Milestone Group PLC Milestone Group Plc : Issue Of Equity

 
TIDMMSG 
 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   Issue of Equity 
 
 
 
   Milestone (AIM:MSG), the AIM quoted provider of digital media and 
technology solutions, announces that it has agreed to issue 4,833,334 
new ordinary shares of 0.1 pence per share in the Company, subject to 
admission to AIM, raising GBP72,500 at a price of 1.5 pence per share. 
 
   Furthermore, the Company announces that it has agreed to issue 4,570,093 
new ordinary shares of 0.1 pence per share in the Company, subject to 
admission to AIM, at a previously agreed price of 1 penny per share in 
lieu of a creditor balance of GBP45,700.93. This was agreed with the 
creditor when the share price was less than 1 penny per share and the 
board is keen to honour its commitment on price to these creditors. 
 
   The total of 9,403,427 new ordinary shares will rank pari passu with the 
existing ordinary shares of Milestone. 
 
   Application will be made for the 9,403,427 ordinary shares to be 
admitted to trading on AIM, which is expected to occur on or around 04 
November 2016. 
 
   Following the Issue of Equity, Milestone will have in issue 885,734,741 
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. 
 
   This announcement contains inside information for the purposes of 
Article 7 of EU Regulation 596/2014. 
 
 
 
   For further information: 
 
 
 
 
 
  Milestone Group PLC                                   Tel: 020 7929 7826 
  Deborah White, Chief Executive 
 
Cairn Financial Advisers LLP, Nominated Adviser       Tel: 020 7213 0880 
 Liam Murray / Sandy Jamieson 
 
 Hybridan LLP, Broker                                  Tel: 020 3764 2341 
  Claire Louise Noyce                                   Tel: 020 7933 8780 
  Walbrook PR Limited, PR 
  Gary Middleton / Paul Cornelius / Paul Whittington 
 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq 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 
 
 
  http://www.milestonegroup.co.uk/

(END) Dow Jones Newswires

October 31, 2016 03:02 ET (07:02 GMT)

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