11th Oct 2016 11:11
LONDON (Alliance News) - EVR Holdings on Tuesday said three of its board members subscribed for shares as part of a placing intended to drive further growth for the business.
Chief Operations Officer Steven Hancock and Chairman Sean Nicolson subscribed for 882,352 and 882,353 placing shares respectively. In addition, Non-Executive Director Peter Read's pension scheme subscribed for 1.5 million placing shares.
After the transactions, Hancock, Nicolson and Read hold 177.8 million shares, 6.6 million shares and 3.1 million shares respectively.
Virtual reality content maker EVR Holdings, in September, had said it raised GBP3.4 million through a placing to be used to drive further growth for the business. EVR has issued 200.0 million shares at 1.70 pence per share to raise the funds.
The stock was down 2.2% at 3.33p Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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