31 Oct 2019 18:09
MXC Capital Limited
("MXC" or the "Company")
Director Dealing Pursuant to Tender Offer
The Company was today notified that on 25 October 2019, Ian Smith, CEO of MXC, sold 238,674 ordinary shares of no par value in the capital of the Company ("Ordinary Shares") at 116 pence per Ordinary Share pursuant to the recent Tender Offer (the "Sale"), the result of which was announced on 17 October 2019. No other directors participated in the Tender Offer.
Following the Sale, Ian Smith now holds 10,165,122* Ordinary Shares, representing 15.5% of the issued share capital.
* of which 948,792 Ordinary Shares are held by Ian Smith's Self Invested Pension Plan
MXC Capital Limited
Ian Smith
+44(0)20 7965 8149
Zeus Capital Limited (Nominated adviser and broker)
Nick Cowles, Dan Bate
+44 (0) 161 831 1512
About MXC Capital (www.mxccapital.com)
MXC is a specialist technology adviser and investor with a track record of investing in and advising companies in the TMT sector. MXC brings together a deep knowledge of technology, first-hand experience of managing companies in the sector, an ability to make meaningful investments and a highly experienced corporate advisory team in support, all of which combine to grow shareholder value.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Andrew Ian Smith | ||||
2. | Reason for the Notification | |||||
a) | Position/status | CEO | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | MXC Capital Limited | ||||
b) | LEI | 213800LKMG4PDH2F8I85 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of no par value | ||||
Identification code | GG00BGK3LD00 | |||||
b) | Nature of the transaction | Sale of ordinary shares pursuant to tender offer | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: ·; Aggregated volume ·; Price |
n/a - single transaction | ||||
e) | Date of the transaction | 25 October 2019 | ||||
f) | Place of the transaction | Off market | ||||