MXC Capital Limited (AIM: MXCP), the technology focused merchant bank, announces that, following receipt of two notices of exercise of options by former employees of the Company's predecessor, 2ergo, the Company has allotted 20,000,000 new ordinary shares of no par value in the capital of the Company ("New Ordinary Shares").
Application has been made for the New Ordinary Shares to be admitted to trading on AIM. Admission of 10,000,000 new ordinary shares is expected to become effective on 5 October 2016 ("First Admission"), and admission of the remaining 10,000,000 new ordinary shares is expected to become effective on 7 October 2016 ("Second Admission").
Following the First Admission, the total number of exercisable voting rights in the Company will be 3,379,310,770. Following the Second Admission, the total number of exercisable voting rights in the Company will be 3,389,310,770. These figures 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.
At 9:13am: (LON:MXCP) MXC Capital Plc share price was 0p at 2.95p