TIDMEVRH

RNS Number : 1661M

EVR Holdings PLC

11 October 2016

For Immediate Release 11 October 2016

EVR Holdings plc

('EVR' or the 'Company')

Admission of Shares and Director/PDMR Dealings

EVR Holdings plc (AIM: EVRH), one of the leading creators of virtual reality content, announces the following.

Allotment of Shares and Warrants

Following the passing of the resolutions at the general meeting held yesterday, the Company has allotted 200,000,005 Placing Shares and 5,232,805 Adviser Shares. The New Ordinary Shares were admitted to trading on AIM today.

Pursuant to the Placing the Company yesterday issued a total of 33,333,324 Warrants exercisable at 1.85p per share at any time on or before 16 October 2019.

Total Voting Rights

Following the admission to trading of the New Ordinary Shares, EVR has 925,678,320 ordinary shares in issue. The Company holds no shares in treasury. The total number of voting rights that may be used by shareholders in the Company as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules will therefore be 925,678,320. The New Ordinary Shares rank pari passu in all respects with the Company's existing ordinary shares.

Directors' shareholding

As announced on 20 September 2016, Steven Hancock and Sean Nicolson subscribed for 882,352 and 882,353 Placing Shares respectively pursuant to the Placing, and Peter Read's QNUP pension trustee subscribed for 1,470,588 Placing Shares pursuant to the Placing, in each case at the issue price of 1.7p. In addition, Warrants with an exercise price of 1.85p have been issued in the proportion of one warrant for every six shares subscribed in the Placing.

The resultant holdings of shares and warrants of those directors are as follows:

 
 Director         Shares        % of share    Warrants 
                                 capital(1) 
 S Nicolson(2)    6,587,561     0.62%         9,793,905 
 S Hancock        177,759,136   19.20%        11,684,783 
 P Read(3)        3,137,254     0.34%         9,891,944 
 

1. Based on the enlarged share capital following the allotment of the New Ordinary Shares.

2. 833,333 of these shares are held by Mr Nicolson's wife. 281,862 of these warrants are also held by his wife.

3. All of Mr Read's shares are held by his pension fund, Agility QNUPS BBRQN20382 (a trust of which Mr Read is settlor). 661,764 of Mr Read's warrants are also held by his pension fund.

Words and expressions defined in the Company's announcement of 20 September 2016 have the same meanings in this announcement.

Further detail is provided below in accordance with Article 19.3 of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                             Steven Hancock 
---  ------------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                 Chief Operations Officer 
---  ------------------------------  -------------------------------- 
 b)   Initial notification            Initial 
       /Amendment 
---  ------------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
---  ---------------------------------------------------------------- 
 a)   Name                            EVR Holdings plc 
---  ------------------------------  -------------------------------- 
 b)   LEI                             N/A 
---  ------------------------------  -------------------------------- 
 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                  Ordinary shares of GBP0.01 
       the financial                   each 
       instrument, type                ISIN: GB00BD2YHN21 
       of instrument 
       Identification 
       code 
---  ------------------------------  -------------------------------- 
 b)   Nature of the                   Share Placing 
       transaction 
---  ------------------------------  -------------------------------- 
 c)   Price(s) and                      Price(s)    Volume(s) 
       volume(s)                        ----------  ---------- 
                                         1.7p per 
                                          share      882,352 
                                        ----------  ---------- 
---  ------------------------------  -------------------------------- 
 d)   Aggregated information           N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------------------  -------------------------------- 
 e)   Date of the transaction         11 October 2016 
---  ------------------------------  -------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
---  ------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                             Sean Nicolson 
---  ------------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                 Chairman 
---  ------------------------------  -------------------------------- 
 b)   Initial notification            Initial 
       /Amendment 
---  ------------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
---  ---------------------------------------------------------------- 
 a)   Name                            EVR Holdings plc 
---  ------------------------------  -------------------------------- 
 b)   LEI                             N/A 
---  ------------------------------  -------------------------------- 
 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                  Ordinary shares of GBP0.01 
       the financial                   each 
       instrument, type                ISIN: GB00BD2YHN21 
       of instrument 
       Identification 
       code 
---  ------------------------------  -------------------------------- 
 b)   Nature of the                   Share Placing 
       transaction 
---  ------------------------------  -------------------------------- 
 c)   Price(s) and                      Price(s)    Volume(s) 
       volume(s)                        ----------  ---------- 
                                         1.7p per 
                                          share      882,353 
                                        ----------  ---------- 
---  ------------------------------  -------------------------------- 
 d)   Aggregated information           N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------------------  -------------------------------- 
 e)   Date of the transaction         11 October 2016 
---  ------------------------------  -------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
---  ------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                             Agility QNUPS BBRQN20382 
---  ------------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                 A trust of which Mr Read, 
                                       a director of the Company 
                                       is settlor 
---  ------------------------------  -------------------------------- 
 b)   Initial notification            Initial 
       /Amendment 
---  ------------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
---  ---------------------------------------------------------------- 
 a)   Name                            EVR Holdings plc 
---  ------------------------------  -------------------------------- 
 b)   LEI                             N/A 
---  ------------------------------  -------------------------------- 
 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                  Ordinary shares of GBP0.01 
       the financial                   each 
       instrument, type                ISIN: GB00BD2YHN21 
       of instrument 
       Identification 
       code 
---  ------------------------------  -------------------------------- 
 b)   Nature of the                   Share Placing 
       transaction 
---  ------------------------------  -------------------------------- 
 c)   Price(s) and                      Price(s)    Volume(s) 
       volume(s)                        ----------  ---------- 
                                         1.7p per 
                                          share      1,470,588 
                                        ----------  ---------- 
---  ------------------------------  -------------------------------- 
 d)   Aggregated information           N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------------------  -------------------------------- 
 e)   Date of the transaction         11 October 2016 
---  ------------------------------  -------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
---  ------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                             Sebastian Theron 
---  ------------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                 Chief Financial Officer 
---  ------------------------------  -------------------------------- 
 b)   Initial notification            Initial 
       /Amendment 
---  ------------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
---  ---------------------------------------------------------------- 
 a)   Name                            EVR Holdings plc 
---  ------------------------------  -------------------------------- 
 b)   LEI                             N/A 
---  ------------------------------  -------------------------------- 
 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                  Ordinary shares of GBP0.01 
       the financial                   each 
       instrument, type                ISIN: GB00BD2YHN21 
       of instrument 
       Identification 
       code 
---  ------------------------------  -------------------------------- 
 b)   Nature of the                   Share Placing 
       transaction 
---  ------------------------------  -------------------------------- 
 c)   Price(s) and                      Price(s)    Volume(s) 
       volume(s)                        ----------  ---------- 
                                         1.7p per 
                                          share      294,118 
                                        ----------  ---------- 
---  ------------------------------  -------------------------------- 
 d)   Aggregated information           N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------------------  -------------------------------- 
 e)   Date of the transaction         11 October 2016 
---  ------------------------------  -------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
---  ------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                             Steven Hancock 
---  ------------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                 Chief Operations Officer 
---  ------------------------------  -------------------------------- 
 b)   Initial notification            Initial 
       /Amendment 
---  ------------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
---  ---------------------------------------------------------------- 
 a)   Name                            EVR Holdings plc 
---  ------------------------------  -------------------------------- 
 b)   LEI                             N/A 
---  ------------------------------  -------------------------------- 
 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                  Ordinary shares of GBP0.01 
       the financial                   each 
       instrument, type                ISIN: GB00BD2YHN21 
       of instrument 
       Identification 
       code 
---  ------------------------------  -------------------------------- 
 b)   Nature of the                   Warrants 
       transaction 
---  ------------------------------  -------------------------------- 
 c)   Price(s) and                      Price(s)     Volume(s) 
       volume(s)                        -----------  ---------- 
                                         1.85p per 
                                          share       147,058 
                                        -----------  ---------- 
---  ------------------------------  -------------------------------- 
 d)   Aggregated information           N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------------------  -------------------------------- 
 e)   Date of the transaction         11 October 2016 
---  ------------------------------  -------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
---  ------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                             Sean Nicolson 
---  ------------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                 Chairman 
---  ------------------------------  -------------------------------- 
 b)   Initial notification            Initial 
       /Amendment 
---  ------------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
---  ---------------------------------------------------------------- 
 a)   Name                            EVR Holdings plc 
---  ------------------------------  -------------------------------- 
 b)   LEI                             N/A 
---  ------------------------------  -------------------------------- 
 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                  Ordinary shares of GBP0.01 
       the financial                   each 
       instrument, type                ISIN: GB00BD2YHN21 
       of instrument 
       Identification 
       code 
---  ------------------------------  -------------------------------- 
 b)   Nature of the                   Warrants 
       transaction 
---  ------------------------------  -------------------------------- 
 c)   Price(s) and                      Price(s)     Volume(s) 
       volume(s)                        -----------  ---------- 
                                         1.85p per 
                                          share       73,529 
                                        -----------  ---------- 
---  ------------------------------  -------------------------------- 
 d)   Aggregated information           N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------------------  -------------------------------- 
 e)   Date of the transaction         11 October 2016 
---  ------------------------------  -------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
---  ------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                             Tanya Garland 
---  ------------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                 Wife of Sean Nicolson 
---  ------------------------------  -------------------------------- 
 b)   Initial notification            Initial 
       /Amendment 
---  ------------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
---  ---------------------------------------------------------------- 
 a)   Name                            EVR Holdings plc 
---  ------------------------------  -------------------------------- 
 b)   LEI                             N/A 
---  ------------------------------  -------------------------------- 
 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                  Ordinary shares of GBP0.01 
       the financial                   each 
       instrument, type                ISIN: GB00BD2YHN21 
       of instrument 
       Identification 
       code 
---  ------------------------------  -------------------------------- 
 b)   Nature of the                   Warrants 
       transaction 
---  ------------------------------  -------------------------------- 
 c)   Price(s) and                      Price(s)     Volume(s) 
       volume(s)                        -----------  ---------- 
                                         1.85p per 
                                          share       73,529 
                                        -----------  ---------- 
---  ------------------------------  -------------------------------- 
 d)   Aggregated information           N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------------------  -------------------------------- 
 e)   Date of the transaction         11 October 2016 
---  ------------------------------  -------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
---  ------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                             Sebastian Theron 
---  ------------------------------  -------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status                 Chief Financial Officer 
---  ------------------------------  -------------------------------- 
 b)   Initial notification            Initial 
       /Amendment 
---  ------------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
---  ---------------------------------------------------------------- 
 a)   Name                            EVR Holdings plc 
---  ------------------------------  -------------------------------- 
 b)   LEI                             N/A 
---  ------------------------------  -------------------------------- 
 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                  Ordinary shares of GBP0.01 
       the financial                   each 
       instrument, type                ISIN: GB00BD2YHN21 
       of instrument 
       Identification 
       code 
---  ------------------------------  -------------------------------- 
 b)   Nature of the                   Warrants 
       transaction 
---  ------------------------------  -------------------------------- 
 c)   Price(s) and                      Price(s)     Volume(s) 
       volume(s)                        -----------  ---------- 
                                         1.85p per 
                                          share       49,019 
                                        -----------  ---------- 
---  ------------------------------  -------------------------------- 
 d)   Aggregated information           N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------------------  -------------------------------- 
 e)   Date of the transaction         11 October 2016 
---  ------------------------------  -------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
---  ------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                           Peter Read 
---  ----------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------------- 
 a)   Position/status               Director 
---  ----------------------------  ---------------------------------- 
 b)   Initial notification          Initial 
       /Amendment 
---  ----------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
---  ---------------------------------------------------------------- 
 a)   Name                          EVR Holdings plc 
---  ----------------------------  ---------------------------------- 
 b)   LEI                           N/A 
---  ----------------------------  ---------------------------------- 
 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                Ordinary shares of GBP0.01 each 
       the financial                 ISIN: GB00BD2YHN21 
       instrument, type 
       of instrument 
       Identification 
       code 
---  ----------------------------  ---------------------------------- 
 b)   Nature of the                 Warrants 
       transaction 
---  ----------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)          Price(s)     Volume(s) 
                                      -----------  ---------- 
                                       1.85p per 
                                        share       245,098 
                                      -----------  ---------- 
---  ----------------------------  ---------------------------------- 
 d)   Aggregated information         N/A 
       - Aggregated volume 
       - Price 
---  ----------------------------  ---------------------------------- 
 e)   Date of the transaction       11 October 2016 
---  ----------------------------  ---------------------------------- 
 f)   Place of the transaction      London Stock Exchange 
---  ----------------------------  ---------------------------------- 
 

- Ends -

For further information:

 
EVR Holdings plc 
Sean Nicolson, Chairman                                                                   Tel: +44 (0) 20 7466 
                                                                                                          5000 
Anthony Matchett, Chief                                                                  www.evrholdings.com 
Executive Officer 
 
SPARK Advisory Partners Limited (Nominated 
 Adviser) 
Neil Baldwin / Sean Wyndham-Quin                                                          Tel: +44 (0) 203 368 
                                                                                                          3550 
                                                                                 www.sparkadvisorypartners.com 
 
Peterhouse Corporate Finance Limited (Broker)                                             Tel: +44 (0) 20 7469 
                                                                                                          0930 
Eran Zucker / Lucy Williams                                                                   www.pcorpfin.com 
 
 
 

Media enquiries:

 
Buchanan 
Henry Harrison-Topham / Jamie                         Tel: +44 (0) 20 7466 
 Hooper                                                               5000 
 Stephanie Watson / Catriona 
 Flint 
EVR@buchanan.uk.com                                    www.buchanan.uk.com 
 

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

Virtual Reality in 2016

The virtual reality industry is growing at a significant rate and 2016 is on course to be the breakout year with launches of Oculus Rift, Playstation VR and HTC Vive. According to Deloitte the industry is expected to break the US$1bn barrier for the first time this year and Goldman Sachs estimate that the market could be worth US$80bn by 2025.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCAKKDDOBDDAKD

(END) Dow Jones Newswires

October 11, 2016 02:00 ET (06:00 GMT)

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