We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Marwyn Mat. | LSE:MMAT | London | Ordinary Share | JE00B2419D89 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 13.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
Hot Features
Premium
TIDMMMAT
RNS Number : 0745S
AIM
02 September 2010
+------------------------------------------------------------------+
| ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION |
| IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM |
| RULES") |
+------------------------------------------------------------------+
| |
+------------------------------------------------------------------+
| COMPANY NAME: |
+------------------------------------------------------------------+
| |
| MARWYN MATERIALS LIMITED (the "Company"). |
| |
+------------------------------------------------------------------+
| COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY |
| TRADING ADDRESS (INCLUDING POSTCODES) : |
+------------------------------------------------------------------+
| |
| Elizabeth House, 9 Castle Street, St Helier, Jersey, JE4 2QP |
| |
+------------------------------------------------------------------+
| COUNTRY OF INCORPORATION: |
+------------------------------------------------------------------+
| |
| Jersey |
| |
+------------------------------------------------------------------+
| COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY |
| AIM RULE 26: |
+------------------------------------------------------------------+
| |
| www.marwynmaterials.com |
| |
+------------------------------------------------------------------+
| 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: |
+------------------------------------------------------------------+
| |
| The Company was admitted to AIM on 12 June 2008 with the |
| strategy of acquiring controlling stakes in one or more quoted |
| or unquoted profitable businesses in the UK and international |
| building materials industry and to use these as a platform for |
| further acquisitions. The Directors have reviewed a number of |
| potential acquisition targets since the Company was admitted to |
| AIM and believe that the acquisition of Breedon represents an |
| exciting opportunity within this strategy. The Company does not |
| currently undertake any trading activity. |
| |
| Marwyn Materials Investments Limited, a subsidiary of the |
| Company ("the Subsidiary"), had entered into conditional |
| acquisition agreements to acquire the entire issued share |
| capital of Breedon Holdings Limited ("Breedon"), a large |
| independent UK aggregates producer. |
| |
| In view of the size of Breedon, the Acquisition will, on |
| Completion, constitute a reverse takeover under Rule 14 of the |
| AIM Rules for Companies. |
| |
| Breedon is a fully integrated aggregates producer with 29 |
| quarries, 19 asphalt plants and 27 concrete plants in England |
| and Scotland, and the Directors believe it will provide the |
| Company with a robust platform for accelerated growth through |
| consolidation of the UK heavyside building materials sector. The |
| business is backed by a strong asset base with approximately 181 |
| million tonnes of mineral reserves and resources, providing an |
| estimated life of approximately 50 years at current output |
| levels. The Directors also believe that the business is well |
| invested with a substantial amount of new plant in good |
| condition. |
| |
| Main country of operation: Jersey and UK (via the reverse |
| takeover of Breedon Holdings Limited). |
| |
+------------------------------------------------------------------+
| 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): |
+------------------------------------------------------------------+
| |
| 416,666,667 Ordinary shares of no par value (which have been |
| placed at 12p each). |
| |
| There are no restrictions on the transfer of securities. |
| |
+------------------------------------------------------------------+
| CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND |
| ANTICIPATED MARKET CAPITALISATION ON ADMISSION: |
+------------------------------------------------------------------+
| |
| Capital to be raised on Admission: GBP50.0 million |
| |
| Market capitalisation (anticipated): GBP66.3 million |
| |
+------------------------------------------------------------------+
| PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
+------------------------------------------------------------------+
| |
| 78.5 per cent. |
| |
+------------------------------------------------------------------+
| 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: |
+------------------------------------------------------------------+
| |
| N/A |
| |
+------------------------------------------------------------------+
| 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): |
+------------------------------------------------------------------+
| |
| Peter William Gregory Tom CBE (Chairman) |
| Simon Neil Vivian (Chief Executive) |
| James Henry Merrick Corsellis (Non-executive Director) |
| David John Warr (Non-executive Director) |
| David Jeffreys Williams (Non-executive Director) |
| |
+------------------------------------------------------------------+
| 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): |
+------------------------------------------------------------------+
| |
| Before Admission: |
| |
| Name of shareholder Number of % of issued |
| ordinary share capital |
| shares |
| Marwyn Value Investors L.P. 50,010,000 36.8 |
| Cenkos Channel Islands 17,850,000 13.1 |
| Nominee Company Limited |
| Corporate Services (TD 15,693,020 11.5 |
| Waterhouse) Nominees Limited |
| Name of shareholder Number of % of issued |
| ordinary share capital |
| shares |
| Marwyn Value Investors L.P 148,982,667 26.9 |
| Cenkos Channel Islands 67,849,667 12.3 |
| Nominee Company Limited |
| Invesco plc 165,000,000 29.8 |
| Morgan Stanley 25,000,000 4.5 |
| Scottish Widows Investment 41,665,000 7.5 |
| Partnership |
| |
+------------------------------------------------------------------+
| NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE |
| 2, PARAGRAPH (H) OF THE AIM RULES: |
+------------------------------------------------------------------+
| |
| Peter Tom CBE (Chairman) |
| Simon Vivian (Chief Executive Officer) |
| |
+------------------------------------------------------------------+
| (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: |
+------------------------------------------------------------------+
| |
| (i) 31 December; |
| |
| (ii) Audited consolidated results of the Breedon Group |
| are included for the period from incorporation on 15 December |
| 2008 to 31 December 2009. |
| |
| (iii) 30 September 2010 (unaudited interims of Marwyn |
| Materials Limited and unaudited interims of Breedon Group); 30 |
| June 2011 (consolidated financial statements of the Enlarged |
| Group) and 30 September 2011 |
| |
+------------------------------------------------------------------+
| EXPECTED ADMISSION DATE: |
+------------------------------------------------------------------+
| |
| 6 September 2010 |
| |
+------------------------------------------------------------------+
| NAME AND ADDRESS OF NOMINATED ADVISER: |
+------------------------------------------------------------------+
| |
| Cenkos Securities plc |
| 6. 7. 8. Tokenhouse Yard |
| London EC2R 7AS |
| |
+------------------------------------------------------------------+
| NAME AND ADDRESS OF BROKER: |
+------------------------------------------------------------------+
| |
| Cenkos Securities plc |
| 6. 7. 8. Tokenhouse Yard |
| London EC2R 7AS |
| |
+------------------------------------------------------------------+
| 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: |
+------------------------------------------------------------------+
| |
| Copies of the admission document will be available from |
| www.marwynmaterials.com. The admission document contains full |
| details about the applicant and the admission of its securities. |
| |
+------------------------------------------------------------------+
| DATE OF NOTIFICATION: |
+------------------------------------------------------------------+
| |
| 2 September 2010 |
| |
+------------------------------------------------------------------+
| NEW/ UPDATE: |
+------------------------------------------------------------------+
| UPDATE |
| |
+------------------------------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
AIMKKBDQNBKDDCK
1 Year Marwyn Mat. Chart |
1 Month Marwyn Mat. Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
