EVR Holdings PLC Exercise of Warrants and Issue of Shares (2307P)

TIDMEVRH

RNS Number : 2307P

EVR Holdings PLC

30 August 2017

 
  30 August 2017

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 704,925 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 1.85 pence per share, and notice of exercise of warrants over 625,000 Ordinary Shares at a price of 1.4 pence per share. The aggregate gross proceeds of these exercises amount to GBP21,791.11.

Following the warrant exercise, the number of shares over which warrants are outstanding is as follows:

 
  Number of 
   shares            Exercise Price   Expiry Date 
------------------  ---------------  ------------- 
       14,969,125    1.4p             31 July 2018 
       51,294,234*   1.1p             16 May 2019 
                                      16 October 
       21,561,866    1.85p             2019 
         9,230,180   1.2p             31 July 2020

*of which 32,305,630 are held by EVR board directors

The Company has made application for the 1,329,925 new Ordinary Shares, to be issued and allotted as a result of the warrant exercises set out above, to be admitted to trading on AIM. Admission is expected to occur at 8.00 a.m. on 4 September 2017. The 1,329,925 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 1,329,925 new Ordinary Shares, the Company's total issued ordinary share capital will consist of 1,032,614,265 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 
Sean Nicolson, Chairman                     Tel: +44 (0) 20 7466 
                                                            5000 
Anthony Matchett, Chief                      www.evrholdings.com 
 Executive Officer 
 
Zeus Capital Limited (Nominated Adviser 
 and Broker) 
Phil Walker / 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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August 30, 2017 02:00 ET (06:00 GMT)

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