EVR Holdings PLC Exercise of Warrants and Issue of Shares (5023C)

TIDMEVRH

RNS Number : 5023C

EVR Holdings PLC

13 April 2017

 
For immediate release  13 April 2017 
 

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 195,812 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 GBP3,622.52, 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 
-----------  ---------------  ------------- 
 15,594,125   1.4p             31 July 2018 
 59,777,856   1.1p             16 May 2019 
                               16 October 
 23,441,663   1.85p             2019 
 9,230,180    1.2p             31 July 2020 
 

The Company has made application for the 195,812 new ordinary shares of 1 penny each to be admitted to trading on AIM. Admission is expected to occur on or about 21 April 2017. The 195,812 new ordinary shares rank pari passu with the existing ordinary shares.

For the purpose of the Disclosure Guidance and Transparency Rules, following the admission of 195,812 new ordinary shares on or about 21 April 2017, the Company's total issued ordinary share capital will consist of 959,125,846 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 Guidance and Transparency Rules.

- Ends -

For further information:

 
EVR Holdings plc 
Sean Nicolson, Chairman                                   Tel: [phone] 
                                                                          5000 
Anthony Matchett, Chief                                    www.evrholdings.com 
 Executive Officer 
 
SPARK Advisory Partners Limited (Nominated 
 Adviser) 
Neil Baldwin / Sean Wyndham-Quin                          Tel: [phone] 
                                                                          3550 
                                                 www.sparkadvisorypartners.com 
 
Peterhouse Corporate Finance Limited (Broker)             Tel: [phone] 
                                                                          0930 
Eran Zucker / Lucy Williams                                   www.pcorpfin.com 
 
 

Media enquiries:

 
Buchanan 
Ben Romney / Jamie Hooper     Tel: [phone] 
 Stephanie Watson / Catriona                  5000 
 Flint 
[e-mail]            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 2017

The virtual reality industry is growing at a significant rate following the launches of Oculus Rift, Playstation VR and HTC Vive. 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

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April 13, 2017 13:01 ET (17:01 GMT)