MAC Alpha Limited - £600,000 Subscription

03/06/2023
RNS Number : 9053R
MAC Alpha Limited
06 March 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 number: 254900LOBYWJWYSAB947

6 March 2023

 

MAC Alpha Limited

(the "Company")

£600,000 Subscription

The Company announces that it has raised a further £600,000 through the issue of A Shares[1].

 

Pursuant to the Forward Purchase Agreement between the Company, Marwyn General Partner II Limited and Marwyn Value Investors II LP (related parties of the Company through common management) detailed in the Company's prospectus of 24 December 2021, the Company has raised £600,000 through the issue of 600,000 A Shares (with Class A Warrants being issued on the basis of one Class A Warrant per A Share) at a price of £1 per share. The capital is being raised to support the execution of the Company's stated strategy and will be invested upon receipt in its subsidiary. The Company's subsidiary is a related party of the Company due to its minority interests being held by other related parties to the Company.

 

A PDMR Notification and a PCA Notification are set out at the bottom of this announcement. As the A Shares are unlisted and 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. 

Notes

1 The A Shares are ordinary equity shares with the same economic rights as the Company's ordinary shares but without voting rights. They are convertible into ordinary shares on a one-for-one basis at the time at which the Company next publishes a prospectus or equivalent document in relation to a future listing of shares.

 

 

Enquiries:

 

Company Secretary

Antoinette Vanderpuije -  +44(0)207 004 2700

 

 

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, a director 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

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 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

600,000

d)

Aggregated information

- Aggregated volume

- Price

 

600,000

£1.00

e)

Date of the transaction

5 March 2023

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Marwyn Investment Management LLP, a person closely associated with James Corsellis, Antoinette Vanderpuije and Tom Basset (Directors 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

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 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

600,000

d)

Aggregated information

- Aggregated volume

- Price

 

600,000

NIL

e)

Date of the transaction

5 March 2023

f)

Place of the transaction

Outside a trading venue

 

This announcement is made in accordance with the requirements of the UK Market Abuse Regulation ("MAR") and the Company confirms that the PDMR's notification obligations under MAR have also been satisfied.

 

 



 

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