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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
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
18th Jan 200511:13 amPRNHolding(s) in Company
14th Jan 20057:00 amPRNAnalysts meeting
13th Jan 20053:51 pmPRNGMAC Restructure Proposals
12th Jan 20057:00 amRNSProduct Launch
5th Jan 20057:00 amPRNGM December Sales
4th Jan 20052:58 pmPRNAdditional Listing

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