MILESTONE GROUP PLC
("Milestone" or the "Company")
Issue of Equity & Total Voting Rights
AIM quoted Milestone (AIM: MSG), the provider of digital media solutions and
technology, announces that further to a subscription for 363,636 ordinary shares
of 0.1 pence in the capital of the Company (the "Ordinary Shares") yesterday at
a price of 2.75 pence per Ordinary Share, raising £10,000, Martin King is now
interested in 6,848,867 Ordinary Shares, representing approximately 6.58 per
cent. of the Company's enlarged issued share capital.
Milestone also announces that it agreed yesterday to issue 364,170 Ordinary
Shares at a price of 1.8 pence per Ordinary Share to certain creditors in lieu
of £6,555.05 payable in respect of services provided to the Company.
Application will be made for the, in aggregate, 727,806 new Ordinary Shares to
be admitted to trading on AIM, which is expected to occur at 8.00am on 16 April
2010. The new Ordinary Shares, when fully paid and issued, will rank pari passu
in all respects with the existing Ordinary Shares.
Following the issue of these new Ordinary Shares the Company's issued share
capital will consist of 104,093,401 Ordinary Shares with voting rights. The
Company does not hold any shares in treasury. The figure of 104,093,401
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, Milestone under the
Financial Services Authority's Disclosure and Transparency Rules.
FOR FURTHER INFORMATION:
Milestone Group PLC
Deborah White, Chief Executive Tel: 020 7929 7826
Strand Hanson Ltd
Richard Tulloch / David Altberg Tel: 020 7409 3494
Hybridan LLP
Claire Louise Noyce / Stephen Austin Tel: 020 7947 4004
[HUG#1400254]
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