15 Sep 2016 07:00
15 September 2016
MXC Capital Limited ("MXC" or the "Company")
MXC Partner invests £1 million in the Company
MXC Capital Limited (AIM:MXCP), the AIM quoted technology focused merchant bank, is pleased to announce that an Operating Partner in MXC, is investing £1 million in the Company by way of a subscription for 33,333,333 new ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 3 pence per share. The subscription price reflects the share price of MXC at the time the Operating Partner joined the Company and represents an 18% premium to the share price at which the Company recently raised capital from institutions in May 2016.
Application has been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8 a.m. on 22 September 2016.
Following Admission and cancellation of the Ordinary Shares purchased pursuant to the recently completed tender offer, the total number of exercisable voting rights in the Company will be 3,302,644,104. 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.
MXC Capital LimitedMarc Young+44(0)20 7965 8149
Zeus Capital Limited (Nominated adviser and broker)Nick How/Giles Balleny+44 (0)20 3829 5000
Alma PRJosh 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.