2 Mar 2020 14:37
MXC Capital Limited
("MXC" or the "Company")
Result of General Meeting
MXC (AIM: MXCP), the technology focused adviser and investor, announces that at its General Meeting held earlier today the resolution put to shareholders was duly passed.
Consequently, the proposed cancellation of admission to trading on AIM has been approved. The last day of dealings in the Company's Ordinary Shares on AIM will be 13 March 2020 and the Cancellation will become effective at 7am on 16 March 2020. Following the Cancellation, Zeus Capital Limited will cease to be the nominated adviser and broker to the Company.
With effect from Cancellation, the Company will implement a matched bargain facility provided by Ravenscroft Limited ("Ravenscroft") to assist Shareholders to trade in the Ordinary Shares. Under the matched bargain facility, Shareholders or persons wishing to acquire or dispose of Ordinary Shares will be able to leave an indication with Ravenscroft through their stockbroker or by contacting Ravenscroft directly, of the number of Ordinary Shares that they are prepared to buy or sell at a limit price.
In the event that Ravenscroft is able to match that order with an opposite sell or buy instruction, they would contact both parties and then effect the bargain. Shareholders wishing to take advantage of this facility should contact Jake Le Marchant at Ravenscroft on 01481 742199.
Further details of the Cancellation are set out in the Circular of 14 February 2020. Terms defined in the Circular apply throughout this announcement. A copy of the Circular is available on the Company's website, www.mxccapital.com.
MXC Capital Limited
Ian Smith
+44(0)20 7965 8149
Zeus Capital Limited (Nominated adviser and broker)
Daniel Harris
0203 829 5000
About MXC Capital Limited 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.