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Regulatory News


Notice of Annual Results

Fri, 3rd Nov 2017 12:54


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
 
END
 
 
NORFSFFEDFWSEIF


Related Shares:
MXC Capital (MXCP)



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