MSG Milestone Grp

 
TIDMMSG 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   Issue of Equity and Loan Conversion 
 
   Milestone (AIM:MSG), the AIM and Social Stock Exchange quoted provider 
of digital media and technology, announces that further to the 
announcement on 10 July 2017, the Company has received the final 
GBP1,100,000 of the agreed GBP1,500,000. It has therefore agreed to 
convert the GBP400,000 loan received to date and issue 522,626,906 new 
ordinary shares of 0.1 pence per share in the Company at a price of 0.29 
pence per share for the GBP1,500,000 cash received, subject to admission 
to AIM. 
 
   Furthermore, the Company announces that it has agreed to issue 6,500,000 
new ordinary shares of 0.1 pence per share in the Company, subject to 
admission to AIM, at a previously agreed price of 0.2 pence per share in 
lieu of a creditor balance of GBP13,000. This was agreed with the 
creditor when the share price was less than 0.2 pence per share and the 
board is keen to honour its commitment on price to this creditor. 
 
   The total of 529,126,906 new ordinary shares will rank pari passu with 
the existing ordinary shares of Milestone. 
 
   Application will be made for the 529,126,906 ordinary shares to be 
admitted to trading on AIM, which is expected to occur on or around 21 
September 2017. 
 
   Following the Issue of Equity, Milestone will have in issue 
1,778,768,317 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 
 
   Tony Sanders                                           Tel: 020 7929 
7826 
 
   Cairn Financial Advisers LLP, Nominated Adviser 
 
   Liam Murray / Sandy Jamieson                           Tel: 020 7213 
0880 
 
   Hybridan LLP, Broker 
 
   Claire Louise Noyce                                    Tel: 020 3764 
2341 
 
   Walbrook PR Limited, PR 
 
   Gary Middleton / Paul Cornelius / Paul Whittington     Tel: 020 7933 
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

September 15, 2017 02:00 ET (06:00 GMT)

Milestone Group (LSE:MSG)
Historical Stock Chart
From Dec 2024 to Jan 2025

Milestone Group (LSE:MSG)
Historical Stock Chart
From Jan 2024 to Jan 2025