MXC Capital Limited announces a share repurchase program. Under the program, the company will repurchase up to 9,757,309 ordinary shares, representing 18.73% of its issued share capital, for total worth of £8 million. The shares will be repurchased at a price of 82 pence per share is equal to the NAV per share as at May 31, 2021. The shares repurchased will be cancelled. The purpose of the share repurchases is to return cash to shareholders. The Tender Offer will be financed solely from the Company’s existing cash resources. The offer is subject to shareholders approval at a General Meeting to be held on July 15, 2021. The company fixed July 13, 2021, as record date for the offer. The offer is valid till July 13, 2021. As of June 21, 2021, the company had 52,104,029 shares in issue.