Milestone Group PLC Milestone Group Plc : Directorate Changes

 
TIDMMSG 
 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   Directorate Changes 
 
   Milestone (AIM:MSG), the AIM and Social Stock Exchange quoted provider 
of digital media and technology, announces the resignation of Deborah 
White, Chief Executive Officer, and the appointment of Mr Edward Guy 
Meyer to the Board as Business Development Director with immediate 
effect. 
 
   Resignation of Deborah White 
 
   Deborah White, who joined the Board as CEO in 2008, has guided the 
Company through extensive changes and developments, overseeing the 
transformation of the Company from analogue broadcasting to being a 
provider of digital and technology solutions. 
 
   With the growing market interest in the Fintech and media publishing 
capabilities offered by the Company's subsidiary Nexstar, Deborah 
believes that this is a good time for her to step aside to allow a new 
Board to take the Company forward. Tony Sanders, Milestone's Technical 
and Operations Director, will act as Interim CEO until a replacement CEO 
with suitable experience in the new direction has been appointed. 
 
   As part of the refocusing of the business, the Board no longer considers 
the Passion Project to fit within the new Company strategy. It has 
therefore been agreed that Deborah White will purchase the IP and assets 
of the Passion Project for a nominal sum (the "Purchase"). 
 
   The Purchase is deemed to be a related party transaction pursuant to AIM 
Rule 13, the directors independent of the Purchase, having consulted 
with the Company's nominated adviser believe the terms of the Purchase 
are fair and reasonable insofar as shareholders are concerned. 
 
   The Board would like to thank Deborah for all her efforts over the last 
9 years and wish her every success in the future. 
 
   Appointment of Edward Guy Meyer 
 
   The Board announces that Mr Edward Guy Meyer has been appointed as 
Business Development Director with immediate effect. 
 
   Mr Meyer previously operated "Firebelly" his own cross-platform 
marketing agency.  He has led numerous teams across traditional and 
digital media and is experienced in all aspects of business from 
strategy formulation, sales and marketing through to operations, finance 
and talent. 
 
   Mr Meyer has worked in Australasia, Europe & the US and has experience 
in diagnosing systemic issues and delivering change programmes across a 
wide range of businesses, working at board and middle-management levels 
to ensure significant return on investment for clients. 
 
   The following information is disclosed pursuant to Schedule 2(g) of the 
AIM Rules for Companies: 
 
   Edward Guy Meyer, aged 58, has held the following directorships or 
partnerships in the past 5 years: 
 
 
 
 
Current Directorships                       Past Directorships 
 
Blockchain Content Distribution Ltd         351 Richmond Road Ltd 
Momentum Media Consultancy Ltd              Firebelly Creative Ltd 
Okullo Employee Benefit Company Scheme Ltd  Firebelly Digital Ltd 
Okullo plc                                  More To Life Foundation CIC 
 The Firebelly Consultancy Ltd 
 
 
   Mr Meyer was appointed a director of Okullo plc on 6 February 2015.  On 
6 July 2016 Okullo completed a company voluntary arrangement. 
 
   Mr Meyer holds 5,458,291 ordinary shares, representing 0.3% of the 
Company's issued ordinary share capital and 2,500,000 warrants in the 
Company. 
 
   There is no further information to be disclosed pursuant to Schedule Two, 
paragraph (g) of the AIM Rules for Companies. 
 
   For further information: 
 
 
 
 
 
  Milestone Group PLC                                   Tel: [phone] 
  Tony Sanders 
 
Cairn Financial Advisers LLP, Nominated Adviser       Tel: [phone] 
 Liam Murray / Sandy Jamieson 
 
 
  Hybridan LLP, Broker                                  Tel: [phone] 
  Claire Louise Noyce                                   Tel: [phone] 
  Walbrook PR Limited, PR 
  Gary Middleton / Paul Cornelius / Paul Whittington 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Milestone Group PLC via Globenewswire 
 
 
  http://www.milestonegroup.co.uk/ 
 

(END) Dow Jones Newswires

September 20, 2017 02:00 ET (06:00 GMT)

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