30 September 2016
Marwyn Value Investors Limited (the "Company")
Investment in Marwyn Specialty Chemicals plc
The Company announces that on 29 September 2016, Marwyn Asset Management Limited authorised a subscription for £10 million of new ordinary shares in Marwyn Specialty Chemicals Plc ("MSC"). The cost of this investment attributable to the Company represents approximately 5.8% of the Company's NAV (measured as at 16 September 2016).
MSC is a private company focused on creating value through the acquisition and subsequent development of target businesses in the specialty chemical and industrial sectors. MSC intends to acquire and operate businesses initially with an enterprise value in the range of £250 million to £1.5 billion.
This capital raise of £10 million will provide MSC with due diligence and operating capital prior to an initial platform acquisition. MSC intends to seek a public quotation or listing either before or at the time of completing its initial platform acquisition.
James Corsellis and Mark Brangstrup Watts, the founders of the Marwyn Group, are both directors of MSC. They have identified a Chief Executive Officer for MSC with specific sector experience who will join the Company at a future date.
Louisa Bonney / Anita Weaver
Axio Capital Solutions Limited
Telephone: 01534 761240
Alex Child-Villiers / Ed Orlebar
Temple Bar Advisory Limited
Telephone: 020 7002 1080
This information is provided by RNS