Gaming Realms PLC Issue of Equity (7961A)
09 June 2016 - 5:37PM
UK Regulatory
TIDMGMR
RNS Number : 7961A
Gaming Realms PLC
09 June 2016
Gaming Realms Plc
("Gaming Realms", the "Company" or the "Group")
Issue of Equity
Gaming Realms plc announces that pursuant to the acquisition of
BlueBurra Holdings ("BlueBurra") as announced on 19 August 2014 and
pursuant to a subsequent deed of variation dated 4 March 2016,
BlueBurra has met certain financial and strategic milestones since
its acquisition and the final earn-out condition has now been
satisfied. Accordingly, the Company has allotted 4,800,000 new
ordinary shares of 10 pence each ("Ordinary Shares") to satisfy the
final GBP1,200,000 share element of vendor consideration due to the
former shareholders of BlueBurra (the "Consideration Shares").
All former BlueBurra shareholders who are issued the
Consideration Shares will be subject to lock-up agreements pursuant
to which they will not be able to sell such shares (subject to
customary carve-outs) for a period of 12 months following
Admission.
An application has been made for the admission of the
Consideration Shares and it is expected that Admission will occur
on 13 June 2016.
Following the Admission, the total number of Ordinary Shares in
the Company with voting rights admitted to trading on AIM will be
261,633,292. The Consideration Shares will rank pari passu in all
respects with the Company's existing shares in issue. The Company
does not hold any Ordinary Shares in Treasury.
The above figure of 261,633,292 Ordinary Shares may be used by
shareholders in the Company 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 share capital of
the Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
- Ends -
Contacts:
Gaming Realms
Patrick Southon, CEO
Mark Segal, FD +44 (0) 845 123 3773
Cenkos Securities (Nomad
and Broker)
Max Hartley (Nomad)
Julian Morse (Broker) +44 (0) 20 7397 8900
Yellow Jersey PR
Charles Goodwin +44 (0) 7747 788 221
Aidan Stanley +44 (0) 7584 085 670
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
June 09, 2016 12:37 ET (16:37 GMT)