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MXCP Mxc Capital Limited

48.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mxc Capital Limited LSE:MXCP London Ordinary Share GG00BGK3LD00 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 48.00 43.00 53.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

MXC Capital Limited Sale of Castleton Shares (1113S)

21/06/2018 7:56am

UK Regulatory


Mxc Capital (LSE:MXCP)
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TIDMMXCP

RNS Number : 1113S

MXC Capital Limited

21 June 2018

MXC Capital Limited

("MXC")

Sale of Castleton Shares

MXC Capital Limited (AIM: MXCP) announces that on 20 June 2018 it sold 7,000,000 ordinary shares of 2 pence each in the capital of Castleton Technology plc ("Castleton") ("Castleton Shares"), at a price of 82.5 pence per Castleton Share (the "Sale Price") (the "Sale"). The Sale Price is a 9% premium to the last price at which MXC sold Castleton Shares in April 2018 and represents a 3.3x return for MXC.

Following the Sale, MXC holds 12,361,211 Castleton Shares, representing 15.7% of its issued share capital.

Castleton Technology plc ("Castleton") is a leading supplier of complementary software and managed services to the public and not-for-profit sectors listed on the AIM market of the London Stock Exchange. Further details about Castleton (including latest financial reports) are available at www.castletonplc.com.

The proceeds of the Sale will be used in line with MXC's stated strategy of investing in technology companies.

MXC Capital Limited

Ian Smith

+44(0)20 7965 8149

Zeus Capital Limited (Nominated adviser and broker)

Giles Balleny

+44 (0)20 3829 500

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DISSEFSMFFASEIM

(END) Dow Jones Newswires

June 21, 2018 02:56 ET (06:56 GMT)

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