MXC Capital Limited Board Change (2193Y)
December 04 2017 - 1:00AM
UK Regulatory
TIDMMXCP
RNS Number : 2193Y
MXC Capital Limited
04 December 2017
MXC Capital Limited
("MXC" or the "Company")
Board Changes
MXC Capital Limited (AIM: MXCP), the technology focused merchant
bank, announces that Ian Smith, co-founder of MXC, has joined the
Board as Chief Executive and will lead the strategic development of
the Company going forward. Marc Young has stepped down from the
Board to take responsibility for launching a new MXC investment
strategy focusing on privately owned growth technology businesses.
Marc played a central role in bringing MXC to the AIM market and
its subsequent funding. Marc will join the Company's Advisory Board
as well as remaining Managing Partner of MXC Capital Markets
LLP.
The Board welcomes Ian Smith to the role and would like to thank
Marc Young for his contribution to the Board during the past three
years.
MXC Capital Limited
Ian Smith
+44(0)20 7965 8149
Zeus Capital Limited (Nominated adviser and broker)
Giles Balleny
+44 (0)20 7533 7727
The following additional information is provided in accordance
with paragraph (g) of Schedule Two to the AIM Rules for Companies
("AIM Rules"):
Andrew Ian ("Ian") Smith, aged 53, holds 518,550,515 ordinary
shares of no par value in the capital of the Company ("Ordinary
Shares"), representing 15.44% of the total voting rights. Of these,
Ian holds 472,750,220 Ordinary Shares personally, with the
remaining 45,800,295 held by his Self-Invested Pension Plan.
Current Directorships Directorships held over the last 5 years
Unitranche Ltd Fastnet Systems Plc
MXLG Acquisitions Limited Dialnet Plc
MXC Guernsey Limited MXC Capital Finance Limited
Mathian (CM) Limited
Mantin Capital Limited
Castleton Software Solutions Ltd
Castleton Managed Services Ltd
Castleton Technology Intermediate Holding Company Limited
Castleton Technology Holdings Limited
Castleton Technology plc
Kypera Holdings Limited
Kypera Limited
Homteam.Net Limited
Castleton Financial Modelling Solutions Ltd
Impact Applications Limited
MXC Holdings Limited
365 Agile Limited
Montal Group Limited
Montal Computer Systems Limited
Redcentric Plc
MXC Capital (UK) Limited
Redstone Converged Solutions Limited
MXC Capital ListCo plc
Mathian (Newco) LLP
Ian Smith was a director of Decorum Networks Limited which was
dissolved on 30 August 2007 with a deficiency to creditors of
GBP619,305. Ian was also a director of Broadblue Catamarans Limited
which was dissolved on 29 November 2016 and Broadblue Catamarans
Sales Limited which was dissolved on 5 August 2009. The aggregate
deficiency to members and unsecured creditors of both companies was
estimated at GBP612,593.
Save as set out above, there is no information specified by
paragraph (g) in Schedule Two to the AIM Rules that is required to
be disclosed.
About MXC Capital (www.mxccapital.com)
MXC 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
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