Has this company taken lots of shares out the market,i am new and just wandering how %has changed.And how they have gone about it.

new fool,

I will take a look into this as the percentage does seem a little strange

Ian

new fool,

The following story should explain things - I will get the tech boys to sort out the figures at this end:

MG Capital PLC
29 September 2004


MG CAPITAL PLC (the 'Company')

RESULT OF OPEN OFFER AND EGM


On 7 September 2004, the Company announced several proposals, including an open
offer (the 'Open Offer') by Keith, Bayley, Rogers & Co. Limited, on behalf of
the Company, of 380,826 new ordinary shares of 50p each in the capital of the
Company (the 'Offer Shares') at 100p per share to raise up to 380,826 before
expenses.

The Open Offer closed at 3.00 p.m. yesterday, at which time valid applications
had been received for 28,164 Offer Shares, representing approximately 7.4 per
cent. of the shares which could be taken up under the Open Offer. In accordance
with terms of the Open Offer, the balance of 352,662 Offer Shares not taken up
by qualifying shareholders under the Open Offer will not be issued.

All of the resolutions put to shareholders at an EGM of the Company held today
were passed and therefore the proposals announced on 7 September 2004 have been
approved by shareholders. Completion of the proposals, including the acquisition
of Hannen & Company Ltd and the placing of up to 2,500,000 New Ordinary Shares
of 50p each at a price of 1 per share, is expected to take place on 4 October
2004 and all the New Ordinary Shares of 50p each are expected to commence
trading on AIM on 5 October 2004.


29 September 2004


Enquiries


MG Capital plc 020 7332 2040
Charles Fowler, Chairman

Thankyou for our time in looking up this info for me money man