Last checked at 31 Jul 2013 14:04
31 July 2013
Pursuit Dynamics PLC
("PDX" or the "Company')
Completion of reverse takeover of three businesses and fundraising of £3.4 million
Further to the announcement made on 15 July 2013, the Company is pleased to announce the passing of the resolution to approve the acquisition of three online social gaming and gambling businesses: Gaming Realms Limited, BeJig Limited and AlchemyBet Limited and placing to raise approximately £3.4 million and the passing of all other resolutions to approve the Proposals.
The change of name certificate has been received and the Company will begin trading under its new name of Gaming Realms plc (Ticker: GMR) with effect from 08:00 a.m. on 1 August 2013.
Following the passing of the resolutions today in relation to the Proposals, the Company's share capital will consist of 146,333,690 Ordinary Shares of 10p upon Admission. Following the Share Consolidation replacement share certificates will be despatched to those shareholders holding shares in certificated form by 15 August 2013 and CREST accounts will be credited with the New Ordinary Shares from 5 p.m. today.
The above figure (146,333,690) 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 FSA's Disclosure and Transparency Rules.
Definitions
The same definitions apply throughout this announcement as are applied in the Admission Document. The Admission Document was sent to Shareholders on 15 July 2013 and is available on the Company's website: www.pdx.biz.
For further information, please contact:
PDX | 01480 422 050 |
Dr Bernard Bulkin, Chairman
| |
Gaming Realms Michael Buckley / Patrick Southon | 0845 123 3773 |
Cenkos Securities plc |
020 7397 8900 |
Max Hartley / Ian Soanes |