CTEA.L Regulatory News (CTEA)

14 Mar 2005 15:36

Milestone Group PLC14 March 2005 Immediate Release 14 March 2005 MILESTONE GROUP PLC (the "Company") At the Extraordinary General Meeting of the Company held today the resolutionsnecessary to implement the Placing of new ordinary shares in the Company,announced on 17 February 2005, were duly passed. It is anticipated thatdealings in the Placing Shares will commence on AIM on 15 March 2005. Pursuant to their participation in the Placing the interests of three directors,Julian Blackwell, Andrew Craig and Brian Chester will increase to 1,722,500,2,621,838 and 43,503 ordinary shares respectively representing 6.24 per cent.,9.5 per cent. and 0.16 per cent. of the enlarged share capital of the Company.The interest of the Elliott Group, which is represented on the Board by MarkLevine, has also increased to 7,746,698 ordinary shares representing 28.06 percent. of the enlarged share capital of the Company. For further information please contact: Milestone GroupAndy Craig, Chief ExecutiveBrian Chester, Finance Director Tel: 01235 547 800 Arden PartnersRichard Day Tel: 020 7398 1632 Buchanan Communications Tel: 020 7466 5000Bobby Morse/Suzanne Brocks/Eleanor Williamson This information is provided by RNS The company news service from the London Stock Exchange