26 Jun 2018 16:57
| 26 June 2018 |
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 686,274 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 1,208,333 Ordinary Shares at a price of 1.4 pence per share. The aggregate gross proceeds of these exercises receivable by the Company amount to £29,612.73.
Following the warrant exercise, the outstanding warrants over Ordinary Shares are as follows:
Number of Ordinary Shares | Exercise Price | Expiry Date |
7,212,500 | 1.4p | 31 July 2018 |
51,294,234 | 1.1p | 16 May 2019* |
20,474,661 | 1.85p | 16 October 2019 |
9,230,180 | 1.2p | 31 July 2020 |
*32,305,630 of these warrants are held by the Directors of the Company
The Company has made application for the 1,894,607 new Ordinary Shares, to be issued and allotted as a result of the warrant exercises set out above, to be admitted to trading on AIM. Admission is expected to occur at 8.00 a.m. on 2 July 2018. The 1,894,607 new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Total Voting Rights
For the purpose of the Disclosure and Transparency Rules, following the admission of 1,894,607 new Ordinary Shares, the Company's total issued ordinary share capital will consist of 1,291,458,095 Ordinary Shares. The Company does not hold any shares in treasury. 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 plc
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Anthony Matchett, Executive Chairman & CEO | Tel: +44 (0) 203 289 7430 |
Sebastian Theron, Chief Financial Officer
Investec Bank plc: Nominated Adviser, Financial Adviser and Corporate Broker
Corporate Finance: David Anderson / Junya Iwamoto
Corporate Broking: Sara Hale / Helene Comitis
| www.evrholdings.com
Tel: +44 (0) 207 597 5970
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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. 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 and www.melodyvr.com