Share Name Share Symbol Market Type Share ISIN Share Description
MiLOC Group Ltd NEX:ML.P NEX Ordinary Share KYG613521031
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 30.00p 20.00p 40.00p 30.00p 30.00p 30.00p 0 07:59:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

MiLOC Group Limited PLACING AND TOTAL VOTING RIGHTS

28/05/2019 9:06am

UK Regulatory (RNS & others)


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RNS Number : 3052A

MiLOC Group Limited

28 May 2019

28 May 2019

MiLOC GROUP LIMITED

("MiLOC" or "the Company")

PLACING AND TOTAL VOTING RIGHTS

The Company is pleased to announce that it has raised a total of HKD3,452,100 (approximately GBP333,600) through the issue of 1,170,528 new Ordinary Shares of US$0.001 each in the Company ("Ordinary Shares"), at a price of 28.5p per share to two individual shareholders. The Company has also agreed to issue a further 55,600 Ordinary Shares at a deemed subscription price of 30p per share to a consultant as commission in respect of this fundraising. Application will be made for the Ordinary Shares to be admitted to trading on the NEX Exchange, expected on or about 31 May 2019.

The Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares. The placing proceeds will be used for general working capital purposes.

The Company announces that, following the issues of Ordinary Shares referred to above, in accordance with the Financial Conduct Authority's Disclosure and Transparency Rules (the "Disclosure and Transparency Rules"), the total number of Ordinary Shares in issue as at the date of this notice is 78,095,148 with each share carrying the right to one vote.

MiLOC does not hold any shares in Treasury.

The above figure of 78,095,148 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.

The directors of the Company accept responsibility for the contents of this announcement.

For further information, please contact:-

 
  MiLOC 
   ONG Ban Poh Michael - Chief Executive 
   Officer                                    Tel: +852 2110 4221 
   Ronnie CHOI - Chief Financial Officer 
  NEX Exchange Corporate Adviser            Tel: +44 (0) 20 7469 
   PETERHOUSE CAPITAL LIMITED                0930 
   Guy Miller 
   Mark Anwyl 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 28, 2019 04:06 ET (08:06 GMT)

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