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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
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
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

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