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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
15th Apr 20084:31 pmRNSHolding(s) in Company
11th Apr 20083:55 pmRNSDirectorate Change
9th Apr 200812:27 pmRNSShares In Issue
31st Mar 20087:01 amRNSProposed Placing
28th Mar 200812:49 pmRNSResult of AGM
28th Mar 200811:15 amRNSDirectorate Change
28th Mar 20087:02 amRNSAGM Statement
25th Mar 20085:45 pmRNSChange of AGM Venue
5th Mar 200811:48 amRNSExercise of Options
29th Feb 20087:01 amRNSSign First Bioethanol Plant
6th Feb 200811:00 amRNSHolding(s) in Company
30th Jan 20084:55 pmRNSHolding(s) in Company
30th Jan 200810:00 amRNSAnnual Report and Accounts
28th Jan 20083:14 pmRNSExercise of options
28th Jan 200811:26 amRNSHolding(s) in Company
14th Jan 200810:42 amRNSHolding(s) in Company
10th Jan 20087:01 amRNSBiofuels Update
3rd Jan 20085:53 pmRNSHolding(s) in Company
24th Dec 200711:46 amRNSHolding(s) in Company
21st Dec 20074:17 pmRNSIssue of Equity
19th Dec 20073:27 pmRNSHolding(s) in Company
19th Dec 20079:11 amRNSHolding(s) in Company
18th Dec 200711:31 amRNSDirector/PDMR Shareholding
18th Dec 200711:28 amRNSDirector/PDMR Shareholding
18th Dec 20077:01 amRNSContract Award
5th Dec 20079:46 amRNSDirector/PDMR Shareholding
27th Nov 20077:01 amRNSNon-Exec Director Appointed
27th Nov 20077:01 amRNSPreliminary Results
26th Nov 200710:18 amRNSNotice of Preliminary Results
7th Nov 200712:47 pmPRN3rd Quarter Results
18th Oct 20077:01 amRNSTrading Update
1st Oct 200712:27 pmRNSNon-exec director appointment
25th Sep 20079:46 amRNSExercise of Options
28th Aug 200710:20 amRNSHolding(s) in Company
20th Aug 20073:50 pmRNSDirector/PDMR Shareholding
15th Aug 200710:09 amRNSAIM Rule 26 Information
2nd Aug 20075:24 pmRNSHolding(s) in Company
2nd Aug 20077:04 amRNSFireMist Update
31st Jul 200712:54 pmPRNHalf-yearly Report
25th Jul 20074:35 pmRNSPrice Monitoring Extension
3rd Jul 200710:59 amRNSExercise of Options
21st Jun 20074:07 pmRNSHolding(s) in Company
11th Jun 20077:02 amRNSR&D Update - Bioethanol
11th Jun 20077:01 amRNSInterim Results
4th Jun 20077:00 amPRNGM May Sales
31st May 20078:00 amRNSNotice of Interim Results
30th May 20071:56 pmRNSHolding(s) in Company
23rd May 20072:54 pmRNSHolding(s) in Company
8th May 20077:02 amRNSLaunch of PDX Wort Heater
3rd May 20075:47 pmRNSDirectorate Change

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