MILESTONE GROUP PLC
“Milestone” or the “Company”
Issue of Equity, Director/PDMR Shareholding
& Total Voting Rights
AIM quoted Milestone, the provider of digital media solutions and technology,
announces that it has today issued 2,502,555 ordinary shares of 0.1 pence in the
capital of the Company to creditors in lieu of fees for services performed for
the Company.
Of the shares being issued, 1,111,111 are being issued to Guy van Zwanenberg,
the Company’s FD in lieu of fees at a price of 1.8p per share. Following the
issue, Guy van Zwanenberg will be interested in 1,111,111 shares, representing
approximately 1.11% of the enlarged issued share capital of the Company.
Application will be made for the shares to be admitted to AIM which is expected
to occur on or around 6 January 2010. The shares, when fully paid and issued,
will rank pari passu in all respects with the existing ordinary shares of
Milestone.
Following the issue, Milestone will have in issue 100,547,416 ordinary shares
with voting rights. The Company does not hold any shares in treasury. The
figure of 100,547,416 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.
FOR FURTHER INFORMATION:
Milestone Group PLC
Deborah White, Executive Director Tel: 020 7929 7826
Strand Hanson Ltd
Richard Tulloch / David Altberg Tel: 020 7409 3494
Hybridan LLP
Claire Louise Noyce / Stephen Austin Tel: 020 7947 4004
[HUG#1367677]