MMP Recommended Offer
Recommended offer to acquire the entire issued and to be issued ordinary share capital of Praesepe plc, Placing and notice of AGM
The Board of MMP is pleased to announce its firm intention to make an offer to acquire the entire issued and to be issued ordinary share capital of Praesepe plc (the "Praesepe Offer") and the proposed placing of up to 4,375,000 new ordinary shares in the capital of MMP at £1.00 per New MMP Share (with New Warrants attached on a one-for-one basis) (the "Placing").
The Directors believe that the proposed acquisition of Praesepe supports the execution of its strategy by providing a controlling stake in a cash generative platform business and strengthening the Marwyn management team through the skills and experience of the Praesepe management team and ultimately create value for shareholders.
Read more by downloading the PDF file.
rule_2.5_announcement (PDF file)