Milamber Ventures Plc

December 14, 2015 05:45 ET

Issue of Equity; Directors' Interests

                                                                                           14 December 2015
                                           Milamber Ventures plc
                                       ("Milamber" or the "Company")

                                   Issue of Equity; Directors' Interests

Milamber Ventures, the ISDX (MVLP) traded specialist business incubator and growth accelerator, is  pleased
to announce that it has issued a total of 913,890 ordinary shares of 1p each ("Ordinary Shares") at a price
of 18 pence per share.

Of  these  Ordinary Shares, 146,021 have been issued for cash, raising £26,283.86 (gross of expenses).  The
remaining 767,868 Ordinary Shares have been issued as to 388,889 Ordinary Shares in settlement of sums owed
to  Directors (Christian Andrew - 138,889 Ordinary Shares; Jason Velody - 138,889 Ordinary Shares and  Dapo
Ladimeji  -  111,111 Ordinary Shares) and as to 378,979 Ordinary Shares in respect of services provided  to
Milamber by Milamber Ambassadors, supporting various projects and Portfolio Companies during 2015.

Milamber  Ambassadors are experts, gurus, incumbent or former leaders of leading corporations who are  also
Milamber shareholders who help create value for the Company and its Portfolio Companies.

The Company's issued share capital following these allotments is 3,246,601 Ordinary Shares.

Following these allotments, the Directors are aware of the following interests of 3% or more in the  issued
share capital of the Company:

Name                                             Shares                          % Shareholding
Andrew Hasoon*                                  531,158                               16.3
Paul Rodgers                                    350,000                               10.8
Steve Blyth                                     294,444                               9.1
Gary June                                       222,222                               6.8
Gary Mitchell                                   138,889                               4.3
Christian Andrew*                               138,889                               4.3
Jason Velody*                                   138,889                               4.3
Webb Capital                                    124,387                               3.8
Jaeger Carey                                    111,111                               3.4
Dapo Ladimeji*                                  111,111                               3.4

Total                                          2,161,100                              66.6

*Director of the Company.

In  accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby
announces that it has 3,246,601 Ordinary Shares in issue, each share carrying the right to one vote.

The above figure of 3,246,601 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 the Company accept responsibility for this announcement.


Milamber Ventures plc
Andy Hasoon
T: 07768 875 681

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

Contact Information

  • Milamber Ventures Plc