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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
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 September Sales
4th Oct 20067:00 amPRNGM Board Amends Bylaws
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
9th May 20067:00 amPRNGM Finalizes First-Quarter Results
5th May 200611:21 amRNSAdditional Listing
3rd May 20067:00 amPRNGM April Sales
20th Apr 20061:02 pmPRN1st Quarter Results
11th Apr 20062:47 pmPRNDisposal
5th Apr 20063:11 pmRNSHolding(s) in Company
4th Apr 20067:00 amPRNGM March Sales
3rd Apr 200612:31 pmPRNRe Agreement
31st Mar 20063:46 pmPRNDelphi Court Motions
29th Mar 20067:00 amPRNGM Annual Report and Accounts
22nd Mar 20067:00 amRNSAcquisition
17th Mar 20067:00 amPRNGM Final Results
15th Mar 20062:12 pmRNSDirector/PDMR Shareholding
8th Mar 20067:03 amRNSDirector/PDMR Shareholding
6th Mar 200611:08 amRNSHolding(s) in Company
6th Mar 20069:00 amPRNGM to Sell Equity Stake in Suzuki
3rd Mar 200610:44 amRNSHolding(s) in Company
2nd Mar 20068:48 amRNSHolding(s) in Company
2nd Mar 20067:00 amPRNGM February Sales
1st Mar 20067:01 amRNSHolding(s) in Company
10th Feb 200610:33 amRNSHolding(s) in Company
7th Feb 20061:47 pmPRNRestructure Proposals
7th Feb 20067:00 amPRNGM Directorate Change

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