EVR Holdings PLC Appointment of Chief Commercial Officer (1981R)

TIDMEVRH

RNS Number : 1981R

EVR Holdings PLC

27 February 2019

27 February 2019

EVR Holdings plc

("EVR" or the "Company")

Appointment of Chief Commercial Officer

EVR Holdings plc (AIM: EVRH), a leading creator of virtual reality music content, is pleased to announce the appointment of Miles Lewis as Chief Commercial Officer (CCO) of MelodyVR Ltd ("MelodyVR").

Miles, former Senior Vice President International for Shazam, joins MelodyVR as CCO, following Shazam's exit to Apple Inc for a reported $400m in September 2018. Miles brings a wealth of experience and knowledge having previously held sales and commercial roles with Last.fm, Yahoo and AOL. In his new role at MelodyVR, Miles will lead commercial strategy and strategic partnerships, with a key focus on revenue generation and global growth.

Miles will be granted options over 3,000,000 ordinary shares of 1 pence each of the Company ("Ordinary Shares") under the Company's EMI Scheme to employees at an exercise price of 4 pence per share. These options have an expiry date of the 10th anniversary of the date of grant (subject to vesting conditions).

Miles Lewis, Chief Commercial Officer of MelodyVR said: "The opportunity to experience your favourite music via virtual reality is a new frontier in entertainment. As brand's marketing strategies increasingly utilise storytelling to build more powerful relationships with consumers, the ability to create an in-depth connection with an audience via MelodyVR will become increasingly more valuable. As consumers continue to want greater access to original content and unique experiences, we will be increasingly able to connect them with the artists they love via the MelodyVR platform. I look forward to launching exciting and engaging initiatives that will build meaningful commercial partnerships and I am incredibly honoured to be joining the MelodyVR team at this point in its trajectory."

Anthony Matchett, Executive Chairman and CEO of EVR, said: "I am very pleased to announce the appointment of Miles Lewis as Chief Commercial Officer. As part of the company's Executive Management team, Miles' prior experience across sales and commercial functions will further our opportunities with regards to strategic partnerships, branded content opportunities and revenue generation. I look forward to working with Miles and his team at this exciting point in our Company's development and growth."

 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                 Miles Lewis 
       -----------------------------------  ----------------------------------------- 
 2.     Reason for the notification 
       ------------------------------------------------------------------------------ 
 (a)    Position/status                      Chief Commercial Officer 
       -----------------------------------  ----------------------------------------- 
 (b)    Initial notification/                Initial notification 
         Amendment 
       -----------------------------------  ----------------------------------------- 
 3.     Details of the issuer 
       ------------------------------------------------------------------------------ 
 (a)    Name                                 EVR Holdings plc 
       -----------------------------------  ----------------------------------------- 
 (b)    LEI                                  213800B2AKGQC3D2R751 
       -----------------------------------  ----------------------------------------- 
 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 the                   Ordinary shares of GBP0.01 each 
         Financial Instrument 
       -----------------------------------  ----------------------------------------- 
 (b)    Identification code                  GB00BD2YHN21 
         of the Financial 
         Instrument 
       -----------------------------------  ----------------------------------------- 
 (c)    Nature of the transaction            Grant of options over ordinary shares 
       -----------------------------------  ----------------------------------------- 
 (d)    Price(s) and volume(s)               Price(s)                    Volume(s) 
                                            --------------------------  ------------- 
   Exercise price of 
    4p per shares                                                        3,000,000 
  --------------------------------------------------------------------  ------------- 
 
 (e)    Aggregated information               N/A 
          *    Aggregated volume 
 
 
         - Price 
       -----------------------------------  ----------------------------------------- 
 (f)    Date of the transaction              26 February 2019 
       -----------------------------------  ----------------------------------------- 
 (g)    Place of the transaction             Off market 
       -----------------------------------  ----------------------------------------- 
 

For further information please contact:

 
 EVR Holdings plc 
 Anthony Matchett, Executive Chairman &            Tel: [phone] 
  CEO                                               5737 
 Andy Brown, Chief Financial Officer               www.evrholdings.com 
 
 Investec Bank plc: Nominated Adviser, Financial   Tel: [phone] 
  Adviser and Corporate Broker                      5970 
 Corporate Finance: David Anderson / Junya 
  Iwamoto 
 Corporate Broking: Sara Hale / Helene Comitis 
 

Notes to Editors:

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 and www.melodyvr.com

For more information on Melody VR, please visit:

www.melodyvr.com

- Ends -

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February 27, 2019 02:01 ET (07:01 GMT)