Milestone Group PLC Milestone Group Plc : Issue Of Equity And Warrants

 
TIDMMSG 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   Issue of Equity & Warrants 
 
   Milestone, the AIM quoted (AIM: MSG) provider of digital media and 
technology solutions, announces that it has agreed to issue 54,855,000 
new ordinary shares of 0.1p per share in the Company, subject to 
Admission to AIM, raising GBP506,000 in cash and settling GBP42,550 
worth of creditors at a price of 1 pence per share, a large premium to 
the current share price. The proceeds will be used to highlight to our 
target audience the suite of innovative technology solutions we have. 
 
   The Company also announces that it has issued 53,415,000 warrants to 
certain individuals in the placing entitling the holders to subscribe 
for new ordinary shares - 50% with an exercise price of 1.25p and the 
remainder at 1.75p - which may be exercised up until 02 August 2021. The 
warrants can only be exercised once the share price of the Company has 
exceeded 2.5p for 5-day consecutive period. 
 
   The 54,855,000 new ordinary shares will rank pari passu with the 
existing ordinary shares of Milestone. 
 
   Application has been made for the 54,855,000 ordinary shares to be 
admitted to trading on AIM, which is expected to occur on or around 9 
August 2016. 
 
   Following the issue, Milestone will have in issue 734,968,582 ordinary 
shares with voting rights. 
 
   The above figure may be used by shareholders as the denominator for the 
calculations by which they will determine if they are required to notify 
their interest in, or a change to their interest in, the Company under 
the Disclosure and Transparency Rules. 
 
   Deborah White, CEO said: "Our business model and the exciting period we 
are in for the Company have continued to attract investment at a premium, 
which I am very proud of, especially in these difficult capital markets. 
I look forward to rewarding out shareholders with progress as the year 
goes on." 
 
   For further information: 
 
 
 
 
 
  Milestone Group PLC                                  Tel: 020 7929 7826 
  Deborah White, Chief Executive 
 
Cairn Financial Advisers LLP, Nominated Adviser 
 Liam Murray                                           Tel: 020 7148 7900 
 
Hybridan LLP, Broker 
 Claire Louise Noyce                                   Tel: 020 3764 2341 
 Walbrook PR Limited, PR                               Tel: 020 7933 8780 
 Gary Middleton / Paul Cornelius / Paul Whittington 
 
 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Milestone Group PLC via Globenewswire 
 
   HUG#2032694 
 
 
  http://www.milestonegroup.co.uk/

(END) Dow Jones Newswires

August 03, 2016 02:00 ET (06:00 GMT)

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