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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 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMVR
RNS Number : 2904I
AIM
11 December 2020
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") COMPANY NAME: MelodyVR Group PLC COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : 55 Poland Street, London, England, W1F 7NN COUNTRY OF INCORPORATION: England COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: https://melodyvr.group/ COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: Admission is sought as a result of a reverse take-over under rule 14 by MelodyVR Group of Rhapsody International, trading as Napster. Upon completion of the transaction, Napster will be a wholly-owned subsidiary of MelodyVR Group. The enlarged group will combine the service offerings of MelodyVR and Napster, offering music fans a consolidation of music artist's repertoires including recorded music, short form video content, long form video content, digitally ticketed live streams, educational videos and immersive AR/VR content, into one premium subscription product. The Company's service will be available in a new app which, once launched, will be made available across multiple devices, including smartphones, tablets, smart TV's, consoles and VR devices, as well as providing audio only offerings for in-car and connected home devices such as Sonos and Amazon Echo. The company will be headquartered in the UK with operations in the US and Europe. DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): Number of ordinary shares of 1 pence each in nominal value ("Ordinary Shares") for which Admission will be sought: 2,463,195,763 Subscription price per Ordinary Share: 3.75 pence The are no restrictions as to the transferability of the Ordinary Shares and no Ordinary Shares will be held in treasury. CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: Capital to be raised on admission: $10.1 million Anticipated market capitalisation on admission: GBP92.4 million, based on an issue price of 3.75p PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: 26.3 per cent. DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED: N/A FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known): Simon Cole - Non-executive Chairman Anthony Matchett - Chief Executive Office Steven Hancock - Chief Relationship Officer Grant Dollens - Non-executive Director Andrew Botha - Non-executive Director Lansing Davis - Non-executive Director (expected to be appointed following Admission, subject to satisfactory completion of Nomad checks) FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known): Before Admission After Admission Name Number of % of Ordinary Number of % of Ordinary Ordinary Share Capital Ordinary Share Capital Shares Shares ------------ --------------- ------------ --------------- Davis Capital Partners LLC 249,171,192 12.1 249,171,192 10.1 ------------ --------------- ------------ --------------- Anthony Matchett 155,149,463 7.5 158,482,796 6.4 ------------ --------------- ------------ --------------- Tellworth Investments 120,912,929 5.9 120,912,929 4.9 ------------ --------------- ------------ --------------- J Gore Bahamas Limited 120,108,152 5.8 120,108,152 4.9 ------------ --------------- ------------ --------------- Steven Hancock 117,550,803 5.7 120,884,136 4.9 ------------ --------------- ------------ --------------- Grant Dollans 101,664,112 4.9 121,616,725 4.9 ------------ --------------- ------------ --------------- Ross Creek Capital Management 70,445,828 3.4 70,445,828 2.9 ------------ --------------- ------------ --------------- Invesco Oppenheimer Global Opportunities Funds 68,750,000 3.3 68,750,000 2.8 ------------ --------------- ------------ --------------- Real Networks Digital Music of California Inc. nil nil 200,000,000 8.1 ------------ --------------- ------------ --------------- NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: n/a (i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: i) 31 December ii) 30 June 2020 iii) Audited results the year ended 31 December 2020 by 30 June 2021 iii) Unaudited results for the six months to 30 June 2021 by 30 September 2021 iii) Audited results for the year ended 31 December 2021 by 30 June 2022 EXPECTED ADMISSION DATE: 29 December 2020 NAME AND ADDRESS OF NOMINATED ADVISER: Arden Partners Plc 125 Old Broad Street London EC2N 1AR NAME AND ADDRESS OF BROKER: Arden Partners Plc 125 Old Broad Street London EC2N 1AR OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: A copy of the admission document containing full details about the applicant and the admission of its securities is available on the Company's website, www.melodyVR.group THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY The Company has adopted the Quoted Companies Alliance's Corporate Governance Code DATE OF NOTIFICATION: 11 December 2020 NEW/ UPDATE: New
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(END) Dow Jones Newswires
December 11, 2020 03:00 ET (08:00 GMT)
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