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DJ MiLOC Group Limited Placing

TIDMML.P

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 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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September 10, 2019 02:02 ET (06:02 GMT)