MXC Capital Limited Sale of Castleton Shares (3446K)
April 10 2018 - 2:00AM
UK Regulatory
TIDMMXCP
RNS Number : 3446K
MXC Capital Limited
10 April 2018
MXC Capital Limited
("MXC")
Sale of Castleton Shares
MXC Capital Limited (AIM: MXCP) announces that on 9 April 2018
it sold 660,000 ordinary shares of 2 pence each in the capital of
Castleton Technology plc ("Castleton") ("Castleton Shares"), at a
price of 75.848 pence per Castleton Share (the "Sale Price") (the
"Sale").
Following the Sale, MXC holds 19,361,211 Castleton Shares,
representing 24.5% of its issued share capital.
Valuing MXC's pre-Sale holding of 20,021,211 Castleton Shares at
the Sale Price and taking into account the proceeds of GBP1.66
million from the recent option exercise as announced on 21 February
2018, this would represent a 3.0x return for MXC on its cost of
investment in Castleton.
Castleton Technology plc ("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.
The proceeds of the Sale will be used in line with MXC's stated
strategy of investing in technology companies.
MXC Capital Limited
Ian Smith
+44(0)20 7965 8149
Zeus Capital Limited (Nominated adviser and broker)
Giles Balleny
+44 (0)20 3829 500
About MXC Capital (www.mxccapital.com)
MXC is a specialist adviser and investor 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
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