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: 2549008KZ7HM27V4O637
This announcement contains inside
information
Marwyn Acquisition Company II
Limited (the "Company" or "MAC II")
Board
Changes
MAC II announces that James Pearce
will today join the board of MAC II as Chief Financial Officer
(CFO). Mr Pearce will oversee the financial operations of the
Company and work alongside Mark Hodges and Will Self in the
development and execution of the overall company strategy.
The Company also announces that Cathryn Riley has resigned as
a director of the Company, effective today.
Mr Pearce was previously CFO of the Pension SuperFund. Prior to that, James
was Director of Group Finance at Just Group plc where he was
involved in a series of capital raisings from the IPO through to
Just Group's 2019 recapitalisation, as well as being responsible
for financial reporting, tax, and strategy. He is a Chartered
Accountant and has previously held managing director roles at JP
Morgan Cazenove and UBS.
MAC II is an acquisition vehicle
listed on the standard segment of the London Stock Exchange. The
Directors believe that the successful execution of the strategy,
including a platform business and follow-on M&A, performance
improvements and sustainable growth, has the potential to generate
significant long term returns for shareholders.
Chairman Mark Hodges commented: "We are delighted to welcome
James to the MAC II board as CFO. His sector expertise and
knowledge will be invaluable as we deliver our strategy for MAC
II. The Board would also like to thank Cathryn for her hard
work and commitment to the Company since her appointment in
2022."
Enquiries:
Company Secretary
Antoinette Vanderpuije - 020 7004 2700
FGS
Global - PR Adviser
Rollo Head
07768 994 987
Chris Sibbald 07855 955 531
WH
Ireland - Corporate Broker 020 7220 1666
Harry Ansell
Katy Mitchell
Notes
Background
Marwyn Acquisition Company II ("MAC
II") is an acquisition vehicle listed on the standard segment of
the London Stock Exchange. The vehicle is led by Chairman Mark
Hodges, who was previously CEO of ReAssure, prior to which he held
senior executive plc board positions at a number of large financial
services and consumer businesses including Centrica, Towergate and
Aviva. The Chief Executive Officer of MAC II is Will Self, who has
extensive experience across pension and retirement services
sectors. Previously Will was Chief Executive Officer of Curtis
Banks Group PLC and prior to this he was Chief Executive Officer of
Suffolk Life and Chief Commercial Officer of Cofunds, both
divisions of Legal & General. As Chief Executive Officer,
Will leads the development and execution of the overall company
strategy.
The Company is backed by Marwyn who
have launched 12 previous comparable acquisition vehicles that have
acquired platform businesses, which include Advanced Computer
Software, BCA Marketplace, Breedon Aggregates and Entertainment
One.
More information on MAC II can be
found here: https://marwynac2.com/.
James Henry Pearce (aged 54 years)
currently holds or has held the following directorships in the past
five years:
Current Directorships
None
Past
Directorships
PSF Capital (Scotland) GP Limited
PSF Professional Services Limited
PSF Holdings Limited
PSF Sponsor Limited
The Pension Superfund Asset & Liability Management
Limited
There are no further details to be
disclosed under FCA's Listing Rule 9.6.13R in respect of the
appointment of James Pearce.