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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
 
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IOEPKFDNOBDKFKK
Date   Source Headline
6th Oct 200511:02 amRNSAdditional Listing
5th Oct 20051:40 pmPRNDisposal
4th Oct 20056:00 amPRNGM September Sales
3rd Oct 20057:00 amRNSUS Distribution Partner
12th Sep 20059:19 amRNSHolding(s) in Company
5th Sep 20057:00 amRNSFirst US Licence
2nd Sep 20056:00 amPRNGM August Sales
19th Aug 20056:00 amPRNNew Licensee
3rd Aug 20051:32 pmPRNGMAC Sells Stake
3rd Aug 20056:00 amPRNGM July Sales
2nd Aug 20054:32 pmPRNDividend Declaration
29th Jul 20056:00 amPRNLicensee
26th Jul 20056:00 amPRNDistribution Partner
26th Jul 20056:00 amPRNLicensee
20th Jul 200512:33 pmPRNInterim Results
14th Jul 20056:00 amPRNAdditional Listing
4th Jul 20056:00 amPRNGM June Sales
1st Jul 20056:00 amPRNAdditional Listing
1st Jul 20056:00 amPRNRE GMAC Financial Announcement
29th Jun 20056:00 amPRNDirector Shareholding
7th Jun 20051:31 pmPRNDirector Shareholding
7th Jun 20051:30 pmPRNAGM Statement
7th Jun 20056:00 amPRNInterim Results
2nd Jun 20056:01 amPRNGM May Sales
31st May 200511:47 amPRNHolding(s) in Company
24th May 20056:00 amPRNLicensee
20th May 20056:00 amPRNTender Offer
17th May 200511:08 amPRNLicensee
16th May 20057:21 amPRNCorrection : Fiat and GM Sign Separation Agreement
13th May 20053:42 pmPRNFiat and GM Sign Separation
10th May 20056:01 amPRNDividend Declaration
9th May 20053:37 pmPRNTender Offer
9th May 200511:11 amPRNAppointment of Non-Executive Chairman
5th May 20056:00 amPRNShareholder Activity
4th May 20056:01 amPRNGM April Sales
3rd May 20056:00 amPRNGM Annual Stockholders Meeting
25th Apr 20056:00 amPRNDirectorate Change
19th Apr 200512:14 pmPRNGM First Quarter Results
4th Apr 20052:34 pmPRNGM Exec. Changes
4th Apr 20056:00 amPRNGM March Sales
16th Mar 20052:35 pmPRNResult of AGM
16th Mar 200512:50 pmPRNGM Revises Earnings Outlook
15th Mar 20057:00 amPRNAGM Statement
2nd Mar 20057:00 amPRNGM February Sales
1st Mar 20053:50 pmPRNGM Organizational Changes
14th Feb 20057:00 amPRNGM, Fiat Reach Settlement Agreement
7th Feb 20057:00 amPRNFinal Results
2nd Feb 20057:00 amPRNGM January Sales
2nd Feb 20057:00 amPRNDividend Declaration
19th Jan 20051:45 pmPRNFinal Results

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