Milamber Ventures Plc

April 08, 2016 02:00 ET

Milamber Innovation Showcase & Issue of Equity

                                                                                               8 April 2016

                                           Milamber Ventures plc
                                       ("Milamber" or the "Company")

                              Milamber Innovation Showcase & Issue of Equity

The  Directors of Milamber (ISDX: MLVP) wish to share with its shareholders an update following the  highly
successful  Innovation  Showcase, held on 17 March 2016 in conjunction with ICAP Securities  &  Derivatives
Exchange (ISDX).

Further,  the Company has raised £30,000 via a placing with SF Webb Capital Smaller Companies Growth  Fund,
as  a  direct result of the fund's interest in the progress being made by Milamber and its interest in  the
companies featured at the Innovation Showcase.

Innovation Showcase

Over 100 investors, customers, press and interested guests attended the event.

Initial developments arising from the event include:

    *    A Milamber Portfolio Company was offered a £40,000 investment within 24 hours of the event; in
         addition, two investment funds are currently reviewing that company's business plan for a Series 'A'
         investment round.

    *    Two Milamber Portfolio Companies won new customers for their products and services  on the day,
    *    As a result of the event, Milamber has met with or booked over twenty five investor and business
         development meetings for itself and for its Portfolio Companies.
    *    Angels Den has taken on So Just Shop to present at their Tech Club on 14 April 2016.
    *    Press results included the following article by Master Investor Magazine.

Just some of the attendee comments that Milamber has received include:

    *       "Brilliant event, well done putting it together." (League of Angels)
    *       "It was a really interesting mix of people there and it was a great opportunity to get a better
            idea of the businesses". (Fund Manager)
    *       "I am interested in investing and also possibly getting involved more actively". (A Private
            Investor to Knowledge Motion)
    *       "Great day chaps. Thank you. Enjoyable and productive." (A Private Investor)
    *       "It was a good event with a great buzz." (Smart Anchor Ventures)
    *        "It was a great event yesterday and met some very interesting companies." (Angel Network Leader)

Andy  Hasoon, Chairman of Milamber Ventures, commented, "The success of the event was matched only  by  the
interest  shown  by the attendees towards the Portfolio Companies which exhibited at the  event.  There  is
clearly a huge appetite in the UK towards the wellbeing of the technology innovators of the future  and  we
are proud to be a key influencer in the success of many such companies.

"We  have  known  for some time that to be a successful company in today's education, media and  technology
industries, a company requires expert guidance with its marketing, sales, product development and corporate
governance, as well as access to funding when the time for growth is right.

"The  team  at Milamber prides itself on providing these elements for success, as witnessed by the  results
from our first Innovation Showcase. We will keep our existing shareholders updated with developments on all
our  Portfolio Companies and look forward to working with new investors over the coming months and building
our shareholder base further

"We  would  like  to  thank  ICAP  for working with us to make this even happen.  Their  support  has  been
tremendous  and  is  indicative of the work they are undertaking with their ISDX traded companies.  We  are
looking forward to working even more closely with them in the near future."

Issue of Equity
The  Company  announces  that it has issued a total of 453,125 ordinary shares of 1 pence  each  ("Ordinary
Shares"). Of these Ordinary Shares, 300,000 shares have been subscribed for at a price of 10p per share  by
SF  Webb  Capital  Smaller Companies Growth Fund. A further 153,125 Ordinary Shares  have  been  issued  to
Peterhouse  Corporate  Finance  Limited at a price of 16 pence per share in  settlement  of  advisory  fees
totalling £24,500.

The  proceeds of the subscription by SF Webb Capital Smaller Companies Growth Fund will be used for general
working capital purposes.

In  accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby
announces  that,  following  these share issues, it has 3,966,393 Ordinary  Shares  in  issue,  each  share
carrying the right to one vote.

The above figure of 3,966,393 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.

Shareholders with holdings of 3% or more in Milamber are listed below:

Shareholder                                                                 Number of Shares         %
Andy Hassoon                                                                    531,393            13.4
SF Webb Capital Smaller Companies Growth Fund                                   424,387            10.7
Paul Rodger                                                                     350,001             8.8
Steve Blyth                                                                     294,444             7.4
Gary June                                                                       222,223             5.6
Steve Stovold                                                                   166,667             4.2
Peterhouse Corporate Finance Limited                                            153,125             3.9
Gary Mitchell                                                                   138,339             3.5
Jason Velody                                                                    138,339             3.5
Christian Andrew                                                                138,339             3.5
Chris Tidball                                                                   131,578             3.3
Other shareholders                                                             1,277,558           32.2
Total number of shares                                                         3,966,393           100.0

The Directors of Milamber Ventures plc are responsible for the contents of 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