Milestone Group PLC (AIM: MSG), the AIM quoted provider of digital media and technology solutions, announces that it has issued the second tranche of 3,353,324 new ordinary shares at a price of 0.75 pence per share in the Company as part of the acquisition of Oil Productions.
As announced on 15 August 2011, Milestone acquired the entire issue share capital of Oil Productions Limited ("Oil) for a consideration of up to £600,000 to be satisfied in three tranches. The first tranche was satisfied by the issue of shares in August 2011.
The new ordinary shares will rank pari passu with the existing ordinary shares of Milestone.
Application has been made for the 3,353,324 ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 26 February 2013.
Following the issue, Milestone will have in issue 400,328,253 ordinary shares with voting rights.
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 / Deepak Reddy | Tel: 020 7947 4350 |