12 Aug 2014 14:14
Broca plc
(the "Company")
Result of General Meeting and Accelerated Whitewash
The Company announces that at its General Meeting ("GM") held earlier today, all of the resolutions proposed, as set out in the notice of the GM, were duly passed.
Change of Name, Ticker and Website
Following the GM, the Registrar of Companies has issued a change of name certificate to change the company name to MXC Capital plc. Application will shortly be made to the Stock Exchange to change the ticker from BRC to MXCP.
For the purposes of AIM Rule 26 the Company's website address will be changed to www.mxccapital.com upon admission of the Placing Shares.
The acquisition of the partnership interest in MXC Capital Advisory LLP remains contingent on FCA approval. Following FCA approval the Enlarged Group will seek to generate shareholder returns by investing in growth businesses and providing corporate finance advisory services. It will:
· have a merchant banking ethos of shared risk and reward;
· be focused on the TMT sector;
· provide corporate finance advice to investee companies through MXC Capital Advisory; and
· have a consultancy relationship with MXC Holdings, with the remit, among other things, to introduce suitable investment opportunities to the Company
The Company will look at a wide variety of opportunities within the TMT sector but expects to focus on special situations, particularly:
· turnaround transactions - delivering strategic enhancements and/or operational improvements; and
· buy-and-build strategies - creating value through consolidation and effective integration.
Board Changes
Following the Admission of the Placing Shares, Peter Martin Rigg (Non-Executive Chairman), Paul Graham Guilbert (Non-Executive Director) and Marc Young (Chief Executive Officer) will join the board of directors.
Other than their directorship of the Company, they have held the following directorships or been partners in the following partnerships within the five years prior to the date of this announcement:
Name | Current Directorships and Partnerships | Past Directorships and Partnerships
|
Marc Young | 104 Bolingbroke Grove Management Company Limited
| MXC Capital Advisory LLP |
Peter Rigg | Polarcus Limited (Cayman Islands) Schroders Oriental Income Fund Ltd (Guernsey) GEMS III Limited | GEMS Oriental & General Fund II Limited General Enterprise Management Services (International) Ltd |
Paul Guilbert | Indian Advisors (CI) Limited (Guernsey) Alchemy India (CI) Limited (Guernsey) Alchemy Partners (Gsy) Limited (Guernsey) Alchemy Partners CI (Guernsey) Limited (Guernsey) Alchemy Partners Nominees Limited (Guernsey) Alchemy Partners LP (Guernsey) Limited (Guernsey) Stichting AP GP (Netherlands) Tattershall Castle Group Limited (Guernsey) TCGB Guernsey Limited (Guernsey) TCGB Holdings Limited (Guernsey) TCGI Holdings Limited (Guernsey) TCGP Guernsey Limited (Guernsey) TCGP Holdings Limited (Guernsey) TCGT Holdings Limited (Guernsey) Alchemy Partners GP Limited (Guernsey) Alchemy Special Opportunities (Guernsey) Limited (Guernsey) Alchemy Special Opportunities (GP) Limited (Guernsey) ASO (CI) Limited (Guernsey) ASO (GP) II Limited (Guernsey) ASO (CI) II Limited (Guernsey) ASOF II Feeder Fund (GP) Limited (Guernsey) ASO Lux 2 Sarl (Luxembourg) ASO (GP) III Limited (Guernsey) ASO (CI) III Limited (Guernsey) ASOF III Feeder Fund (GP) Limited (Guernsey) ASO Lux 3 Sarl (Luxembourg) Bedford Lux Sarl (Luxembourg) Palmer Lux Sarl (Luxembourg) Garrick Lux Sarl (Luxembourg) AAA Guernsey Limited (Guernsey) Pearl Diver CLO Opportunity 2008 GP Limited (Guernsey) Pearl Diver CLO Opportunity 2014 GP Limited (Guernsey) SOF General Partner (Guernsey) Limited (Guernsey) SOF Conduit (Guernsey) GP Limited (Guernsey) | Neptun Lux Holding One Sarl (Luxembourg) Neptun Lux Holding Two Sarl (Luxembourg) Neptun Lux Holding Three Sarl (Luxembourg) Ironmax S.ár.L (Luxembourg) First Chemical (Luxembourg) S.a.r.l. (Luxembourg) Red & Black Lux 2 S.ar.l (Luxembourg) CEA Private Equity Group Limited (Guernsey) Permira Advisers Group Holdings Limited (Guernsey) Permira Debt Managers Group Holdings Limited (Guernsey) Permira Europe I Nominees Limited (Guernsey) Permira (Guernsey) Limited Permira Europe II Nominees Limited (Guernsey) Permira Europe BV (Netherlands) Permira IP Limited (Guernsey) Permira Investments Limited (Guernsey) Permira Nominees Limited (Guernsey) Permira Carried Interest G.P. Limited (Guernsey) Permira Europe III Nominees Limited (Guernsey) Permira Europe III G.P. Limited (Guernsey) Permira Holdings Limited (Guernsey) Permira (Europe) Limited (Guernsey) Permira IV GP Limited (Guernsey) Permira IV Managers Limited (Guernsey) P-Investments Luxembourgh S.a.r.l. (Luxembourg) Permira Capital Limited (Guernsey) TCG Holdings Limited (Guernsey) Fermain Holdings Limited (Guernsey) Nalozo Guernsey G.P. Limited (Guernsey) Permira Europe II Managers BV (Netherlands) Topsi 2 S.ar.l (Luxembourg) Topsi 1 S.ar.l (Luxembourg) Gaminghouse S.A. (Luxembourg) Gaming Invest S.a.r.l. (Luxembourg) ASO Lux S.ar.l. (Luxembourg) ASO Lux 2 S.a.r.l. (Luxembourg) Alchemy Special Opportunities (Trading) Limited (Guernsey) Liberator Manger Partner Limited (Guernsey) Liberator GP Limited (Guernsey) Birds Eye Iglo Equity Investment Plan Limited (Guernsey) AMS Holding Sarl (Luxembourg) Saline Nominees Limited (Guernsey) AA Development Cap India (GP) Limited (Guernsey) Conversus Capital Limited (Guernsey) ASO Lux SARL (Luxembourg) Subtarc SA (Luxembourg) Crane Midco (Guernsey) Limited (Guernsey) UBK Buyout Investments (Guernsey) Limited (Guernsey) Fashion Auction SARL (Luxembourg) CT Fashion A SARL (Luxembourg) CT Fashion B (Luxembourg) Elgae S.ar.l (Luxembourg) Dreamliner Lux S.a.r.l (Luxembourg) MEP S.a.r.l (Luxembourg) Toro Investment S.A. (Luxembourg) Reden S.a.r.l (Luxembourg) CMA S.a.r.l (Luxembourg) Victoria Holding Sarl (Luxembourg) Telco Holding S.a.r.l (Luxembourg) Cognis Holding Luxembourg Sarl (Luxembourg) Cart Lux Sarl (Luxembourg) Tarc Lux S.a.r.l (Luxembourg) MWCR Lux S.a.r.l (Luxembourg) Gupag S.ar.l (Luxembourg) Lavena 1 Sarl (Luxembourg) Lavena 2 Sarl (Luxembourg) Lavena 3 Sarl (Luxembourg) Foodco Sarl (Luxembourg) Korolux S.A.R.L (Luxembourg) Kikkolux S.A.R.L (Luxembourg) Avallux S.a.r.l (Luxembourg) Siltarc SA (Luxembourg) Subcart SA (Luxembourg) Silcart SA (Luxembourg) Red & Black Holdco 2 S.ar.l (Luxembourg) Nuclobel Topco 1 Sarl (Luxembourg) Nuclobel Topco 2 Sarl (Luxembourg) Nuclobel Lux 1 Sarl (Luxembourg) Nuclobel Lux 2 Sarl (Luxembourg) ENB TopCo 1 S.ar.l (Luxembourg) ENB TopCo 2 S.ar.l (Luxembourg) ENB Lux 1 S.ar.l (Luxembourg) ENB Lux 2 S.ar.l (Luxembourg) Kitza S.ar.l. (Luxembourg) Nalozo S.ar.l. (Luxembourg) Nalozo Topco S.ar.l. (Luxembourg) LuxELIT Sarl (Luxembourg) Red & Black TopCo S.ar.l (Luxembourg) Red & Black Holdco S.ar.l (Luxembourg) Pronutri Sarl (Luxembourg) Perconlux Sarl (Luxembourg) Nutrilux Sarl (Luxembourg) MEP II Sarl (Luxembourg) Fita 2 sarl (Luxembourg) Torisa S.a.r.l (Luxembourg) Venice Luxco S.a.r.l (Luxembourg) Telefood S.a.r.l (Luxembourg) |
Paul Guilbert was a director of TCG Holdings Limited (a company registered in Guernsey) until 13 April 2010. On 28 September 2010, an application was made to the Court for a compulsory winding up of the company. On 3 January 2012, a further application was made for an order declaring the company be dissolved it being noted that there were no assets of the company available for distribution. The company was dissolved on 20 November 2012.
There are no further matters to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.
Further to the above, Andrew ("Ian") Ian Smith, Simon D'Olier Duckworth OBE DL and Jill Collighan will be resigning from the board of directors with effect from Admission of the Placing shares. Jill Collighan will remain with the Company in an executive capacity as Group Finance Director.
Total Voting Rights
Following completion of the Placing the Company's total issued share capital will be 1,247,547,176 ordinary shares of 1p each.
The total number of voting rights in the Company is therefore 1,247,547,176. There are a further 899,726 shares held in treasury.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure and Transparency Rules.
Broca plc
Jill Collighan, Finance Director
Simon Duckworth, Non-Executive Director
+44 (0) 20 7965 8149
Zeus Capital Limited (Nominated adviser and broker)
Tim Metcalfe/John Depasquale/John Treacy
+44 (0)20 7533 7727
MXC Capital plc
Marc Young
+44(0)20 7965 8149
Newgate Threadneedle
Josh Royston/ John Coles/ Caroline Forde
+44 (0)20 7653 9850