Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGaming Realms Regulatory News (GMR)

Share Price Information for Gaming Realms (GMR)

Share Price is delayed by 15 minutes
Get Live Data
32.40    0.20 (0.62%)
Bid:
31.10
Ask:
32.40
Spread: 1.30 (4.18%)
Market Cap: £88.67m
GMR Live PriceLast checked at - London Stock Exchange

Intraday Gaming Realms Share Chart

Subscription

29 Jul 2016 16:33

RNS Number : 7376F
Gaming Realms PLC
29 July 2016
 

 

Gaming Realms Plc

 

("Gaming Realms", the "Company" or the "Group")

 

Subscription to raise £2,500,000

 

Gaming Realms, the creator and publisher of mobile real money and social games, is pleased to announce that it has conditionally raised approximately £2,500,000 before expenses, through a subscription of 12,500,000 new ordinary shares of 10 pence each with a number of investors ("Subscription Shares") at a price of 20 pence per share (the "Subscription Price") ("the Subscription"). The Subscription will represent 4.56% of the Company's enlarged share capital.

 

The net proceeds of the Subscription will be used in part payment of the first deferred consideration due to RealNetworks Inc. ("RealNetworks") of $4,000,000, following the Group's acquisition of various assets from RealNetworks on 10 August 2015, with the balance being paid from the Company's existing cash resources.

 

Applications for admission of the Subscription Shares will be made to AIM. It is expected that admission of 10,750,000 Subscription Shares, which have today been allotted, will become effective on or around 4 August 2016 ("First Admission"). Application for admission the remaining 1,750,000 Subscription Shares will be made in due course, once these shares have been allotted, and admission of these shares is expected to become effective by no later than 31 August 2016 ("Second Admission"). A further announcement will be made in due course with respect to Second Admission.

The Subscription Shares will be issued credited as 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 First Admission, Gaming Realms' total shares in issue will be 272,383,292 ordinary shares of 10 pence each. 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 AIM Disclosure and Transparency Rules.

 

This announcement contains inside information.

 

Contacts:

 

Gaming Realms

Patrick Southon, CEO

Mark Segal, FD

 

 0845 123 3773

Cenkos Securities (Nomad and Broker)

Max Hartley (Nomad)

Julian Morse (Broker)

 

+44 (0) 20 7397 8900

 

Yellow Jersey PR

Charles Goodwin

Aidan Stanley

+44 (0) 7747 788 221

 

 

About Gaming Realms

 

Gaming Realms creates and publishes innovative real money and social games for mobile, with operations in the UK and U.S. Through its market leading mobile platform and unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and growth executives from a wide range of leading gaming and media companies.

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEASXNAANKEFF
Date   Source Headline
10th Aug 20154:35 pmRNSResult of General Meeting
3rd Aug 201512:38 pmRNSDirector/PDMR Shareholding
27th Jul 20154:39 pmRNSDirector/PDMR Shareholding
24th Jul 20157:00 amRNSAcquisition
30th Jun 201511:06 amRNSAnnual Financial Report
4th Jun 20154:00 pmRNSResult of AGM
11th May 20158:09 amRNSNotice of AGM
22nd Apr 20157:00 amRNSPreliminary Results
9th Apr 201511:55 amRNSDisposal of Bingo Godz and CastleJackpot Assets
23rd Mar 20159:00 amRNSTrading Update
20th Feb 20157:00 amRNSHolding(s) in Company
12th Dec 20144:32 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
12th Dec 20142:19 pmRNSSubscription
5th Dec 201411:12 amRNSProposed subscription to raise £2.2 million
4th Dec 20147:00 amRNSInterim Results
1st Oct 20147:00 amRNSIssue of Equity
5th Sep 20144:08 pmRNSCompletion of Acquisition
4th Sep 20144:15 pmRNSResult of General Meeting
19th Aug 20147:00 amRNSProposed Acquisition and Placing
14th Jul 20147:00 amRNSAwarding of Alderney Licence
9th Jul 20144:35 pmRNSPrice Monitoring Extension
3rd Jul 20147:00 amRNSGrant of Share Options
16th Jun 20147:00 amRNSHalf Yearly Report
13th May 20147:00 amRNSAppointment of Non-Executive Director
10th Apr 201411:13 amRNSDirector/PDMR Shareholding
3rd Apr 20144:24 pmRNSHolding(s) in Company
20th Mar 20144:30 pmRNSResult of AGM
20th Mar 20144:02 pmRNSIssue of Equity
27th Feb 20147:00 amRNSAnnual General Meeting and 2013 Annual Report
19th Feb 20147:00 amRNSPreliminary Results
11th Dec 20137:00 amRNSAcquisition and Placing
12th Sep 20135:51 pmRNSHolding(s) in Company
4th Sep 20135:09 pmRNSHolding(s) in Company
29th Aug 20134:29 pmRNSDirector/PDMR Shareholding
31st Jul 20132:04 pmRNSCompletion of reverse takeover
15th Jul 20137:30 amRNSRestoration - Pursuit Dynamics Plc
15th Jul 20137:30 amRNSSchedule 1 - Pursuit Dynamics Plc
15th Jul 20137:00 amRNSProposed Reverse Takeover
2nd Jul 20137:30 amRNSSuspension - Pursuit Dynamics Plc
2nd Jul 20137:00 amRNSStatement re: Suspension
19th Jun 20137:00 amRNSSale of Atomiser Patent Rights
24th May 201311:18 amRNSHalf Yearly Report
1st May 20132:32 pmRNSSale of the Food, Beverage and Brewing Business
26th Apr 201312:24 pmRNSStatement re. Press Comment
28th Mar 20133:35 pmRNSHolding(s) in Company
28th Mar 201311:42 amRNSResult of AGM
14th Mar 20135:39 pmRNSHolding(s) in Company
26th Feb 20134:40 pmRNSSecond Price Monitoring Extn
26th Feb 20134:35 pmRNSPrice Monitoring Extension
26th Feb 20133:47 pmRNSFinal Results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.