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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Milestone Grp | LSE:MSG | London | Ordinary Share | GB0033127910 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.145 | 0.13 | 0.16 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMMSG
MILESTONE GROUP PLC
("Milestone" or the "Company")
Joint Venture Signed
Milestone (AIM:MSG), the AIM quoted provider of digital media and
technology, announces that, further to the announcement made on 12
February 2018, the Company has entered into a Joint Venture Agreement
with Martin Heath.
The Joint Venture (the "JV") will trade under the name Trust in Media
Ltd.
The purpose of the JV is to produce payment processing, copyright and
intellectual property solutions, initially within the Media industry,
utilising a combination of private and public blockchain technologies.
The backbone of the solution will be based upon proven Mutual
Distributed Ledger technology platforms provided by Z/Yen Group Limited
and will utilise the expertise of Global Currency Exchange Network Ltd
with regards to currency transactions.
The JV will also license marketing and analytical technologies from Seed
Media Ltd.
Milestone Group will own 50.5% of the Joint Venture, with the remainder
owned by Martin Heath. Milestone Group will receive 50.0% of the net
profits created by the JV.
Tony Sanders CEO Milestone commented: "Milestone Group welcomes this
latest revenue enhancing JV, as well as the implied expectation of a
material uplift in shareholder value in due course."
For further information:
Milestone Group PLC Tel: 020 7929 7826
Tony Sanders
Cairn Financial Advisers LLP, Nominated Adviser Tel: 020 7213 0880
Liam Murray / Jo Turner
Hybridan LLP, Broker Tel: 020 3764 2341
Claire Louise Noyce
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
March 26, 2018 08:59 ET (12:59 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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