Castleton!1 Oct 2015 14:50
Castleton Technology plc (AIM: CTP), the software and managed services provider to the public and not for profit sectors, announces that on 30 September 2015, MXC Capital Limited ("MXC Capital"), a company in which Ian Smith, CEO, is a substantial shareholder, exercised options over 16,929,888 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares"). The options were exercised at a price of 0.8 pence per Ordinary Share.
The Company has therefore allotted 16,929,888 new Ordinary Shares (the "Option Shares") to MXC Capital. MXC Capital's resultant holding is 361,886,877 Ordinary Shares, representing 24.0 per cent. of the Company's issued share capital