Update on the acquisition of InvestAcc
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your INAC notes
THIS IS AN ANNOUNCEMENT AND NOT A PROSPECTUS OR A PROSPECTUS EQUIVALENT DOCUMENT AND INVESTORS AND PROSPECTIVE INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION ON THE BASIS OF ITS CONTENTS. A PROSPECTUS IN RELATION TO THE ACQUISITION WAS PUBLISHED ON 1 JULY 2024 ("ORIGINAL PROSPECTUS") WHICH WAS SUPPLEMENTED BY A SUPPLEMENTARY PROSPECTUS DATED 3 SEPTEMBER 2024.
Marwyn Acquisition Company II Limited
(the "Company")
Update on the acquisition of InvestAcc
Further to the Company's announcement on 28 June 2024 that it has entered into a binding agreement to acquire 100 per cent. of the issued share capital of InvestAcc Group Limited ("InvestAcc") a leading pensions services provider, the Company is pleased to announce that it has received the necessary regulatory approvals from the Financial Conduct Authority ("FCA") in respect of the change in control of the entities in the InvestAcc Group that are FCA authorised and will therefore proceed to Completion.
Accordingly, Completion of the Acquisition is expected to occur on 9 October 2024 subject to the FCA agreeing to the Re-Admission of the Enlarged Ordinary Share Capital of the Company to the equity shares (transition) category of the Official List and the London Stock Exchange having acknowledged that the Enlarged Ordinary Share Capital will be admitted to trading on its main market for listed securities, in each case with effect from Completion.
Expected Timetable
All times shown are London times unless otherwise stated. All dates and times are based on the current expectations of the Company and are subject to change. If any of the dates and/or times in this expected timetable change, the revised dates and/or times will be notified by announcement through a Regulatory Information Service.
| Event | Time and / or date |
| Expected date of Completion | Before 8 a.m. on 9 October 2024 |
| Cancellation of the listing of the Ordinary Shares on the London Stock Exchange | 8 a.m. on 9 October 2024 |
| Admission of the Consideration Shares | 8 a.m. on 9 October 2024 |
| Re-Admission of the Ordinary Shares | 8 a.m. on 9 October 2024 |
| Despatch of definitive certificates in respect of the Consideration Shares | By no later than 14 days after Re-Admission |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.