24 Dec 2020 10:25
24 December 2020
MelodyVR Group Plc
("MelodyVR Group" or the "Company")
Result of General Meeting and Issue of Equity
MelodyVR Group, one of the leading creators of virtual reality content, announces that at the General Meeting held today all resolutions were duly passed.
Admission and Issue of Equity
Application has been made for the admission of the Enlarged Share Capital to trading on AIM, which is expected to become effective and dealings commence at 8.00 a.m. on 29 December 2020.
In addition, a total of 4,666,666 new ordinary shares (the "Adviser Fee Shares") will be issued as non-cash consideration at the Issue Price in lieu of fees due to Arden in connection with the readmission. Application has been made for the admission of the Adviser Fee Shares to trading on AIM, which is expected to become effective and dealings commence at 8.00 a.m. on 30 December 2020.
Directors' participation in the Subscription
As announced on 9 December 2020, Anthony Matchett (Chief Executive Officer), Steven Hancock (Chief Relationship Officer) and Grant Dollens (Non-Executive Director) agreed to subscribe for in aggregate 26,619,279 Ordinary Shares at the Issue Price. The number of Ordinary Shares subscribed for by Anthony Matchett, Steven Hancock and Grant Dollens pursuant to the Subscription, and their resulting shareholding on Admission, are set out below:
Name | Number of Existing Ordinary Shares at the date of this document | % of the Existing Ordinary Share Capital | Number of New Ordinary Shares Subscribed for | Number of New Ordinary Shares on Admission | % of Enlarged Ordinary Share Capital |
Anthony Matchett | 155,149,463 | 7.5 | 3,333,333 | 158,482,796 | 6.4 |
Steven Hancock | 117,550,803 | 5.7 | 3,333,333 | 120,884,136 | 4.9 |
Grant Dollens | 101,664,112 | 4.9 | 19,952,613 | 121,616,725 | 4.9 |
Total Voting Rights
Following Admission the Company's total number of Ordinary Shares will be 2,463,195,763, and there are no shares held in treasury. The total number of shares with voting rights in the Company will be 2,463,195,763.
The above figure 2,463,195,763 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, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Following admission of the Adviser Fee Shares on 30 December 2020, the Company's total number of Ordinary Shares will be 2,467,862,429, and there are no shares held in treasury. The total number of shares with voting rights in the Company will be 2,467,862,429.
The above figure 2,467,862,429 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, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Unless otherwise defined, capitalised terms used in this announcement are as defined in the Admission Document.
For further information, please contact:
MelodyVR Group PLC | |
Anthony Matchett , Executive Chairman & CEO
| www.melodyVR.group
|
Arden Partners plc: Nominated Adviser and Broker Corporate Finance: Ruari McGirr / Benjamin Cryer / Daniel Gee-Summons Corporate Broking: Simon Johnson
|
Tel: +44 (0) 20 7614 5900
|
The notifications below are made in accordance with the requirements of the EU regulation on market abuse.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||
a) | Name | 1. Anthony Matchett 2. Steven Hancock 3. Grant Dollens | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | 1. Chief Executive Officer 2. Chief Relationship Officer 3. Non-Executive Director | ||||||||||||
b) | Initial notification/Amendment | Initial notification | ||||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
a) | Name |
| ||||||||||||
b) | LEI | 213800B2AKGQC3D2R751 | ||||||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||||||
a) | Description of the financial instrument, type of instrument
Identification code |
| ||||||||||||
b) | Nature of the transaction | Subscription for Ordinary Shares | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information
| N/A | ||||||||||||
e) | Date of the transaction | 24 December 2020 | ||||||||||||
f) | Place of the transaction | London Stock Exchange | ||||||||||||