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MDNX plans August float
Tue, 07 Feb, 2012
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MDNX plans August float
Fri, 16 Jul 2010, 17:12:00
Data networks and data centre services provider MDNX plans to raise £33m as part of a flotation on AIM. Reading-based MDNX is on course to join AIM on 4 August. The expected market capitalisation is £51m. MDNX (www.mdnx.com) is independent of telecoms carriers and vendors. This enables it to choose the best technology and services for individual clients. MDNX's main shareholder is private equity firm Kelso Place through its special situations funds. Following admission these funds will own just under 30% of the company. Chief executive Mark Thompson will own 3.4% of the diluted share capital.
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