3 Nov 2017 12:54
MXC Capital Limited
("MXC" or the "Company")
Notice of Annual Results
The Board of MXC Capital Limited plans to announce its results for the year ended 31 August 2017 on 4 December 2017.
As outlined at the time of the Company's interim results on 10 May 2017, the Company's investments continue to perform in line with the Board's expectations.
The Company can confirm that at year end (31 August 2017) it had a Net Asset Value (NAV) of 2.05p per share with the underlying portfolio and liquid assets valued at 1.75p* per share. The closing share price on 2 November 2017 was 1.225p representing a discount of 40% to the Company's NAV.
The Company is continuing to work on a number of positive initiatives and hopes to update shareholders in more detail at the time of the final results.
The Board notes the recent movement in the Company's share price and can confirm it does not know of any material reason for the adverse movement.
* underlying portfolio and liquid asset value represents cash balances plus unaudited valuation of the Company's portfolio based on closing mid-market prices at 31 August 2017 with privately held assets valued at input cost or the latest fundraising valuation
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Enquiries:
MXC Capital Limited | |
Marc Young | +44(0)20 7965 8149 |
Zeus Capital Limited (Nominated adviser and broker) | |
Giles Balleny/ Nick How | +44 (0)20 3829 5000 |