MiLOC Group Limited - Issue of Shares and Substantial Shareholder
05/03/2018 11:44
RNS Number : 7010G
MiLOC Group Limited
05 March 2018
5 March 2018
MiLOC GROUP LIMITED
Issue of Shares and Substantial Shareholder
MiLOC Group Limited ("MiLOC" or the "Company") is pleased to announce that it has raised a total of HKD1,000,000 (approximately GBP89,318) through the issue of 313,396 new Ordinary Shares of US$ 0.001 each in the Company ("Ordinary Shares"), at a price of 28.5p per share to Mr. Liu Wei Hung ("Mr. Liu"). After the issue of shares, Mr. Liu will own 2,465,350 Ordinary Shares, representing 3.21% of the issued share capital of the Company.
The Company has issued a further 14,887 Ordinary Shares at a deemed subscription price of 30p per share to a consultant as commission in respect of the fundraising.
The Ordinary Shares have been 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 issues 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 76,869,020 with each share carrying the right to one vote.
MiLOC does not hold any shares in Treasury.
The above figure of 76,869,020 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 CORPORATE FINANCE LIMITED Guy Miller Mark Anwyl | Tel: +44 (0) 20 7469 0930 |