News Column

New Investments and Issue of Equity

May 28, 2014

29 May 2014 Milamber Ventures plc ("Milamber" or the "Company") New Investments and Issue of Equity The Directors of Milamber are pleased to announce that the Company has completed two further investments in pursuit of its investment strategy, satisfied by the issue of new ordinary shares of 1 pence each in the Company ("Ordinary Shares"). The Company has also issued Ordinary Shares in satisfaction of certain creditors. Investments Firstly, the Company has completed the acquisition of a 35% interest in Bull Rodger Limited ("Bull Rodger"), an advertising, design and marketing consultancy. Bull Rodger (www.BullRodger.co.uk) was founded in 1985 and serves a diverse range of clients, from blue chip multi-nationals to venture capital-backed start-ups in a wide variety of sectors, both B2B and B2C. Milamber has been working with Bull Rodger's founder, Paul Rodger, over the past 15 months to assist Bull Rodger's business development activities, with the overall objective of creating a larger communications, design and marketing consultancy. In the year ended March 2012, Bull Rodger made pre-tax profits of GBP 67,836 on revenues of GBP 313,421, and in the year ended March 2013 Bull Rodger made a pre-tax loss of GBP 4,402 on revenues of GBP 187,326. The consideration for the investment is GBP 70,000 which has been satisfied by the allotment of 350,000 Ordinary Shares, at a price of 20 pence per share, to Paul Rodger. The Directors of Milamber believe that this investment provides the Company with a strategic equity stake in a digital marketing services company and that increased co-operation with Bull Rodger will enhance Milamber's capabilities to support its other portfolio companies. As a significant shareholder in Bull Rodger, Milamber has been given the option to appoint a director to the board of Bull Rodger. A further announcement will be made if this option is exercised. Milamber has also acquired an additional 7.5% interest in Engage Production Limited ("Engage"), taking its total interest in Engage to 10%. The consideration for this investment is GBP 100,000, which has been satisfied by the allotment of 500,000 Ordinary Shares to Steve Blyth, the founder and owner of Engage. In the year ended 31 December 2013, Engage had a turnover of GBP 1.84 million and achieved a profits of GBP 64,000. Andrew Hasoon, Executive Chairman of Milamber, is already a non-executive director of Engage. Further information on Engage can be found at the company's website: www.engageproduction.co.uk. Issue of Equity The Company has issued a total of 431,250 Ordinary Shares in satisfaction of certain debts owed by the Company totalling GBP 86,250. Of these Ordinary Shares, 300,000 have been issued to Andrew Hasoon in in settlement of GBP 60,000 previously loaned to Milamber by a company owned by Mr Hasoon. Following the allotments of Ordinary Shares set out above, the Company has a total of 1,891,776 Ordinary Shares in issue and is aware of the following interests in the share capital of the Company: Shareholder Ordinary Shares % Steve Blyth 500,000 26.43 Andrew Hasoon (Director) 400,000 21.14 Paul Rodger 350,000 18.50 The above figure of 1,891,776 Ordinary Shares may be used by shareholders 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, Milamber under the FCA's Disclosure and Transparency Rules. The Directors of Milamber are responsible for the contents of this announcement. ENQUIRIES: Milamber Ventures plc Andy Hasoon T: 07768 875 681 E: Andy.hasoon@milamberventures.comPeterhouse Corporate Finance LimitedMark Anwyl and Fungai Ndoro T: 020 7469 0930


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Source: Marketwire (UK Regulatory)


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