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DJ Milamber Ventures Plc Issue of Equity

 
TIDMMLVP 
 
30 December 2016 
 
                             Milamber Ventures plc 
                         ("Milamber" or "the Company") 
 
               Completion of Share Buy-back and Issue of Equity 
 
The Directors of Milamber (ISDX: MLVP) are pleased to announce that, following 
shareholder approval at the Company's Annual General Meeting on 7 December 
2016, the Company has completed the acquisition of  300,000 ordinary shares of 
1p each in the Company ("Ordinary Shares") from Paul Rodger for a cash 
consideration of GBP1. To comply with the Companies Act 2006, the cash 
consideration was raised through the issue of 100 Ordinary Shares for cash to 
Christian Andrew, a Director of the Company. 
 
The Company has also raised a further GBP2,000 through the issue of 12,500 
Ordinary Shares at a price of 16p per share and has issued 6,250 Ordinary 
Shares at the same price for services rendered to the Company amounting to GBP 
1,000. 
 
Following the allotment of Ordinary Shares referred to above, Christian Andrew 
is interested in 138,989 Ordinary Shares, representing 2.96 per cent of the 
Company's enlarged issued share capital. 
 
In accordance with the Financial Conduct Authority's Disclosure and 
Transparency Rules, the Company announces that it now has 4,695,404 Ordinary 
Shares in issue, each share carrying the right to one vote, and 505,556 
Ordinary Shares held in Treasury. 
 
                                    -ends- 
 
ENQUIRIES: 
 
Milamber Ventures plc 
Andy Hasoon 
T: 07768 875 681 
E: Andy.hasoon@milamberventures.com 
www.MilamberVentures.com 
 
Peterhouse Corporate Finance Limited (ISDX Corporate Adviser) 
Mark Anwyl and Fungai Ndoro 
T: 020 7469 0930 
 
Cadogan Leander (Financial PR) 
Christian Taylor-Wilkinson 
T: 07795 168 157 
 
 
 
 
 
 
END 
 

(END) Dow Jones Newswires

December 30, 2016 02:00 ET (07:00 GMT)