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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
3rd Feb 20064:28 pmRNSHolding(s) in Company
2nd Feb 20067:00 amPRNGM January Sales
1st Feb 200610:14 amRNSDirector/PDMR Shareholding
27th Jan 20067:01 amRNSAGM Statement
26th Jan 20061:37 pmPRNFinal Results
17th Jan 20069:09 amRNSHolding(s) in Company
13th Jan 20062:27 pmPRNResult of Meeting
4th Jan 20067:00 amRNSAdditional Listing
15th Dec 20054:36 pmRNSDirector/PDMR Shareholding
15th Dec 200512:19 pmRNSDirector/PDMR Shareholding
15th Dec 20058:17 amRNSGrant of Global Licence
2nd Dec 20057:05 amPRNGM November Sales
25th Nov 20057:00 amRNS3rd US distributor appointed
16th Nov 20059:20 amRNSHolding(s) in Company
15th Nov 20052:54 pmRNSHolding(s) in Company
11th Nov 20053:41 pmRNSFinal Results
11th Nov 20053:41 pmRNSPlacing
10th Nov 20058:25 amRNSRe Contract
3rd Nov 200510:18 amRNSHolding(s) in Company
2nd Nov 20057:00 amPRNGM October sales
31st Oct 20053:24 pmPRNDividend Declaration
31st Oct 20057:01 amPRNRe Joint Venture
31st Oct 20057:00 amRNSTrading Statement
17th Oct 20051:56 pmPRN3rd Quarter Results
17th Oct 20051:36 pmPRNGM UAW Health Care Agreement
17th Oct 20057:00 amRNSContinental European Licence
11th Oct 200510:06 amRNSFirst Repeat Order Won
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

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