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Exercise of Warrants

25 Jan 2018 18:03

RNS Number : 9839C
EVR Holdings PLC
25 January 2018
 

 

 

 

25 January 2018

 

EVR Holdings plc

('EVR' or the 'Company')

 

Exercise of Warrants and Issue of Shares

 

EVR Holdings plc (AIM: EVRH), one of the leading creators of virtual reality content, announces that it has received notice of exercise of warrants over 37,083 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 1.4 pence per share. The gross proceeds of this exercise, amounts to £519.16.

 

Following the warrant exercise, the number of warrants outstanding is as follows:

 Number

Exercise Price

Expiry Date

14,932,042

1.4p

31 July 2018

51,294,234

1.1p

16 May 2019*

21,561,866

1.85p

16 October 2019

9,230,180

1.2p

31 July 2020

 

*32,305,630 of these warrants are held by the EVRH board of directors

 

The Company has made application for the 37,083 new Ordinary Shares, to be issued and allotted as a result of the warrant exercises set out above, be admitted to trading on AIM. Admission is expected to occur at 8.00 a.m. on 31 January 2018. The 37,083 new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

 

For the purpose of the Disclosure and Transparency Rules, following the admission of 37,083 new Ordinary Shares, the Company's total issued ordinary share capital will consist of 1,157,651,348 Ordinary Shares. This 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, the Company under the Disclosure and Transparency Rules.

 

- Ends -

 

For further information:

EVR Holdings plc

Anthony Matchett, Chief Executive Officer

Tel: +44 (0)20 3289 7430

www.evrholdings.com

Zeus Capital Limited (Nominated Adviser and Broker)

Andrew Jones

Tel: +44 (0) 203 829 5000

www.zeuscapital.co.uk

 

 

Notes to Editors:

 

MelodyVR

MelodyVR is a wholly owned subsidiary of EVR Holdings plc ('EVR'), a company that is listed on the AIM market of the London Stock Exchange under the ticker EVRH.L. EVR, a creator of virtual reality content, joined AIM on 16 May 2016 following a reverse takeover of Armstrong Ventures plc. Further information can be viewed at www.evrholdings.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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