MiLOC Group Limited - CHANGE OF COMPANY AUDITOR AND PLACING
29/06/2022 10:32
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RNS Number : 6251Q MiLOC Group Limited 29 June 2022
29 June 2022
MiLOC GROUP LIMITED
("MiLOC", the "Group" or the "Company")
CHANGE OF COMPANY AUDITOR AND PLACING
The Company announces that it has appointed Pointon Young as the Company's
auditor for the financial year ended 31 December 2021. The Company's previous
auditor, Crowe U.K. LLP, had served as auditor of the Company for over 10
years, and accordingly the time is right for the appointment of a new auditor.
As required by section 519 of the Companies Act 2006, Crowe U.K. LLP,
confirms that there are no matters in connection with this change that should
be brought to the attention of the Company's shareholders or creditors.
The Company is also pleased to announce that it has raised a total of
HKD540,000 (equivalent to GBP55,147) through the issue of 275,737 new Ordinary
Shares of US$0.001 each in the Company ("Ordinary Shares") at a price of 20p
per share to three individual shareholders. Application will be made for
the Ordinary Shares to be admitted to trading on the AQSE Growth Market and
it is expected that admission will occur on or before 4 July 2022.
The Ordinary Shares, when issued, will be credited as fully paid and rank
pari passu in all respects with the existing Ordinary Shares of the Company.
The placing proceeds will be used for general working capital purposes.
The Company announces that, following the issue 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 will be 85,865,924 with each share carrying the
right to one vote.
MiLOC does not hold any shares in Treasury.
The above figure of 85,865,924 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
Lilian Lo - Acting Chief Financial Officer Tel: +852 2110 4221
AQSE Growth Market Corporate Adviser Tel: +44 (0) 20 7469 0930
PETERHOUSE CAPITAL LIMITED
Guy Miller
Mark Anwyl
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