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Marwyn Acquisition Co PLC - London-based acquisition vehicle considering assets in the industrials, manufacturing, engineering, construction, building products, or support services sectors - Appoints Waheed Alli as its new chair. Alli was formerly chair of online clothing retailer Asos PLC from 2001 to 2012. He has over 30 years experience across the media, retail, entertainment and technology sectors, the company explains.
As a result of Alli's appointment, MAC proposes a change to its investing policy to focus on "building a market leader in the creative industries, capitalising on the ongoing transformation of the content, media and technology sectors".
As part of this, it proposes to change its name to 450 PLC.
Current stock price: 2.20 pence, up 26% in London on Monday
12-month change: up 52%
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