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Exercise of Warrants and Issue of Shares

12th Aug 2019 10:49

RNS Number : 7243I
EVR Holdings PLC
12 August 2019
 

Monday, 12th August 2019

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 1,126,383 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 1.85 pence per share. The aggregate gross proceeds of these exercises amount to £20,838.09.

Following the warrant exercise, the number of warrants outstanding is as follows:

Number

Exercise Price

Expiry Date

51,294,234

1.1p

16-May-26

7,670,103

1.85p

16-Oct-19

9,230,180

1.2p

31-Jul-20

The Company has made an application for the 1,126,383 new Ordinary Shares, to be issued and allotted as a result of the warrant exercises set out above, and be admitted to trading on AIM. Admission is expected to occur at 8.00 a.m. on 16 August 2019. The 1,126,383 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 1,126,383 new Ordinary Shares, the Company's total issued ordinary share capital will consist of 1,422,750,477 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.

For further information please contact:

EVR Holdings plcAnthony Matchett, Executive Chairman & CEO [email protected]

 

Arden Partners plc: Nominated Advisor and Sole Broker Tel: +44 (0) 20 7614 5900 Corporate Finance: Ciaran Walsh / Ruari McGirr / Ben CryerCorporate Broking: Simon Johnson

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.

For more information on Melody VR, please visit: www.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 [email protected] or visit www.rns.com.
 
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