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. 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 of equity, Milestone will have in issue 239,562,225 Ordinary
Shares with voting rights. Â The Company does not hold any Ordinary Shares in
treasury. Â 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:
+-------------------------+-----------------------+-----------------------+
| Â | Current holding | Resultant holding |
+-------------------------+-----------------------+-----------------------+
| Deborah Jane White | 34,883,774 (14.63%) Â | 34,883,774 (14.56%) Â |
+-------------------------+-----------------------+-----------------------+
| HBS 049 Limited | 30,000,000 (12.58%) | 30,000,000 (12.52%) |
+-------------------------+-----------------------+-----------------------+
| Cormac Crawford | 18,954,772 Â (7.95%) | 18,954,772 Â Â (7.91%) |
+-------------------------+-----------------------+-----------------------+
| Martin King | 13,667,049 Â (5.73%) | 13,667,049 Â Â (5.71%) |
+-------------------------+-----------------------+-----------------------+
| BGP Global Services Ltd | 9,090,909 Â (3.81%) | 9,090,909 Â Â (3.79%) |
+-------------------------+-----------------------+-----------------------+
| Lynchwood Nominees Ltd | 9,083,489 Â (3.81%) | 9,083,489 Â Â (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
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Source: Milestone Group PLC via Thomson Reuters ONE
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