MILESTONE GROUP PLC
("Milestone" or the "Company")
Warrants - amendment of terms
Further to the announcement made 15 August 2011 in relation to an issue of warrants, the Board is seeking to alter the terms of these warrants.
The Company is seeking to extend the exercise period of the warrants by a period of 1 year, therefore the warrants exercisable at a price of 1.75 pence would be exercisable up until 15 August 2013 and the warrants exercisable at 2.25 pence would be exercised up until 15 August 2014. All other terms of the warrants would remain unchanged.
The proposal above requires the consent of at least 75 per cent. of the warrant holders. The Company has today sent a communication to the warrant holders seeking such consent.
A further announcement will be made in due course.
Enquiries:
| Milestone Group PLC | |
| Deborah White, Chief Executive | Tel: 020 7929 7826 |
| Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Avi Robinson | Tel: 020 7148 7900 |
| Hybridan LLP, Broker Claire Louise Noyce / Deepak Reddy | Tel: 020 7947 4350 |