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RNS Number : 3511Y Milton Capital PLC 27 March 2026
Milton Capital Plc
("Milton" or the "Company")
Subscription to raise £204,000
Milton Capital Plc announces that it has conditionally raised gross proceeds
of £204,000 via binding commitments under a subscription (the
"Subscription"). Under the Subscription, the Company will issue of 81,600,000
new ordinary shares ("Fundraising Shares") to a range of new and
existing investors and the directors of the Company, at an issue price of
0.25 pence. Both directors of the Company have participated in the
Subscription, Richard Mays has subscribed for 2,000,000 Fundraising Shares and
Nicholas Pillar has subscribed for 3,200,000 Fundraising Shares. Following the
issue of the Fundraising Shares, the directors' interests will be:
Richard Mays 8,500,000 4.02%
Nick Pillar 5,700,000 2.70%
AlbR Capital Limited, the Company's Broker, acted as the Company's placing
agent in respect of the Subscription.
Richard Mays, Chairman: "This additional funding places the Company in an
enhanced position to search for and attract a value accretive reverse
take-over ("RTO"). The proceeds of the Subscription will be used to further
bolster the Company's balance sheet as we actively engage with the increasing
number of third parties who see Milton as a demonstrably clean, deliverable,
and a well-capitalised RTO vehicle."
Admission and Total Voting Rights
The Fundraising Shares will rank pari passu with the existing ordinary shares
of 0.1 pence each ("Ordinary Shares"). The Company will make application to
the Financial Conduct Authority ("FCA") and the London Stock Exchange ("LSE")
to have the 81,600,000 Fundraising Shares admitted to the equity shares
(shell companies) category of the Official List of the FCA and to trading on
the main market for listed securities of the LSE ("Admission"), with Admission
expected to occur on or around 1(st) April 2026. On Admission of the
Fundraising Shares, the Company's issued share capital
will comprise 211,500,000 Ordinary Shares, with each Ordinary Share carrying
the right to one vote. Accordingly, the total number of voting rights in the
Company will be 211,500,000 and this figure 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 FCA's Disclosure Guidance and Transparency Rules.
This announcement contains information which, prior to its disclosure, was
inside information for the purpose of the Market Abuse Regulation (as in force
in the United Kingdom).
Enquiries:
Milton Capital
Richard Mays, Chairman
AlbR Capital Limited (Corporate Broker)
Tel: +44 (0)20 7469 0930
Tel: +44 (0)20 3829 5000
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Richard Mays
2 Reason for the notification
a) Position/status Chairman
b) Initial notification /Amendment
Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Milton Capital Plc
b) LEI 213800HP1JUEEDRXTV09
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of £0.001 each
Identification code
ISIN: GB00BMWLC750
b) Nature of the transaction Subscription
c) Price(s) and volume(s) 2,000,000 Ordinary Shares at £0.0025 pence per share
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 27 March 2026
f) Place of the transaction Main Market
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities /
person closely associated
a) Name Nicholas Pillar
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification /Amendment
Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Milton Capital Plc
b) LEI 213800HP1JUEEDRXTV09
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of £0.001 each
Identification code
ISIN: GB00BMWLC750
b) Nature of the transaction Subscription
c) Price(s) and volume(s) 3,200,000 Ordinary Shares at £0.0025 pence per share
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 27 March 2026
f) Place of the transaction Main Market
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