17th Mar 2015 07:00
MXC Capital Limited
("MXC" or the "Company")
Sale of shares in Eagle Eye Solutions Group plc ("Eagle Eye")
MXC is pleased to announce that is has, as part of the placing concluded yesterday, disposed of its entire holding in Eagle Eye at a price of £2.00 per share. The net proceeds received from selling Eagle Eye shares over the past month is £2.34 million. The sale concludes MXC's legacy asset disposal activities and the company is now solely focused on growing its technology focused merchant banking activities.
Marc Young, CEO of MXC said: "We are pleased to have successfully concluded the disposal of the last remaining legacy asset. The net proceeds represent a good return for our shareholders. We will employ the proceeds to further build out our tech focused merchant banking activities."
MXC Capital Limited
Marc Young
+44(0)20 7965 8149
Zeus Capital Limited (Nominated adviser and broker)
Nick How/John Depasquale/John Treacy
+44 (0)20 7533 7727
Alma PR
Josh Royston / Hilary Buchanan
+44 (0)7780 901979/+44 (0) 7515 805218
About MXC Capital
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.
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