DJ MiLOC Group Limited Placing
RNS Number : 7207L
MiLOC Group Limited
10 September 2019
10 September 2019
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 HKD8,016,217 (approximately GBP819,000) through the issue of 2,867,964 new Ordinary Shares of US$0.001 each in the Company ("Ordinary Shares"), where 113,659 shares were issued at a price of 30p per share to two individual shareholders and the remainder 2,754,305 shares were issued at a price of 28.5p per share, to one corporate shareholder.
Application will be made for the 2,867,964 new Ordinary Shares to be admitted to trading on the NEX Exchange Growth Market and it is expected that admission will occur on or around 13 September 2019.
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 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 as at the date of this notice is 83,661,525 with each share carrying the right to one vote.
MiLOC does not hold any shares in Treasury.
The above figure of 83,661,525 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 Tel: +852 2110 4221 Ronnie CHOI - Chief Financial Officer NEX Exchange Corporate Adviser Tel: +44 (0) 20 7469 PETERHOUSE CAPITAL LIMITED 0930 Guy Miller Mark Anwyl
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(END) Dow Jones Newswires
September 10, 2019 02:02 ET (06:02 GMT)