30 Oct 2014 11:20
Castleton Technology Plc
("Castleton" or "the Company")
Directors' Dealings
The Company has been notified that today MXC Holdings Limited, a company in which Ian Smith and Tony Weaver (Chief Executive and Non Executive Director of the Company respectively) have a controlling interest, transferred 160,866,080 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") to MXC Capital plc ("MXC Capital"), a company ultimately controlled by Ian Smith and Tony Weaver. The transfer included 6,250,000 Ordinary Shares which were previously held by Ian Smith's SIPP which were transferred to MXC Holdings earlier today. All of the Ordinary Shares were transferred at a price of 1.1 pence per Ordinary Share, being the price at which new Ordinary Shares are being issued pursuant to the placing in the Company's Ordinary Shares as announced this morning (the "Placing").
Following the above transfers, the total number of Ordinary Shares held by MXC Capital, is 160,866,080, representing approximately 25.8% of the issued share capital of the Company. Following issue and admission to trading on AIM ("Admission") of the new Ordinary Shares subscribed for by MXC Capital pursuant to the Placing, MXC Capital will hold 269,956,989 Ordinary Shares, representing 23.4% of the enlarged issued share capital at Admission. Ian Smith and Tony Weaver do not hold any other Ordinary Shares outside of those in MXC Capital.
Enquiries:
Castleton Technology Plc Ian Smith, Chief Executive | Tel. +44 (0)845 201 0000
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finnCap Ltd Charlotte Stranner/ Simon Hicks | Tel. +44 (0)20 7220 0500 |
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Newgate Threadneedle John Coles/ Hilary Buchanan | Tel. +44 (0)20 7653 9850
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