EVR Holdings PLC Exercise of Warrants & Issue of Shares correction (8359W)

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RNS Number : 8359W

EVR Holdings PLC

03 August 2018

 
  3 August 2018 
 

EVR Holdings plc

('EVR' or the 'Company')

Exercise of Warrants and Issue of Shares

The following amendment has been made to the Exercise of Warrants and Issue of Shares RNS 3725W released on 31 July 2018. The outstanding warrants over 51,294,234 new Ordinary Shares expire on 16 May 2026. All other details remain unchanged. The full amended text is shown below.

EVR Holdings plc (AIM: EVRH), one of the leading creators of virtual reality content, announces that it has received notice of exercise of warrants over 980,392 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 1.85 pence per share, and notice of exercise of warrants over 7,004,165 Ordinary Shares at a price of 1.4 pence per share. The aggregate gross proceeds of these exercises receivable by the Company amount to GBP116,195.56.

Following the warrant exercise, the outstanding warrants over Ordinary Shares are as follows:

 
 Number of Ordinary 
  Shares              Exercise Price   Expiry Date 
-------------------  ---------------  ---------------- 
 208,335              1.4p             31 July 2018 
 19,494,269           1.85p            16 October 2019 
 9,230,180            1.2p             31 July 2020 
 51,294,234           1.1p             16 May 2026* 
 

*32,305,630 of these warrants are held by the Directors of the Company

Any warrants not exercised before the expiry date will lapse. The Company has made application for the 7,984,557 new Ordinary Shares, to be issued and allotted as a result of the warrant exercises set out above, to be admitted to trading on AIM. Admission is expected to occur at 8.00 a.m. on 6 August 2018. The 7,984,557 new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Total Voting Rights

For the purpose of the Disclosure and Transparency Rules, following the admission of 7,984,557 new Ordinary Shares, the Company's total issued ordinary share capital will consist of 1,299,442,652 Ordinary Shares. The Company does not hold any shares in treasury. 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.

For further information please contact:

 
EVR Holdings plc 
Anthony Matchett, Executive Chairman &             Tel: [phone] 
 CEO                                                               7430 
Sebastian Theron, 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 https://melodyvr.com/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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August 03, 2018 11:40 ET (15:40 GMT)