LONDON (Alliance News) - MXC Capital Ltd said Thursday it sold its entire stake in Castleton Technology PLC for GBP5.5 million.
MXC sold 5.7 million shares at a price of 2 pence each divesting all its 7.0% holding in the company.
"The proceeds of the sale will be used in line with MXC's stated strategy of investing in technology companies," MXC said.
MXC shares were trading flat at 1.30p while Castleton shares were up 0.5% at 104.00p each on Thursday.