MXC Capital Limited Notice of Annual Results (5497V)
November 03 2017 - 7:54AM
UK Regulatory
TIDMMXCP
RNS Number : 5497V
MXC Capital Limited
03 November 2017
MXC Capital Limited
("MXC" or the "Company")
Notice of Annual Results
The Board of MXC Capital Limited plans to announce its results
for the year ended 31 August 2017 on 4 December 2017.
As outlined at the time of the Company's interim results on 10
May 2017, the Company's investments continue to perform in line
with the Board's expectations.
The Company can confirm that at year end (31 August 2017) it had
a Net Asset Value (NAV) of 2.05p per share with the underlying
portfolio and liquid assets valued at 1.75p* per share. The closing
share price on 2 November 2017 was 1.225p representing a discount
of 40% to the Company's NAV.
The Company is continuing to work on a number of positive
initiatives and hopes to update shareholders in more detail at the
time of the final results.
The Board notes the recent movement in the Company's share price
and can confirm it does not know of any material reason for the
adverse movement.
* underlying portfolio and liquid asset value represents cash
balances plus unaudited valuation of the Company's portfolio based
on closing mid-market prices at 31 August 2017 with privately held
assets valued at input cost or the latest fundraising valuation
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
Enquiries:
MXC Capital Limited
Marc Young +44(0)20 7965 8149
Zeus Capital Limited (Nominated
adviser and broker)
Giles Balleny/ Nick How +44 (0)20 3829 5000
This information is provided by RNS
The company news service from the London Stock Exchange
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