MiLOC Group Limited - PLACING AND TOTAL VOTING RIGHTS

CRUSHMETRIC

25/02/2020 10:32

RNS Number : 0543E

MiLOC Group Limited

25 February 2020

 

25 February 2020

 

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 HKD919,668 (approximately GBP89,609) through the issue of 314,416 new Ordinary Shares of US$0.001 each in the Company ("Ordinary Shares") at a price of 28.5p per share to five individual shareholders.

 

Application will be made for the 314,416 new Ordinary Shares to be admitted to trading on the NEX Exchange Growth Market and it is expected that admission will occur on or before 2 March 2020.

 

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 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 84,183,652 with each share carrying the right to one vote.

 

MiLOC does not hold any shares in Treasury.

 

The above figure of 84,183,652 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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