MXC Capital Limited Sale of Castleton Shares (1113S)
June 21 2018 - 1:56AM
UK Regulatory
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)
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
Real-Time news about Mxc Capital Limited (London Stock Exchange): 0 recent articles
More Mxc Capital News Articles