15 Dec 2015 07:00
15 December 2015
MXC Capital Limited
("MXC" or the "Company")
Director dealings and issue of equity
MXC announces that it has been notified of the following Director dealings:
Peter Rigg, Chairman, and Paul Guilbert, Non-executive Director, have elected to receive part of their fees in shares which equates to the issue of 1,147,540 and 655,737 new ordinary shares of nil par value ("Ordinary Shares") respectively at a price of 3.05p per Ordinary Share (the closing middle market quotation per Ordinary Share as at 11 December 2015). This is equivalent to £35,000 and £20,000 of fees respectively.
Separately, on 14 December 2015, Paul Guilbert purchased 166,666 MXC Ordinary Shares at a price of 3p each.
Following the issue of shares and Paul Guilbert's share purchase, Peter Rigg's aggregate beneficial holding will increase to 9,647,540 Ordinary Shares representing 0.30% of the Company's enlarged issued share capital, and Paul Guilbert's aggregate beneficial holding will be 822,403 Ordinary Shares representing 0.03%.
An application for admission of the new Ordinary Shares to trading will shortly be made, with admission expected to be effective as at 8.00am on Friday 18 December.
Furthermore, Marc Young, Director, has transferred 7,545,000 Ordinary Shares to his SIPP. Marc's aggregate beneficial holding of 105,582,458 Ordinary Shares, representing 3.33% of the Company's enlarged issued share capital, is unchanged.
Following the issue of shares, the total number of exercisable voting rights in the Company will be 3,167,154,269 which 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 Limited
Marc Young
+44(0)20 7965 8149
Zeus Capital Limited (Nominated adviser and broker)
Nick How
+44 (0)20 3829 5577
Alma PR
Josh Royston / Hilary Buchanan
+44 (0)7780 901979/+44 (0) 7515 805218
About MXC Capital (www.mxccapital.com)
MXC 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.