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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
 
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MSCEASXNAANKEFF
Date   Source Headline
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 amPRNLicensee
26th Jul 20056:00 amPRNDistribution Partner
20th Jul 200512:33 pmPRNInterim Results
14th Jul 20056:00 amPRNAdditional Listing
4th Jul 20056:00 amPRNGM June Sales
1st Jul 20056:00 amPRNRE GMAC Financial Announcement
1st Jul 20056:00 amPRNAdditional Listing
29th Jun 20056:00 amPRNDirector Shareholding
7th Jun 20051:31 pmPRNDirector Shareholding
7th Jun 20051:30 pmPRNAGM Statement
7th Jun 20056:00 amPRNInterim Results
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

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