EVR Holdings PLC Exercise of Warrants and Issue of Shares (9053O)
11 November 2016 - 1:48AM
UK Regulatory
TIDMEVRH
RNS Number : 9053O
EVR Holdings PLC
10 November 2016
For immediate release 10 November 2016
EVR Holdings plc
('EVR' or the 'Company')
Exercise of Warrants and Issue of Shares
EVR Holdings plc (AIM: EVRH), one of the leading creators of
virtual reality content, announces that it has allotted and issued
3,306,176 ordinary shares of 1 penny each in the capital of the
Company at a price of 1.4 pence per share and 2,941,176 ordinary
shares of 1 penny each in the capital of the Company at a price of
1.85 pence per share following the exercise of warrants. The gross
proceeds of exercise amounted in aggregate to GBP100,698.22, 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
----------- --------------- -------------
23,823,130 1.4p 31 July 2018
59,777,856 1.1p 16 May 2019
16 October
30,392,148 1.85p 2019
9,230,180 1.2p 31 July 2020
The Company has made application for the 6,247,352 new ordinary
shares of 1 penny each to be admitted to trading on AIM. Admission
is expected to occur on or about 16 November 2016. The 6,247,352
new ordinary shares rank pari passu with the existing ordinary
shares.
For the purpose of the Disclosure and Transparency Rules,
following the admission of 6,247,352 new ordinary shares on or
about 15 November 2016, the Company's total issued ordinary share
capital will consist of 943,946,356 ordinary shares of 1 penny
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
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