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EVRH Evr Holdings Plc

4.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Evr Holdings Plc LSE:EVRH London Ordinary Share GB00BD2YHN21 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.75 4.70 4.80 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

EVR Holdings PLC Issue of Equity (2925S)

19/12/2016 6:30pm

UK Regulatory


Evr (LSE:EVRH)
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From Mar 2019 to Mar 2024

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TIDMEVRH

RNS Number : 2925S

EVR Holdings PLC

19 December 2016

 
For immediate release  19 December 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 1,895,832 ordinary shares of 1 penny each in the capital of the Company at a price of 1.4 pence per share and 119,086 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 GBP28,744.74, 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 
-----------  ---------------  ------------- 
 21,927,298   1.4p             31 July 2018 
 59,777,854   1.1p             16 May 2019 
                               16 October 
 30,273,062   1.85p             2019 
 9,230,180    1.2p             31 July 2020 
 

The Company has made application for the 2,014,918 new ordinary shares of 1 penny each to be admitted to trading on AIM. Admission is expected to occur on or about 23 December 2016. The 2,014,918 new ordinary shares rank pari passu with the existing ordinary shares.

For the purpose of the Disclosure and Transparency Rules, following the admission of 2,014,918 new ordinary shares on or about 23 December 2016, the Company's total issued ordinary share capital will consist of 945,961,274 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

IOEUKUWRNKAUAAA

(END) Dow Jones Newswires

December 19, 2016 13:30 ET (18:30 GMT)

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