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Pin to quick picksGaming Realms Regulatory News (GMR)

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Proposed subscription to raise £1.1 million

8 Aug 2017 07:00

RNS Number : 3382N
Gaming Realms PLC
08 August 2017
 

Gaming Realms plc

(the "Company" or the "Group")

Proposed Subscription of 10,295,455 new Ordinary Shares at 11 pence per share to raise £1,132,500

and

Directors' Dealings

 

Gaming Realms plc (GMR.L), the developer, publisher and licensor of mobile real money and social games, is pleased to announce that it has conditionally raised £1,132,500 (before expenses) from a number of investors, through a conditional subscription of 10,295,455 new ordinary shares of 10 pence each ("Ordinary Shares") in the capital of the Company ("Subscription Shares") at a price of 11 pence per Subscription Share (the "Subscription Price") (the "Subscription").

The Subscription Shares represent approximately 3.8 per cent. of the existing issued share capital of the Company.

The proceeds of the Subscription will be used to increase unique game creation to enhance the game library for both our real money gaming platform and licensing the content on our remote game server.

As part of the proposed Subscription certain directors of the Company (the "Subscribing Directors") have agreed to subscribe, in aggregate, for 1,863,636 Subscription Shares at the Subscription Price. The resulting holdings of the Subscribing Directors following admission of the Subscription Shares are set out below:

Director

Subscription Shares

Ordinary Shares held post Subscription

% of enlarged share capital post Subscription

Michael Buckley

1,000,000

23,000,000

8.09%

Patrick Southon

681,818

12,417,319

4.37%

Simon Collins

181,818

10,806,742

3.80%

 

Application for admission of the Subscription Shares will be made to AIM and it is expected that Admission will become effective on or around 14 August 2017 and that dealings in the Subscription Shares will commence at that time ("Admission"). The Subscription is conditional, inter alia, on Admission becoming effective.

The Subscription Shares, when issued, will be fully paid and will rank in full for all dividends and other distributions declared, made or paid after Admission, and will otherwise rank on Admission pari passu in all respects with the existing Ordinary Shares. The Subscription Shares are not, and will not, be offered or sold in any jurisdiction where it would be unlawful to do so.

 

Total Voting Rights

 

Following Admission, Gaming Realms' total shares in issue will be 284,428,747 Ordinary Shares. Gaming Realms holds no Ordinary Shares in Treasury. The above 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, Gaming Realms under the Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Contacts:

Gaming Realms Plc

Patrick Southon, CEO

 

0845 123 3773

Peel Hunt LLP

Dan Webster / Adrian Trimmings / George Sellar

020 7418 8900

Instinctif Partners

Matthew Smallwood

020 7457 2020

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPRMLTMBJMBBR
Date   Source Headline
16th Sep 20091:54 pmRNSTotal Voting Rights
10th Sep 20098:00 amRNSNotice of General Meeting
9th Sep 200912:20 pmRNSDirector/PDMR Shareholding
9th Sep 20097:00 amRNSProposed Placing
1st Sep 20097:00 amRNSAppointment of new CEO
27th Aug 20097:00 amRNSAppointment of Broker
26th Aug 20099:00 amRNSExercise of Options
24th Aug 20099:00 amRNSExercise of Options
14th Jul 20093:27 pmRNSGrant of Options
30th Jun 20097:00 amRNSInterim Results 2009
23rd Jun 20094:40 pmRNSSecond Price Monitoring Extn
23rd Jun 20094:35 pmRNSPrice Monitoring Extension
8th Jun 20093:21 pmRNSNotice of Results
4th Jun 20094:28 pmRNSHolding(s) in Company
21st May 200910:16 amRNSIBEC Update
20th May 200910:49 amRNSHolding(s) in Company
6th May 20092:58 pmRNSHolding(s) in Company
3rd Apr 20091:44 pmRNSIBEC Update
27th Mar 20091:47 pmRNSResult of AGM
27th Mar 20097:00 amRNSAGM Statement
24th Mar 20095:07 pmRNSAnnual Report and Accounts
20th Mar 200910:43 amRNSHolding(s) in Company
12th Jan 20094:40 pmRNSSecond Price Monitoring Extn
12th Jan 20094:35 pmRNSPrice Monitoring Extension
15th Dec 20084:33 pmRNSDirectors Dealings Replacement
15th Dec 200812:07 pmRNSDirectors Dealings
11th Dec 20087:00 amRNSPreliminary Results
4th Dec 20087:00 amRNSNew contract signed
14th Oct 20087:00 amRNSPre-Close Trading Update
8th Oct 200810:35 amRNSHolding(s) in Company
2nd Oct 20087:00 amRNSLetter Of Intent Signed With Babcock & Brown
26th Sep 200811:25 amRNSHolding(s) in Company
19th Sep 200812:03 pmRNSHolding(s) in Company
16th Sep 20084:35 pmRNSPrice Monitoring Extension
16th Sep 20089:33 amRNSDirector/PDMR Shareholding
2nd Sep 20084:13 pmRNSExercise of Options
13th Aug 20082:04 pmRNSGrant of Options
5th Aug 20083:50 pmRNSHolding(s) in Company
4th Aug 20085:04 pmRNSDirectorate Change
31st Jul 200811:11 amRNSExercise Of Options
28th Jul 200811:53 amRNSHolding(s) in Company
8th Jul 20083:49 pmRNSExercise Of Options
4th Jul 200810:43 amRNSStatement re. Press Comment
1st Jul 200811:48 amRNSDirector/PDMR Shareholding
30th Jun 20084:49 pmRNSDirector Dealings - Chairman
30th Jun 20087:00 amRNSInterim Results
25th Jun 200812:38 pmRNSNotice of Results
16th Jun 20087:00 amRNSEADS Deutschland License Agre
4th Jun 200812:19 pmRNSFireMist Launch
1st May 20086:21 pmRNSHolding(s) in Company

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