Subscription to raise £204,000
Milton Capital Plc has successfully raised £204,000 in gross proceeds through a subscription of 81,600,000 new ordinary shares at 0.25 pence per share. This fundraising includes participation from directors Richard Mays and Nicholas Pillar, who subscribed for 2,000,000 and 3,200,000 shares respectively, increasing their holdings to 4.02% and 2.70%. The proceeds will strengthen the company's balance sheet to pursue a value-accretive reverse takeover. Following the admission of these new shares, expected around April 1st, 2026, the total issued share capital will be 211,500,000 ordinary shares, each carrying one vote.
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Milton Capital Plc announces that it has conditionally raised gross proceeds of £204,000 via binding commitments under a subscription (the "Subscription"). Under the Subscription, the Company will issue of 81,600,000 new ordinary shares ("Fundraising Shares") to a range of new and existing investors and the directors of the Company, at an issue price of 0.25 pence. Both directors of the Company have participated in the Subscription, Richard Mays has subscribed for 2,000,000 Fundraising Shares and Nicholas Pillar has subscribed for 3,200,000 Fundraising Shares. Following the issue of the Fundraising Shares, the directors' interests will be:
| Richard Mays | 8,500,000 | 4.02% |
| Nick Pillar | 5,700,000 | 2.70% |
AlbR Capital Limited, the Company's Broker, acted as the Company's placing agent in respect of the Subscription.
Richard Mays, Chairman: "This additional funding places the Company in an enhanced position to search for and attract a value accretive reverse take-over ("RTO"). The proceeds of the Subscription will be used to further bolster the Company's balance sheet as we actively engage with the increasing number of third parties who see Milton as a demonstrably clean, deliverable, and a well-capitalised RTO vehicle."
Admission and Total Voting Rights
The Fundraising Shares will rank pari passu with the existing ordinary shares of 0.1 pence each ("Ordinary Shares"). The Company will make application to the Financial Conduct Authority ("FCA") and the London Stock Exchange ("LSE") to have the 81,600,000 Fundraising Shares admitted to the equity shares (shell companies) category of the Official List of the FCA and to trading on the main market for listed securities of the LSE ("Admission"), with Admission expected to occur on or around 1st April 2026. On Admission of the Fundraising Shares, the Company's issued share capital will comprise 211,500,000 Ordinary Shares, with each Ordinary Share carrying the right to one vote. Accordingly, the total number of voting rights in the Company will be 211,500,000 and this figure 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, the Company under the FCA's Disclosure Guidance and Transparency Rules.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Richard Mays |
| 2 | Reason for the notification | |
| a) | Position/status | Chairman |
| b) | Initial notification /Amendment | Initial |
| a) | Name | Milton Capital Plc |
| b) | LEI | 213800HP1JUEEDRXTV09 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.001 each ISIN: GB00BMWLC750 |
| b) | Nature of the transaction | Subscription |
| c) | Price(s) and volume(s) | 2,000,000 Ordinary Shares at £0.0025 pence per share |
| d) | Aggregated information - Aggregated volume - Price | |
| e) | Date of the transaction | 27 March 2026 |
| f) | Place of the transaction | Main Market |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Nicholas Pillar |
| 2 | Reason for the notification | |
| a) | Position/status | Non-Executive Director |
| b) | Initial notification /Amendment | Initial |
| a) | Name | Milton Capital Plc |
| b) | LEI | 213800HP1JUEEDRXTV09 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of £0.001 each ISIN: GB00BMWLC750 |
| b) | Nature of the transaction | Subscription |
| c) | Price(s) and volume(s) | 3,200,000 Ordinary Shares at £0.0025 pence per share |
| d) | Aggregated information - Aggregated volume - Price | |
| e) | Date of the transaction | 27 March 2026 |
| f) | Place of the transaction | Main Market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.