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Exercise of Warrants and Issue of Shares

5th Jul 2017 13:09

RNS Number : 2184K
EVR Holdings PLC
05 July 2017
 

 

 

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.

 

- Ends -

 

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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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