| Marwyn Adds Gambling Sites to Portfolio |
| Written by Mark Bennett |
| Tuesday, 20 December 2011 10:34 |
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Directors of Marwyn Management Partners have increased their stakes in the company after it completed its recent purchase of 63 arcades in the UK for £6.7 million. The company now operates 159 arcades and also has bingo clubs and a bingo website in its portfolio. It specialises in acquiring businesses in growth markets in the consumer, industrials and support services. Robert Ware, non-executive chairman, bought 95,318 shares at 50p and now holds 150,000 and non-executive directors Ian Steer and Stephen East bought 60,000 and 30,000 shares respectively. Marwyn Management Partners plc (MMP) is a corporate vehicle launched to pursue acquisition led growth strategies in the public markets. It was listed on the main market of the London Stock Exchange in January 2011 by Marwyn, the principal investment and advisory group. MMP acquires predominantly controlling interests in public and private companies.
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