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Result of Tender Offer

13 Sep 2016 07:00

RNS Number : 5955J
MXC Capital Limited
13 September 2016
 

13 September 2016

 

MXC Capital Limited

("MXC" or the "Company", together with its subsidiaries, the "Group")

Results of General Meeting and Tender Offer

£3.0 million returned to shareholders

As announced on 25 August 2016, in line with its policy of returning capital to Shareholders, the Board of MXC resolved to return up to £3 million of capital to Shareholders via a Tender Offer, bringing the total capital returns announced during the financial year to 31 August 2016 to £3.8 million. The Tender Offer closed at 1.00pm on 9 September 2016.

General Meeting

The Company announces that at the General Meeting held at 9.00 a.m. on 12 September, the resolution proposed in the Notice of General Meeting attached to the Circular in relation to the Tender Offer published by the Company on 25 August 2016, was duly passed.

Results of Tender Offer

The Company confirms 2,146,867,846 Ordinary Shares were validly tendered and 83,399,424 Ordinary Shares will be purchased at a price per Ordinary Share of 3.6 pence, for an aggregate consideration of £3.0 million. Tenders for up to and including the Tender Offer Entitlement of 1 Ordinary Share for every 41 Ordinary Shares will be met in full. Tenders received for surplus Ordinary Shares will be met at the rate of 0.0039729 Ordinary Shares for each surplus Ordinary Share tendered over and above the Tender Offer Entitlement of 1 for 41, rounded down to the nearest whole Ordinary Share.

The Ordinary Shares to be purchased under the Tender Offer represent approximately 2.4 per cent. of the Ordinary Shares in issue.

All of the 83,399,424 Ordinary Shares purchased by the Company will be cancelled. Cheques will be dispatched for certificated Ordinary Shares purchased pursuant to the Tender Offer and payment will be made through CREST for uncertificated Ordinary Shares purchased pursuant to the Tender Offer, in each case, by 22 September 2016.

Total voting rights

With effect from 22 September 2016, the total number of exercisable voting rights in the Company will reduce from 3,419,376,861 to 3,335,977,437. This 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.

Capitalised terms used in this announcement shall have the meanings given in the Circular referred to above which is available on the Company's website www.mxccapital.com 

  

 

MXC Capital Limited

Marc Young/Steven Zhang

+44(0)20 7965 8149

 

Zeus Capital Limited (Nominated adviser and broker)

Nick How/Giles Balleny

+44 (0)20 3829 5000

 

Alma PR

Josh Royston / Hilary Buchanan

+44 (0)7780 901979/+44 (0) 7515 805218

 

About MXC Capital (www.mxccapital.com)

MXC (AIM:MXCP) is a specialist merchant bank with a track record of investing in and advising companies in the TMT sector. We bring 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 we combine to grow shareholder value.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RTEUUVORNBAKAAR
Date   Source Headline
3rd Dec 20084:52 pmRNSHolding(s) in Company
1st Dec 20087:00 amRNSTransaction in Own Shares
25th Nov 20081:11 pmRNSShare repurchase programme
19th Nov 20087:00 amRNSFinal Results
10th Nov 20084:15 pmRNSNotice of Results
17th Sep 20087:00 amRNSTrading Update
11th Aug 20084:07 pmRNSHolding(s) in Company
4th Aug 20085:10 pmRNSHolding(s) in Company
31st Jul 20087:00 amRNSContract Win
29th Jul 20087:00 amRNSLoan Agreement
29th Jul 20087:00 amRNSAcquisition & Loan Agreement
3rd Jul 20084:47 pmRNSHolding(s) in Company
5th Jun 200810:12 amRNSHolding(s) in Company
28th May 20081:27 pmRNSHolding(s) in Company
19th May 20087:00 amRNSIFRS Restatement Report
19th May 20087:00 amRNSInterim Results
14th May 20086:10 pmRNSHolding(s) in Company
9th May 200812:43 pmRNSNotice of Results
28th Apr 200810:39 amRNSResult of EGM
14th Apr 200810:41 amRNSHolding(s) in Company
4th Apr 20081:41 pmRNSNotice of EGM
4th Mar 20084:33 pmRNSHolding(s) in Company
29th Feb 200810:46 amRNSResult of AGM
29th Feb 20087:01 amRNSTrading Update
25th Feb 20084:54 pmRNSHolding(s) in Company
25th Feb 20084:52 pmRNSIssue of Equity
6th Feb 200812:15 pmRNSNotice of AGM
4th Feb 200811:37 amRNSHolding(s) in Company
7th Jan 20087:01 amRNSContract with O2
19th Dec 20074:22 pmRNSHolding(s) in Company
29th Nov 20077:00 amRNSIssue of Equity
22nd Nov 20077:01 amRNSFinal Results
8th Nov 20074:33 pmRNSHolding(s) in Company
1st Nov 20077:02 amRNSProteus Agreement and Launch
31st Oct 20074:08 pmRNSNotice of Results
26th Oct 20073:15 pmRNSHolding(s) in Company
9th Oct 200712:35 pmRNSHolding(s) in Company
8th Oct 20077:01 amRNSLaunch of MultiSend
1st Oct 20077:02 amRNSContract Win
19th Sep 20072:07 pmRNSDirector/PDMR Shareholding
22nd Aug 20077:00 amRNSTrading Update
17th Aug 200710:42 amRNSAIM Rule 26
16th Aug 20075:57 pmRNSHolding(s) in Company
16th Aug 20079:13 amRNSWebsite Compliance
9th Jul 20077:00 amRNSManagement Incentive Plan
12th Jun 20077:03 amRNSAgreement with Rightmove
23rd May 20077:01 amRNSInterim Results
4th May 200710:00 amRNSNotice of Results
7th Mar 20079:01 amRNSHolding(s) in Company
6th Mar 20075:03 pmRNSCompletion of Demerger

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