Digital media technology company Milestone Group (LON:MSG) said its OnSide mobilised risk management solution has gone live with the Charlton Athletic Community Trust.
The move follows a successful pilot of the project.
OnSide is specifically developed for community sport coaching initiatives and is aimed at building safer local communities.
The change to live status of the project has triggered the issue of 3.9mln Milestone Group shares at 0.77p each to BGP Global Services, the company from which it purchased the software.
The share issue is the second of three tranches of shares Milestone is set to allocate to BGP.
After the latest tranche of shares, BGP has a 4.91% stake in Milestone Group.