News

30 June 2017

HALF YEARLY REPORT

MILESTONE GROUP PLC

("Milestone" or the "Company")

HALF YEARLY REPORT

Milestone Group PLC ("Milestone" or the "Company"), the AIM quoted (AIM: MSG) provider of digital media and technology solutions, announces its half yearly report for the six months ended 31 March 2017.

Highlights

• Nexstar JV distributes first Independent Film, Brash Young Turks
• Nexstar expanded offering to include BankHub
• Post period, Nexstar launches KYC / AML platform
• Cooperation agreement signed with the Social Stock Exchange
• Launch of unique Alchemy digital media platform at the Apprenticeships 4 England event
• Launch of Alchemy TV, 24/7 online over-the-top TV streaming service
• OnGuard contract renewals and extensions agreed
• £748,720 raised through Equity Issues during the period and £305,000 since the period end
• Board taking action to recover £1.25m from the Company sourced placee from October 2016 placing

Deborah White, Chief Executive, said:

"The last six months have been the most challenging during my time at Milestone, however the opportunities made available via Nexstar's innovative and disruptive technology applications continue to attract attention from a growing number of market sectors. With additional sales and marketing resources to support the Company's revised strategic focus it is only a matter of time before their revenue potential becomes apparent and the results of our efforts from 2016 begin to manifest."

The full report can be viewed here.

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