TIDMMXCP

RNS Number : 8688R

MXC Capital Limited

31 October 2019

MXC Capital Limited

("MXC" or the "Company")

Director Dealing Pursuant to Tender Offer

The Company was today notified that on 25 October 2019, Ian Smith, CEO of MXC, sold 238,674 ordinary shares of no par value in the capital of the Company ("Ordinary Shares") at 116 pence per Ordinary Share pursuant to the recent Tender Offer (the "Sale"), the result of which was announced on 17 October 2019. No other directors participated in the Tender Offer.

Following the Sale, Ian Smith now holds 10,165,122* Ordinary Shares, representing 15.5% of the issued share capital.

* of which 948,792 Ordinary Shares are held by Ian Smith's Self Invested Pension Plan

MXC Capital Limited

Ian Smith

+44(0)20 7965 8149

Zeus Capital Limited (Nominated adviser and broker)

Nick Cowles, Dan Bate

+44 (0) 161 831 1512

About MXC Capital (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.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Andrew Ian Smith 
                -------------------------------  ------------------------------------ 
            2.   Reason for the Notification 
                --------------------------------------------------------------------- 
 a)              Position/status                  CEO 
                -------------------------------  ------------------------------------ 
 b)              Initial notification/Amendment   Initial notification 
                -------------------------------  ------------------------------------ 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                --------------------------------------------------------------------- 
 a)              Name                             MXC Capital Limited 
                -------------------------------  ------------------------------------ 
 b)              LEI                              213800LKMG4PDH2F8I85 
                -------------------------------  ------------------------------------ 
 4.              Details of the transaction(s): section to be repeated 
                  for (i) each type of instrument; (ii) each type of transaction; 
                  (iii) each date; and (iv) each place where transactions 
                  have been conducted 
                --------------------------------------------------------------------- 
 a)              Description of the               Ordinary shares of no par value 
                  Financial instrument, 
                  type of instrument 
                 Identification code              GG00BGK3LD00 
                -------------------------------  ------------------------------------ 
 b)              Nature of the transaction        Sale of ordinary shares pursuant to 
                                                   tender offer 
                -------------------------------  ------------------------------------ 
 c)              Price(s) and volume(s)            Price(s)     Volume(s) 
                                                    116 pence    238,674 
                                                                ---------- 
                -------------------------------  ------------------------------------ 
 d)              Aggregated information: 
                   *    Aggregated volume           n/a - single transaction 
 
 
                   *    Price 
                -------------------------------  ------------------------------------ 
 e)              Date of the transaction          25 October 2019 
                -------------------------------  ------------------------------------ 
 f)              Place of the transaction         Off market 
                -------------------------------  ------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 31, 2019 14:09 ET (18:09 GMT)

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