MXC Capital Limited Subscription for Shares (8842J)
15 September 2016 - 4:01PM
UK Regulatory
TIDMMXCP
RNS Number : 8842J
MXC Capital Limited
15 September 2016
15 September 2016
MXC Capital Limited ("MXC" or the "Company")
MXC Partner invests GBP1 million in the Company
MXC Capital Limited (AIM:MXCP), the AIM quoted technology
focused merchant bank, is pleased to announce that an Operating
Partner in MXC, is investing GBP1 million in the Company by way of
a subscription for 33,333,333 new ordinary shares in the capital of
the Company ("Ordinary Shares") at a price of 3 pence per share.
The subscription price reflects the share price of MXC at the time
the Operating Partner joined the Company and represents an 18%
premium to the share price at which the Company recently raised
capital from institutions in May 2016.
Application has been made for the new Ordinary Shares to be
admitted to trading on AIM ("Admission"). Admission is expected to
occur at 8 a.m. on 22 September 2016.
Following Admission and cancellation of the Ordinary Shares
purchased pursuant to the recently completed tender offer, the
total number of exercisable voting rights in the Company will be
3,302,644,104. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company.
MXC Capital Limited
Marc Young
+44(0)20 7965 8149
Zeus Capital Limited (Nominated adviser and broker)
Nick How/Giles Balleny
+44 (0)20 3829 5000
Alma PR
Josh Royston / Hilary Buchanan
+44 (0)7780 901979/+44 (0) 7515 805218
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
END
IOEAKQDQDBKBOCD
(END) Dow Jones Newswires
September 15, 2016 02:01 ET (06:01 GMT)
Mxc Capital (LSE:MXCP)
Historical Stock Chart
From Apr 2024 to May 2024
Mxc Capital (LSE:MXCP)
Historical Stock Chart
From May 2023 to May 2024