6th Aug 2018 11:57
LONDON (Alliance News) - MXC Capital Ltd said Monday it lowered its stake in Castleton Technology PLC to 6.65% after selling the company's shares in two tranches.
First the company sold 4.8 million shares at 101.5 pence each on Friday, while later in the same day, it sold further 2.0 million shares at the same price.
The company now holds 5.3 million shares in Castleton.
MXC used the proceeds of the first sale to buy 4.9 million shares in tax software and services provider Tax Systems PLC at 89.5p each, raising its holding to 25.6%.
MXC shares were trading 1.4% higher at 1.27p each.
Related Shares:
CTP.LMXCP.LTAX.L