30 Aug 2018 07:00
MXC Capital Limited
("MXC" or the "Company")
Sale of Castleton Shares
MXC (AIM: MXCP), the technology focused adviser and investor, announces that on 29 August 2018 it sold 5,685,423 ordinary shares of 2 pence each in the capital of Castleton Technology plc ("Castleton") ("Castleton Shares") at a price of 97 pence per Castleton Share (the "Sale"), resulting in gross proceeds of £5.5 million.
Following the Sale, MXC no longer holds any Castleton Shares. The proceeds of the Sale will be used in line with MXC's stated strategy of investing in technology companies.
Castleton is a leading supplier of complementary software and managed services to the public and not-for-profit sectors listed on the AIM market of the London Stock Exchange. Further details about Castleton (including latest financial reports) are available at www.castletonplc.com.
MXC Capital Limited
Ian Smith
+44(0)20 7965 8149
Zeus Capital Limited (Nominated adviser and broker)
Giles Balleny
+44 (0)20 3829 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.