5th Jul 2017 13:09
| 5 July 2017 |
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 received notice of exercise of warrants over 1,174,872 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 8,483,622 Ordinary Shares at a price of 1.1 pence per share. The aggregate gross proceeds of these exercises amount to £115,054.97.
Following the warrant exercise, the number of warrants outstanding is as follows:
Number | Exercise Price | Expiry Date |
15,594,125 | 1.4p | 31 July 2018 |
51,294,234 | 1.1p | 16 May 2019 |
22,266,791 | 1.85p | 16 October 2019 |
9,230,180 | 1.2p | 31 July 2020 |
The Company will make application for the 9,658,494 new Ordinary Shares, to be issued and allotted as a result of the warrant exercises set out above, be admitted to trading on AIM. Admission is expected to occur at 8.00 a.m. on 11 July 2017. The 9,658,494 new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
For the purpose of the Disclosure and Transparency Rules, following the admission of 9,658,494 new Ordinary Shares, the Company's total issued ordinary share capital will consist of 1,031,284,340 Ordinary Shares. 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 | |
Zeus Capital Limited (Nominated Adviser and Broker) | ||
Phil Walker / Andrew Jones | Tel: +44 (0) 203 829 5000 | |
www.zeuscapital.co.uk | ||
Media enquiries:
Instinctif Partners | |
Kay Larsen / Chantal Woolcock / Chris Birt | Tel: +44 (0) 20 7457 2020 |
www.instinctif.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
Related Shares:
EVRH.L