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 25,150,000 new ordinary shares of 0.1p per share in the Company, subject to Admission to AIM, raising £251,500 in cash at a price of 1 penny per share, a large premium to the current share price. £230,000 of this investment was organised by Hybridan LLP.
The 25,150,000 new ordinary shares will rank pari passu with the existing ordinary shares of Milestone.
Application has been made for the 25,150,000 ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 26 September 2016.
Following the issue, Milestone will have in issue 783,997,982 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: 020 7929 7826
|Cairn Financial Advisers LLP, Nominated Adviser|
|Tel: 020 7148 7900|
|Hybridan LLP, Broker|
Claire Louise Noyce
Walbrook PR Limited, PR
Gary Middleton / Paul Cornelius / Paul Whittington
| Tel: 020 3764 2341|
Tel: 020 7933 8780
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