MXC Capital Limited Purchase of IDE Shares (6061K)

TIDMMXCP

RNS Number : 6061K

MXC Capital Limited

11 April 2018

MXC Capital Limited

("MXC")

Purchase of IDE Shares

MXC Capital Limited (AIM: MXCP) announces that on 10 April 2018 it bought 1.8 million ordinary shares of 2.5 pence each in the capital of IDE Group Holdings plc ("IDE") ("IDE Shares"), at a price of 13 pence per IDE Share.

Following this purchase, MXC holds 43,960,000 IDE Shares, representing 21.9% of its issued share capital.

IDE is a mid-market network, cloud and IT Managed Services provider listed on the AIM market of the London Stock Exchange. Further details about IDE (including latest financial reports) are available at www.idegroup.com.

MXC Capital Limited

Ian Smith

[phone]

Zeus Capital Limited (Nominated adviser and broker)

Giles Balleny

[phone]

About MXC Capital (www.mxccapital.com)

MXC is a specialist adviser and investor 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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April 11, 2018 08:46 ET (12:46 GMT)