Milestone Group plc: Your Virtual Digital Department
Issue of Equity & Total Voting Rights
Milestone Group Plc
(“Milestone” or the “Company”)
Issue of Equity
AIM quoted Milestone Group PLC (AIM:MSG), the digital solutions and technology agency, announces that it has agreed to issue 5,517,241 ordinary shares of 0.1 pence each in the capital of the Company (“Ordinary Shares”), at a price of 1.45 pence per Ordinary Share, raising £80,000.
The proceeds of the placing will be used to provide working capital and to reduce the Company’s liabilities. As previously announced, the Company continues to actively manage its liabilities and is reliant on its ability to manage the timing of settlement of such liabilities and further fundraisings will be required in the short term.
Application will be made for, in aggregate, 5,517,241 new Ordinary Shares to be admitted to trading on AIM, which is expected to occur no later than 14 January 2010. The new Ordinary Shares, when fully paid and issued, will rank pari passu in all respects with the existing Ordinary Shares of Milestone.
Total Voting Rights
Following the issue, Milestone will have in issue 220,551,122 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. The figure of 220,551,122 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA’s Disclosure and Transparency Rules.
So far as the Company is aware and subject to any new notifications received, the following persons will have a notifiable interest in the issued share capital of Milestone following this issue of Ordinary Shares:
Current percentage holding Resultant percentage holding
Deborah Jane White 34,883,774 (16.22%) 34,883,774 (15.82%)
HBS 049 Limited 30,000,000 (13.95%) 30,000,000 (13.60%)
Cormac Crawford 18,954,772 (8.81%) 18,954,772 (8.59%)
Brett J. Desmond (all held by
IIU Nominees Limited) 15,929,204 (7.41%) 15,929,204 (7.22%)
Lynchwood Nominees Ltd 9,083,489 (4.22%) 9,083,489 (4.12%)
Martin King 6,667,049 (3.10%) 6,667,049 (3.02%)
(“Milestone” or the “Company”)
Issue of Equity
AIM quoted Milestone Group PLC (AIM:MSG), the digital solutions and technology agency, announces that it has agreed to issue 5,517,241 ordinary shares of 0.1 pence each in the capital of the Company (“Ordinary Shares”), at a price of 1.45 pence per Ordinary Share, raising £80,000.
The proceeds of the placing will be used to provide working capital and to reduce the Company’s liabilities. As previously announced, the Company continues to actively manage its liabilities and is reliant on its ability to manage the timing of settlement of such liabilities and further fundraisings will be required in the short term.
Application will be made for, in aggregate, 5,517,241 new Ordinary Shares to be admitted to trading on AIM, which is expected to occur no later than 14 January 2010. The new Ordinary Shares, when fully paid and issued, will rank pari passu in all respects with the existing Ordinary Shares of Milestone.
Total Voting Rights
Following the issue, Milestone will have in issue 220,551,122 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. The figure of 220,551,122 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA’s Disclosure and Transparency Rules.
So far as the Company is aware and subject to any new notifications received, the following persons will have a notifiable interest in the issued share capital of Milestone following this issue of Ordinary Shares:
Current percentage holding Resultant percentage holding
Deborah Jane White 34,883,774 (16.22%) 34,883,774 (15.82%)
HBS 049 Limited 30,000,000 (13.95%) 30,000,000 (13.60%)
Cormac Crawford 18,954,772 (8.81%) 18,954,772 (8.59%)
Brett J. Desmond (all held by
IIU Nominees Limited) 15,929,204 (7.41%) 15,929,204 (7.22%)
Lynchwood Nominees Ltd 9,083,489 (4.22%) 9,083,489 (4.12%)
Martin King 6,667,049 (3.10%) 6,667,049 (3.02%)
For further information, please contact:
Milestone Group Plc
Deborah White, Chief Executive Tel: 020 7929 7826
Strand Hanson Limited, NOMAD
Richard Tulloch / David Altberg Tel: 020 7409 3494
Hybridan LLP, Broker
Claire Louise Noyce Tel: 020 7947 4350
Copyright Milestone Group PLC 2010 | Registered in England & Wales, Company Number 4689130
