EVR Holdings PLC Issue of Equity and Grant of Options (4739M)
13 October 2016 - 9:16PM
UK Regulatory
TIDMEVRH
RNS Number : 4739M
EVR Holdings PLC
13 October 2016
For immediate release 13 October 2016
EVR Holdings plc
('EVR' or the 'Company')
Issue of Equity and Grant of Options
The Board of EVR Holdings plc (AIM: EVRH) announces that the
Company has today allotted and issued 10,740,512 new ordinary
shares of 1p each ("Ordinary Shares"), following the exercise of
10,740,512 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 GBP150,367.16,
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
28,409,478 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 10,740,512 new Ordinary
Shares to be admitted to trading on AIM. Admission is expected to
occur on or about 19 October 2016. The new ordinary shares rank
pari passu with the existing ordinary shares.
In addition, options over 13,828,472 Ordinary Shares have been
granted under the Company's EMI Scheme to employees of the Company.
This includes the award of options over 3,591,811 Ordinary Shares
to a PDMR, Sebastian Theron, the Company's Chief Financial Officer.
The exercise price of all options granted is GBP0.011, with an
expiry date of the 10th anniversary of the date of grant (subject
to vesting conditions).
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- ----------------------------------------------------------------
a) Name Sebastian Theron
--- ---------------------------- ----------------------------------
2 Reason for the notification
--- ----------------------------------------------------------------
a) Position/status Chief Financial Officer
--- ---------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
--- ---------------------------- ----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
--- ----------------------------------------------------------------
a) Name EVR Holdings plc
--- ---------------------------- ----------------------------------
b) LEI N/A
--- ---------------------------- ----------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type
of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
--- ----------------------------------------------------------------
a) Description of Ordinary shares of GBP0.01
the financial each
instrument, type ISIN: GB00BD2YHN21
of instrument
Identification
code
--- ---------------------------- ----------------------------------
b) Nature of the Grant of options over ordinary
transaction shares
--- ---------------------------- ----------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- ----------
Exercise
price of
1.1p per
share 3,591,811
----------- ----------
--- ---------------------------- ----------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ---------------------------- ----------------------------------
e) Date of the transaction 13 October 2016
--- ---------------------------- ----------------------------------
f) Place of the Off market
transaction
--- ---------------------------- ----------------------------------
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 936,418,832 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
MSCAKNDDKBDDAKD
(END) Dow Jones Newswires
October 13, 2016 06:16 ET (10:16 GMT)
Napster (LSE:NAPS)
Historical Stock Chart
From Apr 2024 to May 2024
Napster (LSE:NAPS)
Historical Stock Chart
From May 2023 to May 2024