Milestone Group PLC : Issue of Equity and Warrants
Post# of 301275
MILESTONE GROUP PLC
("Milestone" or the "Company")
Issue of Equity and Warrants
Milestone (AIM: MSG), the AIM and Social Stock Exchange quoted provider of digital media, technology and social impact solution, announces that it has agreed to issue 117,500,000 new ordinary shares of 0.1p per share in the Company, subject to Admission to AIM, raising £235,000.
The Company also announces that it has issued 117,500,000 warrants to certain individuals in the placing entitling the holders to subscribe for new ordinary shares - with an exercise price of 0.05p which may be exercised up until 27th April 2019.
The 117,500,000 new ordinary shares will rank pari passu with the existing ordinary shares of Milestone.
Application will be made for the 117,500,000 ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 5 May 2017.
Following the issue, Milestone will have in issue 1,229,641,411 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 | |
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/Paul Whittington | Tel: 0207 933 8780 |