1 million buy3 Sep 2015 14:57
now at 2.95.
SP up 4.42%
RCN went x-DIV today. Should be good money coming our way.
Acquisition of MXC Holdings Limited;
· Excluding the shares it owns in the Company, MXC Holdings is valued at £15 million for the purposes of the Acquisition.
· MXC Holdings' investments include 4.04% of the issued share capital of Redcentric (which has a market capitalisation of approximately £250 million) together with options over a further 6% of Redcentric shares, as well as shares in two privately owned, IP rich, software companies.
· The Acquisition fully aligns MXC's founders and executives with other shareholders and unifies all investments into a single entity.
· MXC currently has approximately £28 million of capital to invest and has an encouraging pipeline of transaction opportunities.