Issue of Equity and Total Voting Rights
(Thomson Reuters ONE) -
MILESTONE GROUP PLC
"Milestone" or the "Company"
Issue of Equity and Total Voting Rights
Issue of Equity
AIM quoted Milestone Group PLC (AIM:MSG), the digital solutions and technology
agency, announces that it has agreed to issue 24,408,061 ordinary shares of 0.1
pence each in the capital of the Company ("Ordinary Shares"), at a price of
1.13 pence per Ordinary Share, raising £275,811.07. Of the Ordinary Shares
being issued, 15,929,204 Ordinary Shares are being issued to IIU Nominees
Limited on behalf of Brett J. Desmond, representing 9.41 per cent. of the
enlarged issued share capital and 5,309,735 Ordinary Shares are being issued to
Bryan Lynam, representing 3.14 per cent. of the enlarged issued share capital.
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, 24,408,061 new Ordinary Shares to be
admitted to trading on AIM, which is expected to occur no later than 8 December
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 169,348,960 Ordinary Shares
with voting rights. The Company does not hold any Ordinary Shares in treasury.
The figure of 169,348,960 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| Resulting percentage |
| | | holding |
+------------------------+--------------------------+--------------------------+
|Cormac Crawford | 16,988,435 (11.72%)| 16,988,435 (10.03%)|
+------------------------+--------------------------+--------------------------+
|Brett J. Desmond (all| -| 15,929,204 (9.41%)|
|held by IIU Nominees| | |
|Limited) | | |
+------------------------+--------------------------+--------------------------+
|HBS 049 Limited | 15,000,000 (10.35%)| 15,000,000 (8.86%)|
+------------------------+--------------------------+--------------------------+
|Lynchwood Nominees Ltd | 9,083,489 (6.27%)| 9,083,489 (5.36%)|
+------------------------+--------------------------+--------------------------+
|Deborah Jane White (&| 8,777,579 (6.06%)| 8,777,579 (5.18%)|
|connected parties) | | |
+------------------------+--------------------------+--------------------------+
|Martin King | 6,667,049 (4.60%)| 6,667,049 (3.94%)|
+------------------------+--------------------------+--------------------------+
|Reginald John Brealey| 5,475,000 (3.78%)| 5,475,000 (3.23%)|
|(all held by W B| | |
|Nominees Ltd) | | |
+------------------------+--------------------------+--------------------------+
|Bryan Lynam | -| 5,309,735 (3.14%)|
+------------------------+--------------------------+--------------------------+
|CMH Management Ltd | 4,817,290 (3.32%)| 4,817,290 (2.84%)|
+------------------------+--------------------------+--------------------------+
FOR FURTHER INFORMATION:
Milestone Group PLC
Deborah White, Chief Executive Tel: 020 7929 7826
Strand Hanson Ltd, NOMAD
Richard Tulloch / David Altberg Tel: 020 7409 3494
Hybridan LLP, Broker
Claire Louise Noyce Tel: 020 7947 4350
[HUG#1465436]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Milestone Group PLC via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 25.11.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 49097
Anzahl Zeichen: 5768
contact information:
Town:
London
Kategorie:
Business News
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"Issue of Equity and Total Voting Rights"
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