Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMVR.L Regulatory News (MVR)

  • There is currently no data for MVR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Schedule One - MelodyVR Group PLC

11 Dec 2020 08:00

RNS Number : 2904I
AIM
11 December 2020
 

 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

MelodyVR Group PLC

 

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

55 Poland Street, London, England, W1F 7NN

 

COUNTRY OF INCORPORATION:

England

 

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

https://melodyvr.group/

 

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Admission is sought as a result of a reverse take-over under rule 14 by MelodyVR Group of Rhapsody International, trading as Napster.

 

Upon completion of the transaction, Napster will be a wholly-owned subsidiary of MelodyVR Group. The enlarged group will combine the service offerings of MelodyVR and Napster, offering music fans a consolidation of music artist's repertoires including recorded music, short form video content, long form video content, digitally ticketed live streams, educational videos and immersive AR/VR content, into one premium subscription product. The Company's service will be available in a new app which, once launched, will be made available across multiple devices, including smartphones, tablets, smart TV's, consoles and VR devices, as well as providing audio only offerings for in-car and connected home devices such as Sonos and Amazon Echo. The company will be headquartered in the UK with operations in the US and Europe.

 

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Number of ordinary shares of 1 pence each in nominal value ("Ordinary Shares") for which Admission will be sought: 2,463,195,763

 

Subscription price per Ordinary Share: 3.75 pence

 

The are no restrictions as to the transferability of the Ordinary Shares and no Ordinary Shares will be held in treasury.

 

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised on admission: $10.1 million

 

Anticipated market capitalisation on admission: £92.4 million, based on an issue price of 3.75p

 

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

26.3 per cent.

 

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

N/A

 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

 

Simon Cole - Non-executive Chairman

Anthony Matchett - Chief Executive Office

Steven Hancock - Chief Relationship Officer

Grant Dollens - Non-executive Director

Andrew Botha - Non-executive Director

Lansing Davis - Non-executive Director (expected to be appointed following Admission, subject to satisfactory completion of Nomad checks)

 

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

 

Before Admission

 

 

After Admission

 

Name

Number of Ordinary Shares

% of Ordinary Share Capital

Number of Ordinary Shares

% of Ordinary Share Capital

Davis Capital Partners LLC

249,171,192

12.1

249,171,192

10.1

Anthony Matchett

155,149,463

7.5

158,482,796

6.4

Tellworth Investments

120,912,929

5.9

120,912,929

4.9

J Gore Bahamas Limited

120,108,152

5.8

120,108,152

4.9

Steven Hancock

117,550,803

5.7

120,884,136

4.9

Grant Dollans

101,664,112

4.9

121,616,725

4.9

Ross Creek Capital Management

70,445,828

3.4

70,445,828

2.9

Invesco Oppenheimer Global Opportunities Funds

68,750,000

3.3

68,750,000

2.8

Real Networks Digital Music of California Inc.

nil

nil

200,000,000

8.1

 

 

 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

n/a

 

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

 

i) 31 December

ii) 30 June 2020

iii) Audited results the year ended 31 December 2020 by 30 June 2021

iii) Unaudited results for the six months to 30 June 2021 by 30 September 2021

iii) Audited results for the year ended 31 December 2021 by 30 June 2022

 

EXPECTED ADMISSION DATE:

29 December 2020

 

NAME AND ADDRESS OF NOMINATED ADVISER:

Arden Partners Plc

125 Old Broad Street

London

EC2N 1AR

 

NAME AND ADDRESS OF BROKER:

Arden Partners Plc

125 Old Broad Street

London

EC2N 1AR

 

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

A copy of the admission document containing full details about the applicant and the admission of its securities is available on the Company's website, www.melodyVR.group

 

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

The Company has adopted the Quoted Companies Alliance's Corporate Governance Code

 

DATE OF NOTIFICATION:

11 December 2020

 

NEW/ UPDATE:

New

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
PAABLBDDLSBDGGG
12
Date   Source Headline
8th Mar 20217:00 amRNSUpdate on Name Change and Change of TIDM
1st Mar 20213:35 pmRNSUpdate on Name Change to Napster Group PLC
25th Feb 20212:19 pmRNSResult of General Meeting and Change of Name
19th Feb 20212:20 pmRNSConversion of Loan Notes and Issue of Equity
9th Feb 20219:45 amRNSResult of PrimaryBid Offer
8th Feb 20214:32 pmRNSPrimaryBid.com Offer
8th Feb 20214:31 pmRNSIssue of Convertible Loan Notes
8th Feb 20217:00 amRNSSingtel partnership launched in Singapore
4th Feb 202111:05 amRNSSecond Price Monitoring Extn
4th Feb 202111:00 amRNSPrice Monitoring Extension
3rd Feb 20212:00 pmRNSNotice of General Meeting, Proposed Name Change
2nd Feb 20217:00 amRNSNapster B2B Contract Renewals and Platform Metrics
29th Dec 20207:01 amRNSAdditional Shares issued and Acquisition completed
29th Dec 20207:00 amRNSDirector/PDMR Shareholding
24th Dec 202010:25 amRNSResult of Meeting and Issue of Equity
23rd Dec 20202:06 pmRNSSecond Price Monitoring Extn
23rd Dec 20202:01 pmRNSPrice Monitoring Extension
23rd Dec 202012:00 pmRNSLaunch into Asia via exclusive Singtel partnership
11th Dec 20208:00 amRNSSchedule One - MelodyVR Group PLC
9th Dec 20207:30 amRNSRestoration - MelodyVR Group PLC
9th Dec 20207:00 amRNSPublication of Admission Document
13th Nov 20202:00 pmRNSNapster expands partnership with Sonos
11th Nov 20209:00 amRNSGlobal exclusive with Liam Gallagher
30th Oct 20207:00 amRNSHalf-year Report
30th Sep 20207:00 amRNSInterim Results Publication Date
3rd Sep 20201:56 pmRNSHolding(s) in Company
25th Aug 20205:00 pmRNSConfirmation of successful fundraise
25th Aug 202010:21 amRNSAccelerated bookbuild and direct subscription
25th Aug 20207:30 amRNSSuspension - MelodyVR Group PLC
25th Aug 20207:00 amRNSAcquisition of Rhapsody International, Inc.
3rd Aug 20207:00 amRNSIssue of Equity
30th Jul 20204:41 pmRNSSecond Price Monitoring Extn
30th Jul 20204:36 pmRNSPrice Monitoring Extension
13th Jul 202011:00 amRNSPrice Monitoring Extension
8th Jul 20202:05 pmRNSSecond Price Monitoring Extn
8th Jul 20202:00 pmRNSPrice Monitoring Extension
8th Jul 202011:05 amRNSSecond Price Monitoring Extn
8th Jul 202011:00 amRNSPrice Monitoring Extension
8th Jul 20209:06 amRNSSecond Price Monitoring Extn
8th Jul 20209:00 amRNSPrice Monitoring Extension
8th Jul 20207:00 amRNSLive Nation Partnership
30th Jun 20202:05 pmRNSSecond Price Monitoring Extn
30th Jun 20202:00 pmRNSPrice Monitoring Extension
30th Jun 202012:05 pmRNSFinal Results
26th Jun 20204:41 pmRNSSecond Price Monitoring Extn
26th Jun 20204:35 pmRNSPrice Monitoring Extension
26th Jun 20202:06 pmRNSSecond Price Monitoring Extn
26th Jun 20202:00 pmRNSPrice Monitoring Extension
26th Jun 202011:06 amRNSSecond Price Monitoring Extn
26th Jun 202011:00 amRNSPrice Monitoring Extension
12

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.