EVR Holdings PLC Issue of Equity (3142N)
October 24 2016 - 9:24AM
UK Regulatory
TIDMEVRH
RNS Number : 3142N
EVR Holdings PLC
24 October 2016
For immediate release 24 October 2016
EVR Holdings plc
('EVR' or the 'Company')
Issue of Equity
The Board of EVR Holdings plc (AIM: EVRH) announces that the
Company has today allotted and issued 1,280,172 new ordinary shares
of 1p each ("Ordinary Shares"), following the exercise of 1,280,172
of the warrants that were issued in July 2015 ("Warrants"). The
exercise price is 1.4p per Ordinary Share and the gross proceeds of
exercise amounted in aggregate to GBP17,922, which provides
additional working capital for the Company.
Following the warrant exercise, the number of warrants
outstanding is as follows:
Number Exercise Price Expiry Date
27,129,306 1.4p 31 July 2018
59,777,856 1.1p 16 May 2019
33,333,324 1.85p 16 October 2019
9,230,180 1.2p 31 July 2020
The Company has made application for the 1,280,172 new Ordinary
Shares to be admitted to trading on AIM. Admission is expected to
occur on or about 28 October 2016. The new ordinary shares rank
pari passu with the existing ordinary shares.
For the purpose of the Disclosure and Transparency Rules, the
Company's total issued ordinary share capital at the date of this
announcement consists of 937,699,004 ordinary shares of 1p each.
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 Disclosure and Transparency Rules.
- Ends -
For further information:
EVR Holdings plc
Sean Nicolson, Chairman Tel: +44 (0) 20 7466
5000
Anthony Matchett, Chief www.evrholdings.com
Executive Officer
SPARK Advisory Partners Limited (Nominated
Adviser)
Neil Baldwin / Sean Wyndham-Quin Tel: +44 (0) 203 368
3550
www.sparkadvisorypartners.com
Peterhouse Corporate Finance Limited (Broker) Tel: +44 (0) 20 7469
0930
Eran Zucker / Lucy Williams www.pcorpfin.com
Media enquiries:
Buchanan
Henry Harrison-Topham / Jamie Tel: +44 (0) 20 7466
Hooper 5000
Stephanie Watson / Catriona
Flint
EVR@buchanan.uk.com www.buchanan.uk.com
Notes to Editors:
MelodyVR
MelodyVR is a wholly owned subsidiary of EVR Holdings plc
('EVR'), a company that is listed on the AIM market of the London
Stock Exchange under the ticker EVRH.L. EVR, a creator of virtual
reality content, joined AIM on 16 May 2016 following a reverse
takeover of Armstrong Ventures plc. Further information can be
viewed at www.evrholdings.com
Virtual Reality in 2016
The virtual reality industry is growing at a significant rate
and 2016 is on course to be the breakout year with launches of
Oculus Rift, Playstation VR and HTC Vive. According to Deloitte the
industry is expected to break the US$1bn barrier for the first time
this year and Goldman Sachs estimate that the market could be worth
US$80bn by 2025.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEUSUORNUARUAA
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