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DJ Milamber Ventures Plc Issue of Equity and Portfolio Update

 
TIDMMLVP 
 
20 December 2018 
 
                             Milamber Ventures Plc 
 
                         ("Milamber" or "the Company") 
 
                     Issue of Equity and Portfolio Update 
 
Milamber (NEX: MLVP) is pleased to announce a number of new initiatives and 
partnerships. 
 
Issues of Equity 
 
Milamber also announces that the Company has issued a total of 1,972,960 new 
shares of 1p each in the Company ("Ordinary Shares"), issued in settlement of 
services to the Company valued at GBP301,562. 
 
The issues were as follows: 
 
Tim Moore - 156,250 Ordinary Shares issued at 16 pence per share for services. 
 
Bill Hughes - 870,877 Ordinary Shares issued at 16 pence per share for 
services. 
 
Steve Hammersly - 562,500 Ordinary Shares issued at 16 pence per share for 
services. 
 
Rachael Cartwright - 222,222 Ordinary Shares issued at 10p pence per share for 
services. 
 
Ali Khatau - 11,111 Ordinary Shares issued at 9 pence per share for services. 
 
Paul Twiney - 75,000 Ordinary Shares issued at 10 pence per share for services. 
 
Joe Binnion - 75,000 Ordinary Shares issued at 10 pence per share for services. 
 
Milamber USA 
 
The Milamber USA management team has undertaken a partial management buyout of 
Milamber USA LLC in order to allow greater autonomy to operate in the US 
market. The Company retains a 20% shareholding and a board seat in Milamber USA 
LLC. 
 
Consequently, the circumstances that led to the limitation of scope 
qualification of the Company's accounts for the year to 31 March 2018 have now 
been rectified. 
 
Vocademia 
 
Milamber has reduced its shareholding in Vocademia to 5% to enable Vocademia 
management the ability to develop the company in a new direction. Vocademia's 
founder, Mark Woodcock has purchased the other 95% of Vocademia shares with 
900,000 Milamber Ordinary shares which he owned. These shares have been 
cancelled. 
 
White Cobalt 
 
Milamber has divested its interest in White Cobalt for its original purchase 
price of 166,667 Milamber Ordinary shares. These shares have been cancelled. 
 
In accordance with the Financial Conduct Authority's Disclosure and 
Transparency Rules, the Company announces that it now has 15,366,989 Ordinary 
Shares in issue, each share carrying the right to one vote, and 459,215 
Ordinary Shares held in treasury. 
 
Holders of 3% or more of the Ordinary Shares in issue (excluding Ordinary 
Shares held in Treasury) are as follows: 
 
Andy Hasoon                                                        11.7% 
 
James Drace-Francis                                                 8.8% 
 
Bill Hughes                                                         8.2% 
 
Tim Moore                                                           8.0% 
 
Goldvista Properties Ltd                                            5.6% 
 
Steve Hammersly                                                     3.8% 
 
Ajyal Group Limited                                                 3.7% 
 
Anthony Bezzina                                                     3.6% 
 
First Sentinel                                                      3.4% 
 
Mark Woodcock is no longer interested in Ordinary Shares representing 3% or 
more of the current issued share capital of the Company. 
 
The Directors are interested in 1,881,921 Ordinary Shares, representing 12.6% 
of the current issued share capital of the Company. 
 
The above figure of 15,366,989 Ordinary Shares may be used by shareholders in 
the Company 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 share capital of the Company under the Financial Conduct 
Authority's Disclosure and Transparency Rules. 
 
                                    -ends- 
 
ENQUIRIES: 
 
Milamber Ventures Plc 
 
Andy Hasoon 
 
T: 07768 875 681 
 
E: andy.hasoon@milamber.co.uk 
 
www.milamber.co.uk 
 
First Sentinel Corporate Finance Limited (NEX Exchange Corporate Adviser) 
 
Brian Stockbridge 
 
T: 020 7469 0930 
 
Leander (Financial PR) 
 
Christian Taylor-Wilkinson 
 
T: 07795 168 157 
 
E: ctw@leanderPR.com 
 
 
 
END 
 

(END) Dow Jones Newswires

December 20, 2018 09:47 ET (14:47 GMT)