Member Info for Discus1

Courtesy reminder of the next event on Tuesday - they don’t hang around now deal done-
HTC VIVE Virtual launch event - unfortunately may have to wait till Wednesday to review due to launch at 9.00am Beijing time - 1.00am -3.30am UK

The world is going through an unprecedented time full of unimaginable challenges that have impacted all of us around the globe this year. During times like this, it is vital that we are united to identify the core issues, then seek to build solutions versus laying blame.
The “New Normal” we have gotten accustomed to the last few months has exacerbated health, political and economic strains within all facets of our current society. But in time, it will pass, and we will overcome it.
Technological innovation and adoption has been the core driving force behind broad societal progress throughout history. This truth will continue to be the case going forward, and it is up to us now to look ahead, take on a growth mindset and create this better future together. HTC VIVE invites you to join us on 6/16 1am GMT for a virtual “Journey into the Next Normal”.
We are looking forward to your visit!

https://mobile.twitter.com/AGraylin/status/1268221919632871424

RNS Number : 7032P
VR Education Holdings PLC
11 June 2020

For immediate release

11 June 2020


This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

VR Education Holdings plc
('VR Education' or the 'Company')

Result of Extraordinary General Meeting
and
Admission of Subscription Shares

VR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company focused on the education and enterprise training space, announces that, at the Extraordinary General Meeting of the Company held earlier today, all resolutions set out in the Circular dated 19 May 2020 were duly passed.

The results of the voting will be available shortly on the Company's investor relations website: https://immersivevreducation.com/investors.

Accordingly, following the announcement of 20 May 2020 notifying that HTC Corporation ('HTC') had agreed to invest €3.0 million in the Company (the 'Subscription'), the Admission of 48,284,102 Subscription Shares to trading on the London Stock Exchange's AIM and Euronext Growth, for which application has been made, is expected to occur at 8.00 a.m. on Friday, 12 June 2020.

Highlights:
· Issue of 48,284,102 Subscription Shares at an Issue Price of 5.47 pence per Subscription Share;
· The Enlarged Issued Share Capital of the Company will be 241,420,508 Ordinary Shares with the Subscription Shares representing c.20 per cent. of the Enlarged Issued Share Capital;
· Gross proceeds of the Subscription are €3.0 million (£2.64 million) with net proceeds after expenses being approximately €2.93 million (£2.58 million);
· Proceeds of the Subscription will be used to further develop and enhance the Company's ENGAGE platform and build its sales and marketing capability, as well as the production of additional showcase experiences to support the uptake of the ENGAGE platform; and
· Praveen Gupta, Vice President - Corporate Investments and Development, HTC, will join the Board of VR Education as a non-executive director of the Company. A further announcement in relation to his appointment will be made in due course.

HTC's investment follows the success of the 2020 HTC VIVE Ecosystem Conference which was hosted on the Company's ENGAGE platform in March 2020. Further to the announcement of 20 May 2020, HTC and the Company have entered into a strategic partnership for the distribution and license of the Company's ENGAGE platform globally through HTC enterprise sales channels.

Total Voting Rights
Following Admission, the Company will have in issue 241,420,508 ordinary shares with voting rights. The above figure may be used by shareholders as the denominator for 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. There are no shares held in treasury.


Capitalised terms used in this

Will be interesting to see the reports on the PlayStation 5 tonight 9pm our time - hopefully a VR update around there future offerings. Was reading a report the other night on the future of VR glasses and the cost hopefully coming down to £100 - would make a real difference but I also did Not realise you can watch VRE eduction programmes in 2D without the glasses and it still looks a more interesting environment than just a white board and books.

This is what you are looking for - the bottom section of the last RNS regarding the investment. However does not stop the issue of an RNS at any time should they see fit.

The General Meeting of the Company will be held at 11 a.m. on 11 June 2020 at the offices of VR Education, Unit 9, Cleaboy Business Park, Waterford, Ireland.  In light of the public health advice in response to the COVID-19 pandemic, all shareholders are strongly advised to submit their votes by Proxy and are kindly asked not to attend the General Meeting in person.  No update outside the formal business of the Resolutions will be provided at the meeting.

Nothing really to add to the quality posted here over the last few days apart from stating the obvious, still tremendous value here for a similar business to exploit. The RNS when it lands will steer us unless other news arrives first....

Well done RKB nearly back myself - looking a good finish now- GLA

Those patiently awaiting confirmation from Sony about Its PlayStation 5 games reveal livestream, as confirmed by the PlayStation Twitter feed, is officially set for this Thursday, 11th June, at 9pm in the UK. Be interesting to see how VR is represented.

Have to say disappointed - looks like the buyer who drove us last week has finished - I have top sliced - GLA

Don’t you just love tree shakes on AIM! It’s coming back now slowly...

https://lse.swingtradebot.com/equities/VRE:LSE

Technical Analysis for VRE - Vr Education Holdings Plc

Hi Burge, anything is possible but for me I’m looking at 41 pence to start as I believe this will equate to around £100M market cap after the issue of the new shares so if we get there it could become very interesting and I will review my plan then.
GL

HTC conference completed successfully - VR Education believes will be the first conference ever to be transferred into virtual reality, enabling a global audience without travel. The conference will also be attended by the teams from other events which are either cancelled, postponed or taking on new digital formats such as GSMA (Global System for Mobile Communications), GDC (Game Developers Conference), ESL (English as a Second Language) and GTC (GPU Technology Conference).

I have highlighted the word ever in the above statement -

With 5G arriving at speed - perhaps this will be the new normal, think of the savings to your business if events can be attended from home without travel. what would you value it at if it pulls it off....and with HTC’s global reach pushing it forward

As the value of the company climbs a larger range of institutions will be able to buy stock who currently prevented. 50M and 100M caps to start specifically.

I love it when bulletin boards are quiet - means the herds not arrived yet!
DYOR

Though tempting as it may have been to exit as it hit its previous high I recalled how difficult it was for me to increase my stake earlier this week so held in, believe this has more to run, much more if positive news is released. GLA

Feels like a decent buyer to me - something I had hoped for after the tie up

The only thing that matters is this subscription has been bought fully by HTC as a strategic partner and IMHO have no intention of flipping the shares. However they do have a lock in so removes that particular worry for the near future. More importantly they want to help control the future of the business hence placing a director on the board. So if they rely heavily on VRE platform and they succeed together then it will be mutually beneficial to both parties, and if VRE takes off so does the value of there 20% holding. The shares appear to be tightly held perhaps viewing Zooms success.
And as a pure ramp I wonder what zoom would be prepared to pay for them? At there valuation of 50 billion - yes billion even a few hundred million would be chicken feed IMHO.....£1 per share is around £250m valuation....ramp over!

Sony where meant to be doing a reveal of their PlayStation 5 tomorrow - the future of gaming - but it has been delayed. But still expected for the holidays. What surprised me is there are estimated to be 5 million users of VR already on the platform which I find staggering.

VR Education claims to support the device with "its current suite of software" demonstrating there's no great leap between the new device and the current-gen model. The tweaks to the formula must be taken into account for the PS5's capabilities, so future developers can make games in 4K or 8K for the headset, while older content can still be supported.

So when on the main lunch time news they are talking at length about new ways to use tech to connect people and zoom going through the roof this looks like a fair gamble. GLA

41p is a good Starting point at circ 100m some bigger institutions can buy then - if we look at the crazy valuation of Zoom anything is possible - maybe even a cheeky offer ? Before they grow too fast - only have a punt on this one so happy to let run - good luck

Legal Entity Identifier: 213800X5WU57YL9GPK89
Metro Bank plc

Roger Farah to step down as Non-Executive Director

Metro Bank ("the Bank") today announces that, after six years on the Board, Roger Farah has decided to step down as a Non-Executive Director with immediate effect.

The Metro Bank Board wishes to thank Roger for his contribution to the Bank. As a result of his departure, Catherine Brown will become Chair of the Remuneration Committee and Monique Melis will become Chair of the Nomination Committee, subject to regulatory approval. Monique will continue in her role as interim Senior Independent Director.

Following the departure of Roger Farah, the Board excluding the Chairman will comprise seven Non-Executive Directors, five of whom are independent, and two Executive Directors.

Fair dues BS and I stand corrected- Theo is smart enough to know I mean no malice - but you certainly know when he’s not around!

Theo gone? Job done.....