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Marwyn Value Investors Limited announced on 01 August 2023 that AdvancedAdvT Limited completed the acquisition of five software businesses from Capita plc. These acquisitions had a combined enterprise value of approximately £33 million in cash, funded by AdvancedAdvT's cash reserves, following National Security and Investment Act approval. AdvancedAdvT's shares remain suspended due to the acquisitions constituting a reverse takeover under Listing Rules, pending sufficient disclosure.
| Date | 1 Aug 2023 |
| Time | 08:32:26 |
| Category | Acquisitions and alliances |
| ID | 8872H |
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: 213800L5751QTTVEA774
01 August 2023
Marwyn Value Investors Limited ("MVIL" or the "Company")
AdvancedAdvT - Completion of Acquisitions
Further to the Company's announcement on 8 June 2023, the Company notes today's announcement by AdvancedAdvT Limited ("AdvT") that, following receipt of National Security and Investment Act approval, AdvT has completed the acquisition of five software businesses (the "Acquisitions") from Capita plc for a combined enterprise value of approximately £33 million in cash, funded by AdvT's cash reserves.
As the Acquisitions constitute a reverse takeover under the Listing Rules, AdvT's shares remain suspended until such time as AdvT is able to provide sufficient disclosure regarding the Acquisitions under Listing Rule 5.6.15.
Company enquiries:
Company Secretary - Aztec Financial Services (Jersey) Limited
Chris Copperwaite / Magdala Mullegadoo
01534 833000
Investor Relations
Kam Bansil
020 7039 1901
PR Adviser - FGS Global
Rollo Head 07768 994987
Chris Sibbald 07855 955531
Corporate Broker - Liberum Capital Limited
Chris Clarke / Owen Matthews
0203 100 2200
Shares in MVIL are not designed or intended for retail investors. Marwyn Investment Management LLP, the Manager, does not promote shares in MVIL to retail investors and they should not be offered to retail investors.