Issue of Equity and Total Voting RIghts

MILESTONE GROUP PLC "Milestone" or the "Company" Issue of Equity and Total Voting Rights Issue of Equity Milestone (AIM:MSG), the digital solutions provider, announces that it has agreed to issue 500,000 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at a price of 1 penny per Ordinary Share, raising £5,000. The Company has also agreed to issue 617,250 Ordinary Shares at a price of 1 penny per Ordinary Share to certain creditors in lieu of £6,172.50 payable in respect of services provided for the Company. Despite the Company's current liability position being reduced as a result of the issue of equity, 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 short term. Application will be made for, in aggregate, 1,117,250 Ordinary Shares to be admitted to trading on AIM, which is expected to occur on or around 20 May 2011.  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 of equity, Milestone will have in issue 239,562,225 Ordinary Shares with voting rights.  The Company does not hold any Ordinary Shares in treasury.  The figure of 239,562,225 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: +-------------------------+-----------------------+-----------------------+ |   | Current holding | Resultant holding | +-------------------------+-----------------------+-----------------------+ | Deborah Jane White | 34,883,774 (14.63%)   | 34,883,774 (14.56%)   | +-------------------------+-----------------------+-----------------------+ | HBS 049 Limited | 30,000,000 (12.58%) | 30,000,000 (12.52%) | +-------------------------+-----------------------+-----------------------+ | Cormac Crawford | 18,954,772   (7.95%) | 18,954,772    (7.91%) | +-------------------------+-----------------------+-----------------------+ | Martin King | 13,667,049   (5.73%) | 13,667,049    (5.71%) | +-------------------------+-----------------------+-----------------------+ | BGP Global Services Ltd | 9,090,909   (3.81%) | 9,090,909    (3.79%) | +-------------------------+-----------------------+-----------------------+ | Lynchwood Nominees Ltd | 9,083,489   (3.81%) | 9,083,489    (3.79%) | +-------------------------+-----------------------+-----------------------+ FOR FURTHER INFORMATION: Milestone Group PLC Deborah White, Chief Executive Tel: 020 7929 7826 Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Avi Robinson Tel: 020 7148 7900 Hybridan LLP, Broker Claire Louise Noyce Tel: 020 7947 4350 College Hill, PR Jamie Ramsay / Matthew Smallwood Tel: 020 7457 2020 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#1514801]
UK 100

Latest directors dealings