Marwyn Value Investors Limited notes today's announcement by Marwyn Acquisition Company plc ("MAC plc") regarding the appointment of Waheed Alli as non-executive chair of MAC plc with effect from 6 November 2022. In connection with this appointment, subject to shareholder approval at the annual general meeting of MAC plc due to be held on 5 December 2022 the investing policy of MAC plc will be amended to focus on acquisition opportunities arising within the traditional and digital creative industries encompassing content, media and technology. Waheed has over 30 years' experience across the media, retail, entertainment and technology sectors, having launched and grown a number of highly successful private and public businesses in his career.

He co-founded Planet 24, a TV production company which produced shows such as The Big Breakfast, The Word and Survivor (created by Charlie Parsons). Planet 24 was sold toCarlton Productions, now known as ITV Studios, in 1999. Waheed co-founded TV production company, Shine, and was Chair of production company Chorion plc, including during its time as a listed business between 2003 and 2006 delivering share price growth of over 275%.

As Founder and CEO of Silvergate Media, Waheed acquired the IP and distribution rights to The Octonauts in 2012, establishing international partnerships with Netflix, Disney and Nickelodeon before selling Silvergate Media to Sony in 2019.