EVR Holdings PLC Issue of Equity and Grant of Options (4739M)

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: [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 
Henry Harrison-Topham / Jamie  Tel: [phone] 
 Hooper                                        5000 
 Stephanie Watson / Catriona 
 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 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

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October 13, 2016 06:16 ET (10:16 GMT)