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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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MILESTONE GROUP PLC
("Milestone" or the "Company")
Update on October Placing
Milestone (AIM: MSG), the AIM and Social Stock Exchange quoted provider
of digital media, technology and social impact solutions, provides an
update to the announcements made 27 February 2017 and 30 March 2017,
regarding the status of the October Placing (the "Placing").
The Company commenced a legal recovery process against the counterparty
to the placement shortly after the placing failed. This process was put
on hold whilst the Company engaged with the counterparty in order to try
and resolve the situation.
The Company advises that whilst it is pursuing all avenues to provide a
mutually acceptable solution, should such an agreement not be
forthcoming in the near future, the Company intends to recommence legal
proceedings and will issue a statutory demand on the counterparty.
Further updates regarding this matter will follow shortly.
The Company continues to manage its working capital position carefully
and it is expected it will need to raise further capital in the near
future.
This announcement contains inside information for the purposes of
Article 7 of EU Regulation 596/2014.
For further information:
Milestone Group PLC
Deborah White, Chief Executive Tel: 0207 929 7826
Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray/Sandy Jamieson Tel: 0207 213 0880
Hybridan LLP, Broker
Claire Louise Noyce Tel: 0203 764 2341
Walbrook PR Limited, PR
Gary Middleton/Paul Cornelius Tel: 0207 933 8780
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
June 20, 2017 02:00 ET (06:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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