Sch 1 Update - Marwyn Capital II Limited (8815T)

TIDMMCII

RNS Number : 8815T

AIM

13 December 2011

 
          ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION 
           IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM 
                                      RULES") 
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 COMPANY NAME: 
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  MARWYN CAPITAL II LIMITED (the "Company"). 
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 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY 
  TRADING ADDRESS (INCLUDING POSTCODES) : 
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  Registered office: 
  PO Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands 
 
  Trading address: 
  11 Buckingham Street, London, WC2N 6DF 
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 COUNTRY OF INCORPORATION: 
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  Cayman Islands 
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 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED 
  BY AIM RULE 26: 
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  www.marwyncapitaltwo.com 
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 COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, 
  IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING 
  POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE 
  TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: 
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  The Company was admitted to AIM on 24 December 2009 as a special 
  purpose vehicle with initial funding of GBP4.9 million (before 
  expenses). As at that date, the stated strategy of the Company 
  was to acquire one or more quoted or unquoted businesses or 
  companies (in whole or in part) initially by way of a reverse 
  takeover. The Company was established to focus on businesses 
  or companies conducting activities wholly or mainly in the 
  UK with particular focus on the leisure, healthcare, testing 
  and inspection sectors. The Directors have reviewed a number 
  of potential acquisition targets since the Company was admitted 
  to AIM and, for the past six months, the Company's focus has 
  been to review the leisure sector and to identify potential 
  acquisition opportunities therein. 
 
  Specifically, the Company has identified Paragon Creative Limited 
  ("Paragon Creative") as a potential acquisition target which 
  could be used as a platform from which to create value for 
  its shareholders. Paragon Creative designs and produces third 
  party attractions (including interactive exhibits, models and 
  fully themed attractions) for museums, shopping malls, theme 
  parks, science centres and other third party clients globally. 
  In addition to identified organic growth and acquisitive growth 
  opportunities, the opportunity exists to further leverage Paragon 
  Creative's existing skill base and expand into the development, 
  funding and operation of proprietary attraction concepts. 
 
  The Company does not currently undertake any trading activity. 
 
  The Company will enter into conditional acquisition agreements 
  to acquire the entire issued share capital of Paragon Creative, 
  immediately prior to Re-Admission. Shortly after Completion 
  Marwyn Capital Investments II Limited, a wholly-owned subsidiary 
  of the Company will become the immediate parent company to 
  Paragon Creative pursuant to the terms of an intra-group transfer 
  arrangement. 
 
  The Acquisition will constitute a reverse takeover under Rule 
  14 of the AIM Rules for Companies. 
 
  Main country of operation: UK (via the reverse takeover of 
  Paragon Creative). 
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 DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS 
  AS TO TRANSFER OF THE SECURITIES (i.e. where known, number 
  and type of shares, nominal value and issue price to which 
  it seeks admission and the number and type to be held as treasury 
  shares): 
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  Ordinary shares of no par value; number TBD 
 
  There are no restrictions on the transfer of securities. 
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 CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED 
  MARKET CAPITALISATION ON ADMISSION: 
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  Capital to be raised on Admission: TBD 
 
  Market capitalisation (anticipated): TBD 
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 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: 
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  TBD 
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 DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH 
  THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES 
  (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED: 
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  N/A 
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 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS 
  (underlining the first name by which each is known or including 
  any other name by which each is known): 
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  Robert Basil Hersov (Chairman) 
  Mark Colin Pyrah (Chief Executive Officer) 
  Mark Irvine John Watts (Non-executive Director) 
  Peter Edward Holdsworth (Production Director) 
  David Eugene Gray (Operations Director) 
  Mark Jonathan George Taylor (Commercial Director) 
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 FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED 
  AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER 
  ADMISSION (underlining the first name by which each is known 
  or including any other name by which each is known): 
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  The Company's shares will be suspended following announcement 
  of this Schedule 1 and pending publication of an Admission 
  Document. It is envisaged that the Company will have a two 
  stage admission process with the EIS/VCT shares admitted on 
  Day 1 and the Existing Ordinary Shares, General Placing Shares 
  and Consideration Shares admitted on Day 2. 
 
  Before Admission: 
   Name of shareholder           Number of ordinary   % of issued share 
                                             shares             capital 
   Marwyn Value Investors LP             20,000,000                40.8 
    Amati Global Partners LLP             5,000,000                10.2 
    Killik & Co                           5,000,000                10.2 
    Fidelity Investments                  4,900,000                10.0 
    ISIS EP LLP                           3,000,000                 6.1 
    Collins Stewart                       2,500,000                 5.1 
    Legal & General Investment            2,500,000                 5.1 
     Management 
    WH Ireland Group                      2,500,000                 5.1 
    Henderson Global Investors            1,500,000                 3.1 
 
 
 
  Post Admission of EIS/VCT Shares 
 
  TBD 
 
  Post admission of Existing Ordinary, General Placing Shares 
  and Consideration Shares 
   TBD 
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 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 
  2, PARAGRAPH (H) OF THE AIM RULES: 
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  TBD 
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 (i) ANTICIPATED ACCOUNTING REFERENCE DATE 
  (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION 
  DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited 
  interim financial information) 
  (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS 
  PURSUANT TO AIM RULES 18 AND 19: 
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             (i) 31 December; 
 
             (ii) Audited financial information on the Company for the financial 
             years from incorporation on 4 December 2009 to 31 December 
             2010 and the unaudited interim accounts to 30 June 2011 are 
             available free of charge on the Marwyn Capital II website at 
             www.marwyncapitaltwo.com. Audited consolidated results of the 
             target will be included in the admission document for the three 
             year period from 1 September 2008 to 31 August 2011; 
 
             (iii) 30 June 2012; 30 September 2012 and 30 June 2013 
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 EXPECTED ADMISSION DATE: 
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  22 December 2011 
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 NAME AND ADDRESS OF NOMINATED ADVISER: 
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  Cenkos Securities plc 
  6. 7. 8. Tokenhouse Yard 
  London EC2R 7AS 
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 NAME AND ADDRESS OF BROKER: 
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  Cenkos Securities plc 
  6. 7. 8. Tokenhouse Yard 
  London EC2R 7AS 
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 OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE 
  (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE 
  AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL 
  DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: 
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  Copies of the admission document will be available from www.marwyncapitaltwo.com 
  from the date of announcement. The admission document contains 
  full details about the applicant and the admission of its securities. 
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 DATE OF NOTIFICATION: 
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  13 December 2011 
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 NEW/ UPDATE: 
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 UPDATE 
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