The Board of MXC Capital Limited (AIM:MXCP) proposed to spin off 75% stake in MXC Capital (UK) Limited on September 9, 2019. The Board proposed to demerge the business into a new company and list the company on The International Stock Exchange in Guernsey. Should the proposed demerger be approved by shareholders, all existing shareholders in MXC Capital Limited will receive pro-rata allocation of shares in the new company and its shares will be able to be traded on TISE. Nick Cowles, Dan Bate of Zeus Capital Limited acted as financial advisors for MXC Capital Limited.