Business
SUCCESSFUL PLACING AND SUBSCRIPTION OF 30M SHARES
SUCCESSFUL PLACING AND SUBSCRIPTION OF 30M SHARES.
About this update from Investacc Group Limited
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.\nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT FOR THE PURPOSES OF THE UK PROSPECTUS REGULATION RULES OF THE FINANCIAL CONDUCT AUTHORITY (THE \"FCA\") AND DOES NOT CONSTITUTE A PROSPECTUS OR A PROSPECTUS EQUIVALENT DOCUMENT. A COPY OF THE PROSPECTUS TO BE PUBLISHED BY THE COMPANY IN CONNECTION WITH ADMISSION AND RE-ADMISSION WILL, WHEN PUBLISHED, BE AVAILABLE FOR INSPECTION AT THE COMPANY'S WEBSITE WWW.MArwynac2.com.\n28 June 2024\n \nMARWYN ACQUISITION COMPANY II LIMITED (\"COMPANY\" OR \"MAC II\")\nMAC II ACQUISITION OF INVESTACC\nSUCCESSFUL PLACING AND SUBSCRIPTION OF 30,000,000 NEW ORDINARY SHARES AT £1.00 PER SHARE\nMAC II announces that, further to its earlier announcement today (the \"Acquisition Announcement\"), it has conditionally raised £30 million (before expenses) via:\n· a conditional placing of 11,386,333 new ordinary shares of the Company (\"New Ordinary Shares\") at a price of £1.00 per share (the \"Issue Price\") (the \"Placing\"); and\n· conditional subscriptions directly with the Company for 18,613,667 New Ordinary Shares at the Issue Price (\"Subscription\" and together with the Placing, the \"Offer\"),\nAs set out in the Acquisition Announcement, the net proceeds of the Offer will be used to fund the Acquisition.\nThe Placing is conditional on, amongst other things (i) Admission having occurred not later than 8.00 a.m. on 4 July 2024 (or such later date as agreed between the Joint Bookrunners and the Company, being no later than 18 July 2024) and (ii) the Placing Agreement having become unconditional in all respects and not having terminated prior to Admission.\nThe New Ordinary Shares will, when issued and fully paid, rank pari passu in all respects with each other and with each Existing Ordinary Share, including the right to receive all dividends or other distributions declared with a record date falling after Admission.\nThe Offer is not conditional on Completion and may therefore complete while the Acquisition does not. In such cir...