MILESTONE GROUP PLC
"Milestone" or the "Company"
Issue of Equity
Milestone, the AIM quoted (AIM: MSG) provider of digital media and technology solutions, announces that it has agreed to issue 21,950,000 new ordinary shares in the Company, raising £217,000 in cash and settling £2,500 worth of creditors at a price of 1 penny per share.
The new ordinary shares will rank pari passu with the existing ordinary shares of Milestone.
Application has been made for the 21,950,000 ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 19 June 2015.
Following the issue, Milestone will have in issue 592,086,032 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.
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 3713 4581 |