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) |
| ||||
| 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) |
| ||||
| 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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