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

 
TIDMMSG 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   Correcting Announcement 
 
   The announcement released earlier this morning at 9:31am contained an 
error. The exercise price of the warrants granted is 0.5p per share, not 
0.05p per share as previously stated. 
 
   Additionally, for clarification purposes, the price of the new ordinary 
shares to be issued in the subscription is 0.2p per share, and the 
warrants will be issued to the subscribers conditional on admission to 
AIM. 
 
   The text of the corrected announcement is set out below. 
 
   Issue of Equity and Warrants 
 
   Milestone (AIM: MSG), the AIM and Social Stock Exchange quoted provider 
of digital media, technology and social impact solution, announces that 
it has agreed to issue 117,500,000 new ordinary shares of 0.1p per share 
in the Company, subject to Admission to AIM, raising GBP235,000 at a 
price of 0.2p per share. 
 
   The Company also announces that it will issue 117,500,000 warrants to 
certain individuals entitling the holders to subscribe for new ordinary 
shares - with an exercise price of 0.5p which may be exercised up until 
27(th) April 2019. 
 
   The 117,500,000 new ordinary shares will rank pari passu with the 
existing ordinary shares of Milestone. 
 
   Application will be made for the 117,500,000 ordinary shares to be 
admitted to trading on AIM, which is expected to occur on or around 5 
May 2017. 
 
   Following the issue, Milestone will have in issue 1,229,641,411 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 
Deborah White, Chief Executive                   Tel: 0207 929 7826 
 
Cairn Financial Advisers LLP, Nominated Adviser 
Liam Murray/Sandy Jamieson                       Tel: 0207 213 0880 
 
Hybridan LLP, Broker 
Claire Louise Noyce                              Tel: 0203 764 2341 
 
Walbrook PR Limited, PR 
Gary Middleton/Paul Cornelius/Paul Whittington   Tel: 0207 933 8780 
 
 
 
   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

April 28, 2017 07:03 ET (11:03 GMT)

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