10th Nov 2016 14:48
For immediate release | 10 November 2016 |
EVR Holdings plc
('EVR' or the 'Company')
Exercise of Warrants and Issue of Shares
EVR Holdings plc (AIM: EVRH), one of the leading creators of virtual reality content, announces that it has allotted and issued 3,306,176 ordinary shares of 1 penny each in the capital of the Company at a price of 1.4 pence per share and 2,941,176 ordinary shares of 1 penny each in the capital of the Company at a price of 1.85 pence per share following the exercise of warrants. The gross proceeds of exercise amounted in aggregate to £100,698.22, which provides additional working capital for the Company.
Following the warrant exercise, the number of warrants outstanding is as follows:
Number | Exercise Price | Expiry Date |
23,823,130 | 1.4p | 31 July 2018 |
59,777,856 | 1.1p | 16 May 2019 |
30,392,148 | 1.85p | 16 October 2019 |
9,230,180 | 1.2p | 31 July 2020 |
The Company has made application for the 6,247,352 new ordinary shares of 1 penny each to be admitted to trading on AIM. Admission is expected to occur on or about 16 November 2016. The 6,247,352 new ordinary shares rank pari passu with the existing ordinary shares.
For the purpose of the Disclosure and Transparency Rules, following the admission of 6,247,352 new ordinary shares on or about 15 November 2016, the Company's total issued ordinary share capital will consist of 943,946,356 ordinary shares of 1 penny each. 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.
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For further information:
EVR Holdings plc | ||
Sean Nicolson, Chairman | Tel: +44 (0) 20 7466 5000 | |
Anthony Matchett, Chief Executive Officer | www.evrholdings.com | |
SPARK Advisory Partners Limited (Nominated Adviser) | ||
Neil Baldwin / Sean Wyndham-Quin | Tel: +44 (0) 203 368 3550 | |
www.sparkadvisorypartners.com | ||
Peterhouse Corporate Finance Limited (Broker) | Tel: +44 (0) 20 7469 0930 | |
Eran Zucker / Lucy Williams | www.pcorpfin.com | |
Media enquiries:
Buchanan | |
Henry Harrison-Topham / Jamie Hooper Stephanie Watson / Catriona Flint | Tel: +44 (0) 20 7466 5000 |
www.buchanan.uk.com |
Notes to Editors:
MelodyVR
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
Virtual Reality in 2016
The virtual reality industry is growing at a significant rate and 2016 is on course to be the breakout year with launches of Oculus Rift, Playstation VR and HTC Vive. According to Deloitte the industry is expected to break the US$1bn barrier for the first time this year and Goldman Sachs estimate that the market could be worth US$80bn by 2025.
Related Shares:
EVRH.L