I am pleased to confirm that Calyx Managed Services Ltd is now owned by MXC Capital Limited, a London Stock Exchange, AIM quoted merchant bank that invests in UK-based telecommunications, media and technology businesses.
The Partners at MXC have a long and distinguished track record working with UK technology companies and we see this as an excellent opportunity to support our strategic visions and strong track record of successfully delivering managed IT services to the UK mid-market through our growing portfolio of managed cloud, networking and mobility solutions.
This acquisition comes after we have recently reported a growth in profit margin of 266% thanks to growing demand for consultancy, combined with our own operational investment.
For all day to day activities it is very much business as usual and our main focus will continue to be delivering first class services to our customers. Our principal objective is to ensure we continue to deliver a first class service to our customers and there will be no wavering as we strive to deliver integrity, spirit and excellence in everything we do.
It should be noted that the last day of dealings in and for registration of transfers of Old MXC Shares will be 4 February 2015. At 7.30 a.m. on 5 February 2015, Old MXC Shares will be temporarily suspended pending the Effective Date.
Following the Effective Date, share certificates in respect of Old MXC Shares will cease to be valid and entitlements to Old MXC Capital Shares held within the CREST system will be cancelled. The admission to trading on AIM of Old MXC Shares is expected to be cancelled with effect from 8.00 a.m. on 6 February 2015.
The New MXC Shares to which Scheme Shareholders will become entitled under the Scheme are, in the case of New MXC Shares to be held in uncertificated form, expected to be credited to CREST accounts on 6 February 2015. Share certificates in respect of New MXC Shares to be held in certificated form are expected to be despatched by 20 February 2015.
Application has been made to the London Stock Exchange for the New MXC Shares to be admitted to trading on AIM with effect from 8.00 a.m. on 6 February 2015.
AIM seems to suit BROCA. Nice rises since. Onwards and upwards all being well.
If the business better placed to make a better of 2Ergo IPR, as seems to be the case, then we could see this being a multi bagger.
Well i read every word of the circular and to be fair this sale is probably the best future for us little shareholdrs. Eagleeye have some good clients already and if their IPO and AIM listing goes to plan then the new company formed from RGO's carcas will earn 6% of Eagleeyes profits. Plus the carcas will invest the remaining dosh in 1 or more other companies which may in turn result in capital growth and the BOD say they are looking to sell any investments at a profit to benefit existing shareholders. So all is not yet lost. We just have to hope that Eagleeyes float goes well and their sp and income/profits increase and our BOD investments go well.
If any RGO BOD are reading this I would suggest piling into TMZ with the remaining millions, there is a multi-bagging opportunity if ever i saw one
Admin costs appear to have beleaguered this Co. and what little capital is going to remain after the Disposal will likely be eaten-up quite quickly in the same, along with redundancy payments et al. If, on the other hand, you're sold on the technology, follow Eagle Eye - their website suggests some impressive progress in recent times but with gross revenues of only £700K, it's difficult to see how it could be worth £6m even factoring-in the acquisition of this Co's technology. GFD
Salford University trial should be showing some results. Here's hoping for good ones and doubling of sp on them. Tried to top up in ISA and got message "not tradable in ISA". Error or what as bought in my ISA.
Worth watching student tweets on this rather than waiting for RNS.
If positive it bodes well for 2Ergo expansion into other campuses
nationwide and even internationally. Needs just one student promo
to catch on and prove itself for sp to rocket imho. But dyor as risky.
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