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Market Cap: £80.89m
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Issue of Equity

8 Oct 2015 08:45

RNS Number : 6432B
Gaming Realms PLC
08 October 2015
 

Gaming Realms Plc

 

("Gaming Realms," the "Company" or the "Group")

 

 

Issue of Equity

 

 

Gaming Realms plc announces that pursuant to the acquisition of BlueBurra Holdings ("BlueBurra") announced on 19 August 2014, BlueBurra has met certain key financial and strategic milestones since its acquisition and the first earn-out conditions have been satisfied. As a result the Company has allotted 4,137,225 ordinary shares of 10 pence each ("Ordinary Shares") to satisfy the £1,355,000 share element of vendor consideration due to the former shareholders of BlueBurra (the "Consideration Shares"). The remainder of this first instalment has been satisfied by the payment of £1.25 million in cash to the former shareholders.

 

The number of Consideration Shares to be issued has been calculated based upon the average of the middle market quotations in the three month period ending on the date immediately prior to the Company's date of the notice of the annual general meeting held on 11 May 2015 being approximately 33 pence per Consideration Share.

 

All former BlueBurra shareholders who are issued the Consideration Shares will be subject to lock-up agreements pursuant to which they will not be able to sell such shares (subject to customary carve-outs) until 9 April 2017.

An application has been made for the admission of the 4,137,225 Consideration Shares and it is expected that Admission will occur on 9 October 2015.

 

Following the Admission, the total number of Ordinary Shares in the Company with voting rights admitted to trading on AIM will be 249,208,292. The Consideration Shares will rank pari passu in all respects with the Company's existing shares in issue. The Company does not hold any Ordinary Shares in Treasury.

 

The above figure of 249,208,292 Ordinary Shares may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

- Ends -

 

 

Gaming Realms Group

Patrick Southon, CEO

c/o Bell Pottinger

 

+44 (0) 20 3772 2500

Cenkos Securities (Nomad and Broker)

Max Hartley (Nomad),

Julian Morse (Sales)

 

+44 (0) 20 7397 8900

Bell Pottinger

Olly Scott

James Newman

+44 (0) 20 3772 2500

 

 

About Gaming Realms

 

Gaming Realms Limited is an online gaming business formed in 2012 to develop a new generation of social bingo and slot machine gaming concepts.

 

Gaming Realms was founded by the team behind Cashcade, which created the leading online bingo brand, Foxy Bingo, in addition to other online bingo and casino games. The success of Cashcade culminated in its sale to bwin.party digital entertainment plc for a total consideration of approximately £96 million in 2009.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEPKFDNOBDKFKK
Date   Source Headline
26th Feb 20075:10 pmRNSExercise of Options
20th Feb 20072:36 pmRNSHolding(s) in Company
20th Feb 20072:33 pmRNSTotal Voting Rights
19th Feb 20077:00 amPRNGM Provides Update on Accounting Issues
14th Feb 200711:47 amRNSResult of EGM
12th Feb 20073:03 pmRNSBoard Change
2nd Feb 20077:00 amPRNGM January Sales
23rd Jan 200710:15 amRNSFurther re EGM
22nd Jan 20077:01 amRNSNotice of EGM
4th Jan 20077:00 amPRNGM December Sales
22nd Dec 200612:00 pmRNSTotal Voting Rights
20th Dec 20068:00 amRNSChange of Adviser
18th Dec 20061:15 pmPRNAdditional Listing
7th Dec 20067:01 amRNSFinal Results
4th Dec 20067:00 amPRNGM November Sales
28th Nov 20064:09 pmRNSNotice of Results
28th Nov 20062:21 pmRNSHolding(s) in Company
2nd Nov 20067:00 amPRNGM October Sales
25th Oct 200612:23 pmPRN3rd Quarter Results
12th Oct 20069:25 amRNSHolding(s) in Company
11th Oct 20063:52 pmRNSHolding(s) in Company
11th Oct 20061:17 pmRNSHolding(s) in Company
9th Oct 20064:10 pmRNSHolding(s) in Company
9th Oct 20064:09 pmRNSHolding(s) in Company
6th Oct 20062:36 pmPRNHolding(s) in Company
6th Oct 20062:35 pmPRNDirector/PDMR Shareholding
6th Oct 20062:33 pmPRNDirector/PDMR Shareholding
6th Oct 20067:01 amRNSPre-Close Trading Update
4th Oct 20067:00 amPRNGM Board Amends Bylaws
4th Oct 20067:00 amPRNGM September Sales
22nd Sep 20068:54 amRNSSecond Tyco Update
19th Sep 20063:40 pmRNSHolding(s) in Company
13th Sep 20061:28 pmPRNHolding(s) in Company
8th Sep 20067:01 amRNSManagement Changes
2nd Aug 20063:15 pmRNSHolding(s) in Company
2nd Aug 20067:00 amPRNGM Revises Reported Second Quarter Financial Results
2nd Aug 20067:00 amPRNDividend Declaration
28th Jul 20068:56 amRNSTyco Update
26th Jul 200612:30 pmPRNInterim Results
5th Jul 200611:54 amRNSAdditional Listing
4th Jul 20062:38 pmRNSBrewing Development Update
4th Jul 20067:00 amPRNGM June Sales
3rd Jul 20063:34 pmRNSSubsidiary's Contract Win
30th Jun 20063:46 pmPRNStatement re: Tracinda Filing
20th Jun 20064:17 pmPRNStatement re: GM Plans to Amend Credit Facility
16th Jun 20069:04 amRNSHolding(s) in Company
13th Jun 20067:01 amRNSInterim Results
2nd Jun 20067:00 amPRNGM Sales
25th May 20067:00 amRNSNotice of Results
17th May 20064:17 pmPRNRestructure Proposals

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