18th Mar 2021 17:16
(Alliance News) - Marwyn Acquisition Company PLC on Thursday released a statement on the jump in its share price, saying it has no inside information, that no material update is imminent, and there has been no material change in its financial position or prospects since its most recent results on November 4.
Shares in Marwyn Acquisition Company, a blank-check company, closed 20% higher at 3.00 pence, having earlier traded as high as 4.75p.
Earlier, a separate company, Marwyn Acquisition Company I Ltd, announced it raised GBP130 million in a share placing, in which Marwyn Asset Management Ltd participated. Marwyn Acquisition Company I also said it will be renamed AdvancedAdvT.
Private equity firm Marwyn has a portfolio of six acquisition vehicles, according to its website.
By Ivan Edwards; [email protected]
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