Issue of Equity & Total Voting Rights
MILESTONE GROUP PLC
"Milestone" or the "Company"
Issue of Equity and Total Voting Rights
Issue of Equity
AIM quoted Milestone Group PLC (AIM:MSG), the digital solutions provider,
announces that it has agreed to issue 8,802,944 ordinary shares of 0.1 pence
each in the capital of the Company ("Ordinary Shares"), at a price of 1 pence
per Ordinary Share to certain creditors in lieu of £88,029.44 payable in respect
of services performed to the Company.
Despite the Company's current liability position being reduced as a result of
the issue of the Ordinary Shares, as previously announced, the Company continues
to be reliant on its ability to manage the timing of settlement of its
liabilities and further fundraisings will be required in the immediate to short
term.
Application will be made for, in aggregate, 8,802,944 new Ordinary Shares to be
admitted to trading on AIM, which is expected to occur no later than 1 April
2010. Â The new Ordinary Shares, when fully paid and issued, will rank pari passu
in all respects with the existing Ordinary Shares of Milestone.
Total Voting Rights
Following the issue, Milestone will have in issue 229,354,066 Ordinary Shares
with voting rights. Â The Company does not hold any Ordinary Shares in treasury.
 The figure of 229,354,066 Ordinary Shares may be used by shareholders in the
Company as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their interest in,
the share capital of the Company under the FSA's Disclosure and Transparency
Rules.
So far as the Company is aware and subject to any new notifications received,
the following persons will have a notifiable interest in the issued share
capital of Milestone following this issue of Ordinary Shares:
+-----------------------+--------------------------+---------------------------+
|Â |Current percentage holding| Resultant percentage |
| | | holding |
+-----------------------+--------------------------+---------------------------+
|Deborah Jane White | 34,883,774 (15.82%)Â | 34,883,774 (15.21%)Â |
+-----------------------+--------------------------+---------------------------+
|HBS 049 Limited | 30,000,000 (13.60%)| 30,000,000 (13.08%)|
+-----------------------+--------------------------+---------------------------+
|Cormac Crawford | 18,954,772Â Â Â (8.59%)| 18,954,772 Â Â Â (8.26%)|
+-----------------------+--------------------------+---------------------------+
|Brett J. Desmond (all | 15,929,204Â Â Â (7.22%)| 15,929,204Â Â Â (6.95%)|
|held by Aurum Nominees | | |
|Ltd) | | |
+-----------------------+--------------------------+---------------------------+
|Lynchwood Nominees Ltd | 9,083,489Â Â (4.12%)| 9,083,489Â Â (3.96%)|
+-----------------------+--------------------------+---------------------------+
+-----------------------+--------------------------+---------------------------+
FOR FURTHER INFORMATION:
Milestone Group PLC
Deborah White, Chief Tel: 020 7929 7826
Executive
Strand Hanson Ltd, NOMAD
Richard Tulloch / David Tel: 020 7409 3494
Altberg
Hybridan LLP, Broker
Claire Louise Noyce Tel: 020 7947 4350
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Milestone Group PLC via Thomson Reuters ONE
[HUG#1500165]