Sch 1 Update - Marwyn Capital II Limited (8815T)
December 13 2011 - 7:49AM
UK Regulatory
TIDMMCII
RNS Number : 8815T
AIM
13 December 2011
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION
IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM
RULES")
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COMPANY NAME:
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MARWYN CAPITAL II LIMITED (the "Company").
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY
TRADING ADDRESS (INCLUDING POSTCODES) :
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Registered office:
PO Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands
Trading address:
11 Buckingham Street, London, WC2N 6DF
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COUNTRY OF INCORPORATION:
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Cayman Islands
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED
BY AIM RULE 26:
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www.marwyncapitaltwo.com
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR,
IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING
POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE
TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
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The Company was admitted to AIM on 24 December 2009 as a special
purpose vehicle with initial funding of GBP4.9 million (before
expenses). As at that date, the stated strategy of the Company
was to acquire one or more quoted or unquoted businesses or
companies (in whole or in part) initially by way of a reverse
takeover. The Company was established to focus on businesses
or companies conducting activities wholly or mainly in the
UK with particular focus on the leisure, healthcare, testing
and inspection sectors. The Directors have reviewed a number
of potential acquisition targets since the Company was admitted
to AIM and, for the past six months, the Company's focus has
been to review the leisure sector and to identify potential
acquisition opportunities therein.
Specifically, the Company has identified Paragon Creative Limited
("Paragon Creative") as a potential acquisition target which
could be used as a platform from which to create value for
its shareholders. Paragon Creative designs and produces third
party attractions (including interactive exhibits, models and
fully themed attractions) for museums, shopping malls, theme
parks, science centres and other third party clients globally.
In addition to identified organic growth and acquisitive growth
opportunities, the opportunity exists to further leverage Paragon
Creative's existing skill base and expand into the development,
funding and operation of proprietary attraction concepts.
The Company does not currently undertake any trading activity.
The Company will enter into conditional acquisition agreements
to acquire the entire issued share capital of Paragon Creative,
immediately prior to Re-Admission. Shortly after Completion
Marwyn Capital Investments II Limited, a wholly-owned subsidiary
of the Company will become the immediate parent company to
Paragon Creative pursuant to the terms of an intra-group transfer
arrangement.
The Acquisition will constitute a reverse takeover under Rule
14 of the AIM Rules for Companies.
Main country of operation: UK (via the reverse takeover of
Paragon Creative).
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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS
AS TO TRANSFER OF THE SECURITIES (i.e. where known, number
and type of shares, nominal value and issue price to which
it seeks admission and the number and type to be held as treasury
shares):
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Ordinary shares of no par value; number TBD
There are no restrictions on the transfer of securities.
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED
MARKET CAPITALISATION ON ADMISSION:
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Capital to be raised on Admission: TBD
Market capitalisation (anticipated): TBD
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
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TBD
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH
THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES
(INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:
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N/A
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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS
(underlining the first name by which each is known or including
any other name by which each is known):
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Robert Basil Hersov (Chairman)
Mark Colin Pyrah (Chief Executive Officer)
Mark Irvine John Watts (Non-executive Director)
Peter Edward Holdsworth (Production Director)
David Eugene Gray (Operations Director)
Mark Jonathan George Taylor (Commercial Director)
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FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED
AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER
ADMISSION (underlining the first name by which each is known
or including any other name by which each is known):
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The Company's shares will be suspended following announcement
of this Schedule 1 and pending publication of an Admission
Document. It is envisaged that the Company will have a two
stage admission process with the EIS/VCT shares admitted on
Day 1 and the Existing Ordinary Shares, General Placing Shares
and Consideration Shares admitted on Day 2.
Before Admission:
Name of shareholder Number of ordinary % of issued share
shares capital
Marwyn Value Investors LP 20,000,000 40.8
Amati Global Partners LLP 5,000,000 10.2
Killik & Co 5,000,000 10.2
Fidelity Investments 4,900,000 10.0
ISIS EP LLP 3,000,000 6.1
Collins Stewart 2,500,000 5.1
Legal & General Investment 2,500,000 5.1
Management
WH Ireland Group 2,500,000 5.1
Henderson Global Investors 1,500,000 3.1
Post Admission of EIS/VCT Shares
TBD
Post admission of Existing Ordinary, General Placing Shares
and Consideration Shares
TBD
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
2, PARAGRAPH (H) OF THE AIM RULES:
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TBD
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION
DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited
interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS
PURSUANT TO AIM RULES 18 AND 19:
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(i) 31 December;
(ii) Audited financial information on the Company for the financial
years from incorporation on 4 December 2009 to 31 December
2010 and the unaudited interim accounts to 30 June 2011 are
available free of charge on the Marwyn Capital II website at
www.marwyncapitaltwo.com. Audited consolidated results of the
target will be included in the admission document for the three
year period from 1 September 2008 to 31 August 2011;
(iii) 30 June 2012; 30 September 2012 and 30 June 2013
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EXPECTED ADMISSION DATE:
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22 December 2011
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NAME AND ADDRESS OF NOMINATED ADVISER:
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Cenkos Securities plc
6. 7. 8. Tokenhouse Yard
London EC2R 7AS
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NAME AND ADDRESS OF BROKER:
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Cenkos Securities plc
6. 7. 8. Tokenhouse Yard
London EC2R 7AS
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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE
(POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE
AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL
DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
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Copies of the admission document will be available from www.marwyncapitaltwo.com
from the date of announcement. The admission document contains
full details about the applicant and the admission of its securities.
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DATE OF NOTIFICATION:
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13 December 2011
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NEW/ UPDATE:
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UPDATE
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This information is provided by RNS
The company news service from the London Stock Exchange
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