View all news

Advanced AdvT - PDMR Announcement

23/03/2021

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: 254900WYO35S1T334A28

AdvancedAdvT Limited

(formerly Marwyn Acquisition Company I Limited)

(the "Company")

Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMR") and Persons Closely

Associated ("PCA")

Further to the Company’s announcement on 18 March 2021, the Board is pleased to confirm that 132,500,000 ordinary shares of no par value in the Company ("Ordinary Shares") have now been admitted to the standard segment of the Official List and to trading on the London Stock Exchange’s Main Market with all ordinary shares trading under the LSE ticker ADVT.

As the change of the Company's name to AdvancedAdvT Limited is now effective, the Company’s website is now available at www.advancedadvt.com.

The Company also provides notification of the following transactions, effected on 23 March 2021, relating to: (i) Vin Murria OBE, the Chairman of the Company, and (ii) Marwyn Asset Management Limited (a related party of the Company through common directors) as manager of Marwyn Value Investors II LP, in respect of the subscription by each of them for 17,500,000 new Ordinary Shares.

687,000 of the Ordinary Shares subscribed for by Vin Murria will be subscribed for by her SIPP. Vin Murria’s SIPP entered into a subscription agreement and lock-in arrangement on 22 March 2021 in respect of such shares on the same terms as those entered into by Vin Murria in respect of the balance of 16,813,000 Ordinary Shares subscribed for directly by her and details of which are set out in the prospectus issued by the Company on 18 March 2021.

A PDMR Notification and a PCA Notification are set out at the bottom of this announcement.

Enquiries:

Company Secretary
Antoinette Vanderpuije – 020 7004 2700
AdvancedAdvT Limited, 11 Buckingham Street, London, WC2N 6DF

Finsbury – PR Adviser
Rollo Head 07768 994 987
Chris Sibbald 07855 955 531

Nplus1Singer Capital Markets Limited – Broker 020 7496 3000
Phil Davies
Iqra Amin

Further information on the Company can be found on its website at www.advancedadvt.com. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website or any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them

1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Vin Murria
2 Reason for the notification
a) Position/status Chairman
b) Initial notification/ Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name AdvancedAdvT Limited
b) LEI 254900WYO35S1T334A28
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument
Identification code
ordinary shares of no par value
ADVT
b) Nature of the transaction Subscription for ordinary shares by PDMR and by SIPP
c) Price(s) and volume(s) Price(s) Volume(s)
£1.00 17,500,000
d) Aggregated information
- Aggregated volume
- Price

17,500,000
£1.00
e) Date of the transaction Date of subscription agreements: 18 March 2021 and 22 March 2021
Issue of Ordinary Shares: 23 March 2021
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Marwyn Asset Management Limited, a person closely associated with James Corsellis and Mark Brangstrup Watts (Directors of the Company) and Antoinette Vanderpuije (Company Secretary of the Company)
2 Reason for the notification
a) Position/status Investor
b) Initial notification/ Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name AdvancedAdvT Limited
b) LEI 254900WYO35S1T334A28
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument
Identification code
ordinary shares of no par value
ADVT
b) Nature of the transaction Subscription for ordinary shares by PDMR and by SIPP
c) Price(s) and volume(s) Price(s) Volume(s)
£1.00 17,500,000
d) Aggregated information
- Aggregated volume
- Price

17,500,000
£1.00
e) Date of the transaction Date of subscription agreements: 18 March 2021
Issue of Ordinary Shares: 23 March 2021
f) Place of the transaction Outside a trading venue

This announcement and the information provided above is made in accordance with the requirements of the EU Market Abuse Regulation No 596/2014 ("MAR") and the Company confirms that each PDMR's notification obligations under MAR have also been satisfied.

Multimedia Files:

View all news