MiLOC Group Limited - ISSUE OF SHARES AND TOTAL VOTING RIGHTS
04/01/2018 07:00
RNS Number : 9447A
MiLOC Group Limited
04 January 2018
4 January 2018
MiLOC GROUP LIMITED
ISSUE OF SHARES AND TOTAL VOTING RIGHTS
MiLOC Group Limited ("MiLOC" or the "Company") is pleased to announce that it has raised a total of HKD5,106,010 (approximately GBP480,097) through the issue of 1,684,551 new Ordinary Shares of US$ 0.001 each in the Company ("Ordinary Shares"), at a price of 28.5p per share, of which approximately HKD106,010 (Approximately GBP10,000) was invested by Mr. Ivor Colin Shrago, a non-executive Director of the Company, for the acquisition of 35,088 new ordinary shares. Mr. Shrago is now interested in 410,135 Ordinary Shares, representing 0.54% of the Company's issued share capital.
The Company has issued a further 78,283 Ordinary Shares at a deemed subscription price of 30p per share to a consultant as commission in respect of the fundraising.
The Ordinary Shares rank passu in all respects with the existing Ordinary Shares.
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 76,540,737 with each share carrying the right to one vote.
MiLOC does not hold any shares in Treasury.
The above figure of 76,540,737 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 |