Milestone Group PLC : Issue of Equity

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 54,950,000 new ordinary shares of 0.1p per share in the Company, subject to Admission to AIM, raising £540,500 in cash and settling £9,000 worth of creditors at a price of 1 pence per share. The proceeds will be used for general working capital purposes.

The 54,950,000 new ordinary shares will rank pari passu with the existing ordinary shares of Milestone.

Application has been made for the 54,950,000 ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 4 April 2016.

Following the issue, Milestone will have in issue 680,113,582 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.

Deborah White, CEO of Milestone commented:

"As I mentioned earlier this year, our research and development phase has been completed and the raising of these funds from existing shareholders and at a premium to the existing share price, shows confidence in our business model. We are working very hard on securing some transformational deals and the funds raised today will help us bring those deals closer to a close. I look forward to updating shareholders as and when I have further news on developments."

For further information: Milestone Group PLC

Deborah White, Chief Executive                         Tel: [phone]

Cairn Financial Advisers LLP, Nominated Adviser

Liam Murray / Avi Robinson                             Tel: [phone]

Hybridan LLP, Broker

Claire Louise Noyce                                    Tel: [phone]

Walbrook PR Limited, PR

Gary Middleton / Paul Cornelius / Paul Whittington     Tel: [phone] 

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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

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