30 May 2013
MILESTONE GROUP PLC
"Milestone" or the "Company"
Issue of Equity
Milestone, the AIM quoted (AIM: MSG) provider of digital media and technology solutions, announces that it has agreed to issue 6,600,000 new ordinary shares in the Company at a price of 1 penny per share, conditional on admission to AIM, raising £50,000 in cash and settling £16,000 worth of loans.
The new ordinary shares will rank pari passu with the existing ordinary shares of Milestone.
Application has been made for the 6,600,000 new ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 5 June 2013.
Following the issue, Milestone will have in issue 417,178,253 ordinary shares with voting rights.
For further information:
Milestone Group PLC Deborah White, Chief Executive | Tel: 020 7929 7826 |
Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Avi Robinson | Tel: 020 7148 7900 |
Hybridan LLP, Broker Claire Louise Noyce / Deepak Reddy | Tel: 020 7947 4350 |