MiLOC Group Limited - PLACING AND TOTAL VOTING RIGHTS
RNS Number : 3052A
MiLOC Group Limited
28 May 2019
 

28 May 2019

 

MiLOC GROUP LIMITED

("MiLOC" or "the Company")

 

PLACING AND TOTAL VOTING RIGHTS

 

The Company is pleased to announce that it has raised a total of HKD3,452,100 (approximately GBP333,600) through the issue of 1,170,528 new Ordinary Shares of US$0.001 each in the Company ("Ordinary Shares"), at a price of 28.5p per share to two individual shareholders. The Company has also agreed to issue a further 55,600 Ordinary Shares at a deemed subscription price of 30p per share to a consultant as commission in respect of this fundraising. Application will be made for the Ordinary Shares to be admitted to trading on the NEX Exchange, expected on or about 31 May 2019.

 

The Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares. The placing proceeds will be used for general working capital purposes.

 

The Company announces that, following the issues of Ordinary Shares referred to above, in accordance with the Financial Conduct Authority's Disclosure and Transparency Rules (the "Disclosure and Transparency Rules"), the total number of Ordinary Shares in issue as at the date of this notice is 78,095,148 with each share carrying the right to one vote.

 

MiLOC does not hold any shares in Treasury.

 

The above figure of 78,095,148 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.

 

The directors of the Company accept responsibility for the contents of this announcement.

 

For further information, please contact:-

 

MiLOC

ONG Ban Poh Michael - Chief Executive Officer

  Ronnie CHOI - Chief Financial Officer

 

 

 

 

Tel: +852 2110 4221

 

NEX Exchange Corporate Adviser

PETERHOUSE CAPITAL LIMITED

Guy Miller

Mark Anwyl

 

Tel: +44 (0) 20 7469 0930

 


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