Issue of Equity & Total Voting Rights

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 provider, announces that it has agreed to issue 8,802,944 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares"), at a price of 1 pence per Ordinary Share to certain creditors in lieu of £88,029.44 payable in respect of services performed to the Company. Despite the Company's current liability position being reduced as a result of the issue of the Ordinary Shares, as previously announced, the Company continues to be reliant on its ability to manage the timing of settlement of its liabilities and further fundraisings will be required in the immediate to short term. Application will be made for, in aggregate, 8,802,944 new Ordinary Shares to be admitted to trading on AIM, which is expected to occur no later than 1 April 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 229,354,066 Ordinary Shares with voting rights.  The Company does not hold any Ordinary Shares in treasury.  The figure of 229,354,066 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 (15.82%) | 34,883,774 (15.21%) | +-----------------------+--------------------------+---------------------------+ |HBS 049 Limited | 30,000,000 (13.60%)| 30,000,000 (13.08%)| +-----------------------+--------------------------+---------------------------+ |Cormac Crawford | 18,954,772    (8.59%)| 18,954,772    (8.26%)| +-----------------------+--------------------------+---------------------------+ |Brett J. Desmond (all | 15,929,204    (7.22%)| 15,929,204    (6.95%)| |held by Aurum Nominees | | | |Ltd) | | | +-----------------------+--------------------------+---------------------------+ |Lynchwood Nominees Ltd | 9,083,489   (4.12%)| 9,083,489   (3.96%)| +-----------------------+--------------------------+---------------------------+ +-----------------------+--------------------------+---------------------------+ FOR FURTHER INFORMATION: Milestone Group PLC Deborah White, Chief Tel: 020 7929 7826 Executive Strand Hanson Ltd, NOMAD Richard Tulloch / David Tel: 020 7409 3494 Altberg Hybridan LLP, Broker Claire Louise Noyce Tel: 020 7947 4350 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 [HUG#1500165]
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