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And the positive is I can’t see a placing either personally, and you would be correct about any mutual agreement but a hostile could come any time as in any business...just a knock at the door...GLA.
Results as expected - forward looking statements looking strong.
https://www.londonstockexchange.com/news-article/VRE/final-results/14578560
We knew the RNS would guide the way......now who are they friends with. it just shows how fast the price will rise if accumulation starts again.
Thanks JB spot on - teaches me to rush checking when out this morning - though HL who I use still have the old number of shares in place rather than the new % which is Correctly on the RNS - Doh
Interesting - I wonder who has picked up the 8% from the Whelans? Would suit me if it was HTC - but another II would do fine....
Approx 19 M shares - valuation roughly around the 4M mark - don’t personally see this as private investors - but we shall see
Spot my deliberate mistake on the day error!
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