MXC Capital Limited Resignation as Financial Adviser to Redcentric (8865P)

TIDMMXCP

RNS Number : 8865P

MXC Capital Limited

23 November 2016

23 November

MXC Capital Limited

("MXC" or the "Company")

Resignation as Financial Adviser to Redcentric plc

MXC Capital Limited (AIM: MXCP), the technology focused merchant bank, announces that MXC Capital Markets LLP has resigned as Financial Adviser to Redcentric Plc ("Redcentric).

Recently MXC has clearly demonstrated its continuing support for Redcentric by acquiring a meaningful equity stake in the Company to add to its existing holdings. MXC holds 8,159,316 Redcentric shares. MXC also holds options and warrants over 8,692,988 Redcentric shares, which, together with the shares it now holds, represents 10.5% of the diluted share capital of Redcentric (as enlarged by the issue of the options and warrants).

MXC Capital Limited

Marc Young/Steven Zhang

[phone]

Zeus Capital Limited (Nominated adviser and broker)

Nick How/Giles Balleny

[phone]

Alma PR

Josh Royston / Hilary Buchanan

[phone]/[phone]

About MXC Capital (www.mxccapital.com)

MXC (AIM:MXCP) is a specialist merchant bank with a track record of investing in and advising companies in the TMT sector. We bring together a deep knowledge of technology, first-hand experience of managing companies in the sector, an ability to make meaningful investments and a highly experienced corporate advisory team in support, all of which we combine to grow shareholder value.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 23, 2016 02:01 ET (07:01 GMT)