4 October 2022

Milton Capital plc

("Milton Capital" or the "Company")

Admission to a Standard Listing
 and to trading on the Main Market of the London Stock Exchange

First day of dealings

Admission details

Milton Capital plc (LSE: MII) announces that 100,000,000 Ordinary Shares will today be admitted to the Standard Segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange. The placing of new ordinary shares has successfully raised a total of £950,000, at a placing price of £0.01 per share.

Highlights:

•     One Price for All - All investors have come in at the same IPO price; no Founder Shares or pre-IPO rounds; no warrants; no options.

•     No Advisory/Broking Fees- The Company's advisor and broker, Peterhouse Capital, has agreed to waive all advisory fees and commission on all funds raised at the IPO and will receive no annual retainer.

•     Capped listing and on-going costs -

-     The IPO costs, including all accounting, legal, PR and Exchange fees, which amount to £55,955, have been capped at £50,000 by Peterhouse Capital and as such, post Admission, the Company will have net proceeds of £950,000;

-      Total costs for the first full year after listing are also capped at £50,000.

•     No ongoing director salaries - The Company's directors will receive no salaries or consultancy fees; compensation will only be received by way of a success fee on the completion of an acquisition approved by shareholders.

Strategy

The Company was formed to undertake one or more acquisitions of a majority interest in a company or business. Any such acquisition undertaken by the Company will be treated as a reverse takeover for the purposes of Chapter 5 of the Listing Rules.

The directors intend to search initially for acquisition opportunities in the technology sector. The theme focus for the prospective acquisition is megatrends. This includes sectors such as space, artificial intelligence, machine learning and blockchain technology.

Megatrends are powerful, transformative forces that can change the global economy, business and society. They drive innovation and redefine business strategies and have a meaningful impact on how we live, how we spend our money and how we invest. The disrupters in particular have produced dynamic profits for early-stage shareholders.

Admission details

Prior to Admission, the Company had 5,000,000 Existing Ordinary Shares in issue and conditional on Admission issued 95,000,000 Placing Shares. All Existing Ordinary Shares and Placing Shares were issued at a price of £0.01 per share.

Capitalised terms used in this announcement are as defined in the prospectus published by the Company on 29 September 2022, unless the context otherwise requires. Such prospectus was published to allow for Admission of 5,000,000 Existing Issued Ordinary Shares and 95,000,000 Placing Shares and following any relevant triggering event(s) from time to time, secondary Admission of up to 205,000,000 Shares deriving from the exercise of warrants issued in connection with the Placing. A copy of the prospectus is available at the Company's website, www.milton-capital.co.uk.

The total number of Ordinary Shares in issue on Admission will be 100,000,000 and this number 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 Disclosure Guidance and Transparency Rules.

Dealing will commence at 8.am. today. The codes for the Ordinary Shares will be as follows:

The Company is incorporated and registered in England and Wales under the Companies Act 2006 with company number 13628457.

For further enquiries please contact: