grand Cayman, KY1 - 1104, Cayman Islands

Company enquiries:

Louisa Bonney / Scott Danks

Axio Capital Solutions Limited

Telephone: [phone]

PR enquiries:

Alex Child-Villiers / Ed Orlebar

Temple Bar Advisory Limited

Telephone: [phone]

 -End-

Notes to editors

Marwyn Value Investors Limited is a closed-ended investment company listed on the London Stock Exchange Specialist Fund Segment - a fully regulated market for professional, institutional and sophisticated investors. Current investments through its underlying funds include BCA Marketplace plc, Zegona Communications plc, Gloo Networks plc, Safe Harbour Holdings plc, Wilmcote Holdings plc and Le Chameau Group plc.

 

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