Milestone Group PLC Milestone Group Plc : Issue Of Equity

 
TIDMMSG 
 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   Issue of Equity 
 
   Milestone (AIM:MSG), the AIM quoted provider of digital media and 
technology solutions, announces that it has agreed to issue 92,333,332 
new ordinary shares of 0.1 pence per share in the Company, subject to 
admission to AIM, raising GBP1.385 million before expenses, at a price 
of 1.5 pence per share (the "Placing"). The proceeds of the Placing will 
be used for marketing of the newly launched Alchemy e-media platform, 
recruiting key staff, and additional development of the Passion Project 
platform. 
 
   The 92,333,332 new ordinary shares will rank pari passu with the 
existing ordinary shares of Milestone. 
 
   Application will be made for the 92,333,332 ordinary shares to be 
admitted to trading on AIM, which is expected to occur on or around 31 
October 2016. 
 
   Following the Placing, Milestone will have in issue 876,331,314 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. 
 
   This announcement contains inside information for the purposes of 
Article 7 of EU Regulation 596/2014. 
 
   For further information: 
 
 
 
 
 
  Milestone Group PLC                                  Tel: [phone] 
  Deborah White, Chief Executive 
 
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

October 20, 2016 02:02 ET (06:02 GMT)

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