Milamber Ventures Plc

April 02, 2015 05:50 ET

Correction: Launch of new ventures, fundraising and issue of equity

In the announcement issued by Milamber Ventures Plc at 9.59am on 2 April 2015, certain figures appeared
incorrectly due to a formatting error. A replacement announcement is set out below.

                                           Milamber Ventures plc
                                         (the "Company" or "MVLP")
                          Launch of new ventures, fundraising and issue of equity
MVLP  is pleased to announce the launch of the "Milamber Ventures Ambassador Network", incorporating a film
partnership  with  production company, MADE in London; the Company has also raised GBP  22,500  of  working
capital and issued additional ordinary shares of 1p each ("Ordinary Shares") in lieu of services rendered.

The  Milamber Ventures Ambassador Network is being established to more formally recognise the  experts  who
collaboratively  apply  their know-how and expertise to develop MVLP's projects and  enable  our  portfolio
companies to achieve their full potential. The intention is to document this process so others may  benefit
from the experience and apply the lessons learned to improve their own businesses.

To  this  end, MVLP, in conjunction with MADE in London (, is launching a new  filming
initiative whose working title is the "MADE Content Network", in which MVLP will have a 49% equity stake.

As  part  of  these  new initiatives, MVLP has raised a total of GBP 22,500 through the  issue  of  125,000
Ordinary Shares at a price of 18p per share. Of these shares, 13,888 Ordinary Shares were acquired by  Mark
Andrews and 55,556 Ordinary Shares were acquired by each of Gary Mitchell and Gary June.

In  addition,  Messrs  Andrews, Mitchell and June have respectively been allotted 55,556  Ordinary  Shares,
83,333  Ordinary Shares and 69,445 Ordinary Shares (also at a price of 18p per share) in lieu  of  services
provided  in  connection with the launch of the Milamber Ventures Ambassador Network and the  MADE  Content
Network.  As  a  result, Messrs Andrews, Mitchell and June are respectively interested in  69,444  Ordinary
Shares, 138,889 Ordinary Shares and 125,001 Ordinary Shares, representing 2.74 per cent, 5.47 per cent  and
4.92 per cent respectively of the Company's enlarged issued share capital.

Mark  Andrews started at the BBC in news and current affairs, moved into the music-video business at Warner
Bros  prior to joining CDP, the UK's most award-winning agency of all time, as Head of TV. He followed this
by  launching Propaganda Films USA into the European market for Polygram. Mark then started his  own  firm,
TSUNAMI Films, followed by "M-A-D-E", a portfolio of multi award winning digital production companies  that
provide  innovative creative communication services for prestige brands including Mercedes, Audi, Sony  and
the British Army.

Gary  Mitchell has more than 25 years' troubleshooting experience at large scale projects in the UK, Europe
and  USA  with more than 20 blue chip organisations and Private Equity backed businesses including  Unisys,
Dixons,  Mothercare, Tesco, GoOutdoors, Curry's & PC World, HP, Smythsons and Misys. His  project,  systems
and  IT  experience  are built on solid foundations including a first class honours degree  in  Engineering
Science from Oxford University, followed by 5 years of manufacturing industry experience, topped off by  an

Gary  June has many years' experience in senior leadership roles in the publishing industry, including from
2009  to  2013  being  Chief Marketing Officer for Pearson Education globally. Other  leadership  roles  at
Pearson include: CEO of Pearson Technology Group (2001 - 2004), Chief Marketing Officer for Pearson  Higher
Education (2004 to 2005) and CEO of Penguin's Dorling Kindersley business (2005 - 2009).  Today,  he  is  a
Founding Partner at the Hatch Group, and senior advisor at investment bank DeSilva & Philips.
Following  these issues of Ordinary Shares, in accordance with the Financial Conduct Authority's Disclosure
and  Transparency Rules, the Company announces that it has 2,538,267 Ordinary Shares in issue,  each  share
carrying the right to one vote.

The above figure of 2,538,267 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.

The Directors of MVLP are responsible for the contents of this announcement.


Milamber Ventures plc
Andy Hasoon
T: 07768 875 681

Peterhouse Corporate Finance Limited
Mark Anwyl and Fungai Ndoro
T: 020 7469 0930

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