Milestone Group PLC : Issue of Options and Warr...

24 August 2016
MILESTONE GROUP PLC
("Milestone" or the "Company")

Issue of Options and Warrants

Milestone announces that on 23 August 2016 the directors waived their entitlement to historic contingent liabilities (accrued in the balance sheet) of £704,347 and as a consequence the Company has issued them options over 78,260,782 Ordinary Shares.

The terms of the options

Date of issue	23 August 2016
Exercise price	0.1p
Exercise period	To 23 August 2026

Furthermore, the Company announces that it has awarded an option to Tony Sanders, a director of the Company, over 3,333,334 Ordinary Shares and warrants to other directors, as set out in the table below, to subscribe for 35,797,060 new ordinary shares in the company.

The terms of the options and warrants are set out below

Date of issue	23 August 2016
Exercise price	50% at 1.25p; 50% at 1.75p
Exercise period	To 23 August 2026
Other conditions	options and warrants can only be exercised once the share price of the Company has exceeded 2.5p for 5-day consecutive period.

The Company does not have sufficient shareholder authority to grant all of the options and warrants set out above, consequently of the total 16,000,000 options will be granted immediately, the balance of the options and warrants will be granted subject to shareholder approval that will be sought at a forthcoming General Meeting of the Company that will be convened shortly.

This arrangement significantly improves the balance sheet of the Company allowing it to use its cash resources to finalise existing contracts as well as securing new ones.

The table below sets out the schedule of options and warrants that have been issued to directors and others.

	No. of New Options Issued	No. of Existing Options Held	Total No. of Options Held	New Warrants Issued	Total No. of Warrants Held	No. Ordinary Shares held
Deborah White	49,149,668	46,056,000	95,205,668	24,574,834	24,574,834	35,439,330
Tony Sanders	10,000002	15,352,000	25,352,002	-	-	1,500,000
David Hill	9,333,334	7,676,000	17,009,334	4,666,668	4,666,668	1,000,000
Kevin Everett	7,777,778	3,582,000	11,359,778	3,888,890	3,888,890	-
James Brown	5,333,334	-	5,333,334	2,666,668	2,666,668	-
Others	-	27,252,000	27,252,000	-	75,134,400	720,908,652
Total	81,594,116	99,918,000	181,512,116	35,797,060	110,931,4600	758,847,982

The total number of 181,512,116 options in issue represents circa 23.9 per cent of the Company's issued ordinary share capital.  In addition, the 110,931,460 warrants represent circa 14.6 per cent. of the Company's issued ordinary share capital.

For further information:

Milestone Group PLC Deborah White, Chief Executive	Tel: [phone] 7826
Cairn Financial Advisers LLP, Nominated Adviser Liam Murray	Tel: [phone] 7900
Hybridan LLP, Broker Claire Louise Noyce   Walbrook PR Limited, PR Gary Middleton / Paul Cornelius / Paul Whittington	Tel: [phone] 2341     Tel: [phone] 8780

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

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