MILESTONE GROUP PLC
("Milestone" or the "Company")
New Contract, Issue of Equity and Total Voting Rights
AIM quoted Milestone, the provider of digital media solutions and technology, is
pleased to announce today that it has been engaged by 4 Club and Country Ltd
("4C&C") to redesign their current website and develop a bespoke e-commerce
solution for their football shirt retail business.
The 4C&C site allows football fans the unique opportunity to pledge their
support to both their favourite club and country on the same shirt via a
customized trademarked design service.
To celebrate the upcoming World Cup, 4C&C have produced a limited edition shirt
featuring half an England shirt and half a South Africa shirt which is currently
being featured by News of the World as a part of the product launch promotion.
4C&C were recently involved in the sponsorship of Rio Ferdinand's on-line
magazine 5.
In addition Milestone also announces today a subscription to raise £30,000
through the issue of 1,090,908 ordinary shares of 0.1 pence in the capital of
the Company at a price of 2.75p per share.
Application will be made for the shares to be admitted to trading on AIM which
is expected to occur on or around 2 March 2010. The shares, when fully paid and
issued, will rank pari passu in all respects with the existing ordinary shares
of Milestone.
Following this subscription, Milestone will have in issue 103,365,595 ordinary
shares with voting rights. The Company does not hold any shares in treasury.
The figure of 103,365,595 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.
Mark Faulconbridge, joint owner of 4 Club and Country, commented:
"It is Milestone's holistic approach to the digital marketplace combined with
the strength of their e-commerce solution that made them our preferred partner
for this project, which we hope will be the beginning of a series of sport
related ventures that we intend to embark on throughout the year."
Deborah White, Chief Executive, Milestone Group PLC, commented:
"We are delighted to be chosen for this project as we see it as another
opportunity to demonstrate the combined skills of our ever growing in-house web
development team and the products of our strategic investments last year, which
were made possible by the support of our shareholders.
"We continue to be strongly supported by our shareholders, as the price of our
recent small fund raiser demonstrates.
"We are excited about the future and look forward to building long term
relationships with partners such as 4C&C and we hope its wearers will have
something to celebrate this summer."
For further information:
Milestone Group Tel: 020 7929 7826
Deborah White, Chief Executive
Strand Hanson Limited Tel: 020 7409 3494
Richard Tulloch / David Altberg
Hybridan LLP Tel: 020 7947 4004
Claire Louise Noyce / Stephen Austin
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