Gaming Realms PLC Subscription (7376F)
30 July 2016 - 1:33AM
UK Regulatory
TIDMGMR
RNS Number : 7376F
Gaming Realms PLC
29 July 2016
Gaming Realms Plc
("Gaming Realms", the "Company" or the "Group")
Subscription to raise GBP2,500,000
Gaming Realms, the creator and publisher of mobile real money
and social games, is pleased to announce that it has conditionally
raised approximately GBP2,500,000 before expenses, through a
subscription of 12,500,000 new ordinary shares of 10 pence each
with a number of investors ("Subscription Shares") at a price of 20
pence per share (the "Subscription Price") ("the Subscription").
The Subscription will represent 4.56% of the Company's enlarged
share capital.
The net proceeds of the Subscription will be used in part
payment of the first deferred consideration due to RealNetworks
Inc. ("RealNetworks") of $4,000,000, following the Group's
acquisition of various assets from RealNetworks on 10 August 2015,
with the balance being paid from the Company's existing cash
resources.
Applications for admission of the Subscription Shares will be
made to AIM. It is expected that admission of 10,750,000
Subscription Shares, which have today been allotted, will become
effective on or around 4 August 2016 ("First Admission").
Application for admission the remaining 1,750,000 Subscription
Shares will be made in due course, once these shares have been
allotted, and admission of these shares is expected to become
effective by no later than 31 August 2016 ("Second Admission"). A
further announcement will be made in due course with respect to
Second Admission.
The Subscription Shares will be issued credited as fully paid
and will rank in full for all dividends and other distributions
declared, made or paid after Admission, and will otherwise rank on
Admission pari-passu in all respects with the Existing Ordinary
Shares. The Subscription Shares are not, and will not, be offered
or sold in any jurisdiction where it would be unlawful to do
so.
Total Voting Rights
Following First Admission, Gaming Realms' total shares in issue
will be 272,383,292 ordinary shares of 10 pence each. Gaming Realms
holds no ordinary shares in Treasury. The above 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, Gaming Realms under the AIM
Disclosure and Transparency Rules.
This announcement contains inside information.
Contacts:
Gaming Realms
Patrick Southon, CEO
Mark Segal, FD 0845 123 3773
Cenkos Securities (Nomad
and Broker)
Max Hartley (Nomad)
Julian Morse (Broker) +44 (0) 20 7397 8900
Yellow Jersey PR
Charles Goodwin
Aidan Stanley +44 (0) 7747 788 221
About Gaming Realms
Gaming Realms creates and publishes innovative real money and
social games for mobile, with operations in the UK and U.S. Through
its market leading mobile platform and unique IP and brands, Gaming
Realms is bringing together media, entertainment and gaming assets
in new game formats. The Gaming Realms management team includes
accomplished entrepreneurs and growth executives from a wide range
of leading gaming and media companies.
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
July 29, 2016 11:33 ET (15:33 GMT)