TIDMEVRH
RNS Number : 8823M
EVR Holdings PLC
19 September 2019
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
For Immediate Release 19 September 2019
EVR Holdings plc
('EVR' or the 'Company')
Half-yearly Results
EVR Holdings (AIM: EVRH), a creator of virtual reality ('VR')
entertainment content, is pleased to announce its Half-yearly
Results for the six months to 30 June 2019.
Highlights
-- On 7 June 2019, the Company announced a GBP5m equity
investment from John Gore together with a strategic partnership
between the Company's principal subsidiary MelodyVR Limited
("MelodyVR") with John Gore Organisation to facilitate VR capture
and distribution of Broadway Theatre content;
-- On 1 July 2019, MelodyVR announced the release of its iOS and
Android mobile applications, allowing music fans from around the
world to enjoy content without the need for a dedicated VR
device;
-- On 4 July 2019 MelodyVR announced a content licencing
agreement with Facebook Technologies, LLC allowing Facebook/Oculus
to use MelodyVR's content for advertising purposes and exploitation
across YouTube, Facebook, Instagram and the Oculus website;
-- On 4 July 2019, MelodyVR launched in 4 additional
territories, Canada, Spain, Italy and Portugal extending the number
of territories in which MelodyVR content is available to 14;
-- On 5 July 2019 MelodyVR partnered with Wireless Festival to
broadcast the 3 day event live in VR and via the MelodyVR app on
all recent generation iOS and Android smartphones
-- On 20 August 2019, MelodyVR announced its launch on the new Oculus Quest VR device;
-- On 27 August 2019, MelodyVR announced its partnership with
ABC and its programme Good Morning America ("GMA") to deliver a
live broadcast of GMA's summer concert series featuring Marshmello
and Kane Brown live from New York's Central Park in the first ever
simultaneous broadcast across National Television and live Virtual
Reality,
-- As at 30 June 2019 the Company has cash and cash equivalents
in excess of GBP17.5 million for future expansion and
development
Chairman and CEO Anthony Matchett commented "The launch of
MelodyVR on mobile devices marks a new chapter in our Company's
strategic direction. Within the first week of launching our mobile
app we were the number 1 trending app on the UK's Google Play store
and ranked in the top 20 apps on Apple's UK app store. Over the
last two months, we have seen our install base grow significantly
and with a rich calendar of upcoming content and events, we expect
that user numbers will continue to accelerate as we transition to a
subscription based revenue model.
- Ends -
EVR Holdings plc
Anthony Matchett, Executive Chairman Tel: +44 (0) 203 289 7430
& CEO
www.evrholdings.com
Arden Partners plc: Nominated Tel +44 (0) 207 614 5900
Adviser and sole broker
Corporate Finance: Ciaran Walsh/Ruari
McGirr/Ben Cryer
Corporate Broking: Simon Johnson
Chairman's Statement
Over the last six years MelodyVR, has built proprietary
technology, entered into unique agreements with rightsholders, and
has launched consumer facing applications in order to deliver music
fans a revolutionary new way to engage with both music, and with
the artists they love. Initially, the MelodyVR application was
solely available via dedicated VR devices and although user numbers
continue to grow across dedicated VR devices on a daily basis, 2019
marks a pivotal year for our business, with the recent launch of
the MelodyVR application across both smartphone and tablets.
Comparatively, the smartphone and VR device market are
significantly different in a number of key areas; billions have
been spent on VR research and development to-date, yet dedicated VR
devices have been slower than anticipated to reach consumers and
are still to reach mainstream consumer adoption, whereas
smartphones continue to enjoy widespread adoption with 1.43 billion
new smartphone devices sold in 2018. Noting the significant demand
from music fans throughout the world for MelodyVR's exclusive
library of content and live-streamed performances, the decision was
taken to realign internal resources to focus on the much larger
mobile market.
These initiatives led to the release of the MelodyVR iOS and
Android application on 1(st) July 2019 which has since seen
exceptional traction in terms of consumer adoption and use. In the
first two months of release alone, smartphone installs of the
MelodyVR app, surpassed the entire first year install-base of our
VR applications, across all VR devices, cumulatively.
In the last 11 weeks since launching MelodyVR on mobile, we've
seen hundreds of thousands of streams from consumers, across both
our existing library of content and a number of unique live events.
In July, we broadcast three days of coverage from Wireless
Festival, one of the world's most recognisable urban music events.
In August 2019, we partnered with ABC and Good Morning America, to
deliver a simultaneous broadcast via the MelodyVR app and across
National Television in the United States, which saw extensive
coverage of our platform across the TV network, as well as 100,000
users accessing MelodyVR from all 50 states in America, and 14
other countries globally. We've also released exclusive recorded
content from leading global artists such as: Panic! at the Disco,
Lewis Capaldi, Rae Sremmurd, Julia Michaels as well as Marshmello
and Kane Brown.
Looking ahead, EVR Holdings has two key areas of focus, firstly
the growth and development of the MelodyVR platform, and in
addition the on-going development of our joint venture with the
John Gore Organisation, which will bring theatrical productions
from Broadway in New York, and the West-End in London, to consumers
around the world.
In respect of MelodyVR, we continue to pursue a number of key
initiatives, focused on delivering growth and building long-term
revenues. Firstly, our company intends to transition to a
subscription model later this year, which will provide unlimited
access to our on-demand content library in exchange for a monthly
fee, and will deliver recurring revenues to the business. We also
intend to make subscriptions available to consumers via a number of
high-profile partners, which will be announced over the coming
months. Alongside our subscription offering we will continue to
make real-time live events available on the platform, which will be
available to purchase on-demand, via the MelodyVR app, as well as
via online ticketing partners. Following a brief period of
realignment, and by making our platform available on mobile
devices, we have since demonstrated that the demand for our content
is vast, and in turn, the potential for revenue generation via our
mobile platforms in particular is significant and we are excited by
the opportunity for revenue growth over the coming 12 months.
Secondly, we will soon begin to ship our MelodyVR viewers, both
with MelodyVR subscriptions, and bundled with live tickets. Our
low-cost MelodyVR viewer, enables any consumer to have an immersive
VR experience, simply by utilising their existing smartphone. In
user testing, the feedback from the majority of consumers using the
MelodyVR viewer with the MelodyVR application, showed that the
device delivers a comparable or better experience than Oculus Go,
yet will be available to consumers for about 10% of the cost of a
dedicated VR device. We believe that this entry-level device will
lead to greater consumption of our content, in particular due to
its accessible price point and in-turn will lead to the wider
adoption of dedicated VR devices.
In respect of our joint venture with the John Gore Organisation,
development of content has already commenced, with the recording of
Broadway productions underway. For the same reason that MelodyVR
exists in respect of Music; Theatre exhibits the same fundamental
characteristics, including restrictions on physical attendance. The
two epicentres of the theatre industry are widely accepted as New
York and London, concentrating physical availability to only two
cities, and due to this limited availability, current theatres
cannot fulfil the worldwide demand for popular productions. In
addition, the price point of an average Broadway theatre ticket is
currently $58 dollars and is increasing year on year. In many
cases, the high cost of tickets exceeds many less-affluent
potential attendees' affordability. In addition, most well-known
theatre productions operate at over 95% seating capacity per show,
making the purchase of a physical ticket, especially for the best
seats, particularly challenging. With this in mind, our technology
has the power to remove the barriers of both cost, availability and
location, for millions of consumers worldwide and we look forward
to bringing theatre and the arts in an immersive format, to a
global audience.
Principal Risks and Uncertainties
Immersive content is an emerging market which makes it difficult
to evaluate our current and future prospects. Whilst the Directors
believe MelodyVR is peerless in terms of our entertainment
offering, technical capabilities and licencing and distribution
network, awareness and engagement with our content will need to
grow before we are able to capitalise on the significant
opportunities we see before us. We will continue to rely on the
ability to acquire and renew content licenses from a limited number
of major and minor content owners and other rights holders in order
to provide our service. Our long-term success will depend on our
ability to attract and retain users, and to successfully monetise
an increasing number of uses who engage with our MelodyVR platform.
We will continue to depend on key personnel to develop great
products and services, as well as operate our business, and if we
are not able to retain, attract and integrate quality personnel,
our ability to successfully scale our business could be impaired.
If we are unable to preserve our culture, we could lose the
innovation, teamwork and focus that has contributed so
fundamentally to our business to date.
Results
The Group made a consolidated accumulated loss of GBP7.1m for
the 6 months under review and at 30 June 2019 the total of the
consolidated balance sheet totalled GBP19.9m.
The Group showed a gross loss of GBP0.22m compared with a gross
loss for the corresponding period last year of GBP0.22m.
The operating loss for the six months ended 30 June 2019
amounted to GBP7.2m compared with GBP4.4m for the corresponding
period last year. This is driven by the significant investments
made during the period mostly in product development and content
production and post-production and compared favourably with the
operating loss for H2 2018 of GBP7.1m demonstrating a strong
management of the company's operations whilst delivering
significant development efforts as outlined above.
Outlook
The launch of our mobile application in July of this year,
provided smartphone users with the ability to access our music
content without the need for a dedicated VR device. The level of
consumer engagement we have experienced from events such as the
broadcast of Wireless Festival and Good Morning America summer
concert series has validated the appetite for our content and will
underpin the scaling of our install base in the near term and
monetisation of our content in the longer term. Accordingly, due to
the investment in our mobile strategy during the first half of this
year, revenue numbers for the full year may not exceed those
reported during 2018. Our mobile strategy will provide greater
opportunities for commercial partnerships as we seek to drive
consumer awareness. We are confident that these strong early
metrics will continue and that we will be able to provide greater
depth of insight when we release our full year results early next
year.
INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR EVR
HOLDINGS PLC
for the six months ended 30th June 2019
Unaudited Unaudited Audited
Six months Six months Year to
to to
30th June 30th June 31st December
2019 2018 2018
Notes GBP GBP GBP
Revenue 128,432 6,831 1,180,623
Cost of Sales (352,372) (225,028) (1,427,674)
Gross Profit/(Loss) (223,940) (218,197) (247,051)
Administrative expenses (6,974,796) (4,183,675) (11,260,086)
_____ _____ _____
OPERATING LOSS (7,198,736) (4,401,872) (11,507,137)
---------------------------------------------------------------------------------------- ------------------- ------------------- --------------------
Operating loss before non-recurring
and non-cash items (6,146,383) (3,899,947) (10,142,438)
Depreciation, Amortisation and
Impairment (864,120) (221,872) (717,906)
Share based payments (188,233) (280,053) (646,793)
------------------ ------------------ ------------------
OPERATING LOSS (7,198,736) (4,401,872) (11,507,137)
---------------------------------------------------------------------------------------- ------------------- ------------------- --------------------
Finance income 62,404 - 42,929
Finance costs (15,115) (12,121) -
Foreign exchange gain 12,450 27,725 73,253
_____ _____ _____
LOSS FOR THE PERIOD BEFORE TAXATION (7,138,997) (4,386,268) (11,390,955)
Taxation - - 121,016
_____ _____ _____
NET LOSS AND TOTAL COMPREHENSIVE
INCOME FOR THE PERIOD (7,138,997) (4,386,268) (11,269,939)
Attributable to:
Owners of the parent company (7,138,997) (4,386,268) (11,269,952)
Non - controlling interest - - 1,013
_____ _____ _____
Loss per share 5
Basic and Diluted from Continuing
Operations (0.54)p (0.37)p (0.9)p
INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR EVR
HOLDINGS PLC
for the six months ended 30th June 2019
(unaudited)
Share Merger Share Reverse Non- Currency
Share Premium Relief Option Retained Takeover Controlling Translation
Capital Reserve Reserve Reserve Losses Reserve Interest Reserve Total
GBP GBP GBP GBP GBP GBP GBP GBP GBP
Balance at 1st July 2018 13,522,829 36,152,683 486,611 1,607,525 (13,389,122) (10,002,543) (46,003) (16,781) 28,315,199
Total comprehensive loss for
the period - - - - (6,884,684) - - - (6,884,684)
Grant of share
options/warrants 366,740 366,740
Issue of new shares 167,375 105,481 - - - - - - 272,856
Currency Translation Reserve (45,178) (45,178)
Non Controlling Interest - - - - - - 1,013 - 1,013
___ _____ _____ _____ _____ _____ _____ _____ _____
Balance at 31st December 2018 13,690,204 36,258,164 486,611 1,974,265 (20,273,806) (10,002,543) (44,990) (61,959) 22,025,946
Total comprehensive loss for
the period - - - - (7,138,997) - - - (7,138,997)
Grant of share
options/warrants - - - 188,233 - - - - 188,233
Issue of new shares 1,114,671 3,691,915 - - - - - - 4,806,586
Currency Translation Reserve - - - - - - - (15,774) (15,774)
Non Controlling Interest - - - - - - - - -
_____ _____ _____ _____ _____ _____ _____ _____ _____
Balance at 30th June 2019 14,804,875 39,950,079 486,611 2,162,498 (27,412,803) (10,002,543) (44,990) (77,733) 19,865,994
CONSOLIDATED STATEMENT OF FINANCIAL POSISITON FOR EVR HOLDINGS
PLC
as at 30th June 2019
Unaudited Unaudited Audited
as at as at as at
30th June 30th June 31st December
2019 2018 2018
Notes GBP GBP GBP
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment 6 963,404 1,045,244 933,992
Intangible assets 7 2,327,574 1,754,077 2,095,547
_____ _____ _____
TOTAL NON-CURRENT ASSETS 3,290,978 2,799,321 3,029,539
_____ _____ _____
CURRENT ASSETS
Trade and other receivables 1,235,569 506,422 1,601,896
Cash and cash equivalents 17,506,396 26,089,548 19,327,948
_____ _____ _____
TOTAL CURRENT ASSETS 18,741,965 26,595,970 20,929,844
______ ______ _____
TOTAL ASSETS 22,032,943 29,395,291 23,959,383
______ ______ ______
LIABILITIES
CURRENT LIABILITIES
Trade and other payables (2,166,949) (1,080,092) (1,933,437)
______ ______ ______
TOTAL CURRENT LIABILITIES (2,166,949) (1,080,092) (1,933,437)
______ ______ _____
TOTAL LIABILITIES (2,166,949) (1,080,092) (1,933,437)
______ ______ _____
TOTAL NET ASSETS 19,865,994 28,315,199 22,025,946
______ ______ _____
EQUITY
Share capital 8 14,804,875 13,522,829 13,690,204
Share premium reserve 39,950,079 36,152,683 36,258,164
Retained losses (27,412,803) (13,389,122) (20,273,806)
Share Option Reserve 2,162,498 1,607,525 1,974,265
Merger Relief Reserve 486,611 486,611 486,611
Non-controlling interests (44,990) (46,003) (44,990)
Currency Translation Reserve (77,733) (16,781) (61,959)
Reverse takeover reserve (10,002,543) (10,002,543) (10,002,543)
_____ _____ _____
TOTAL EQUITY 19,865,994 28,315,199 22,025,946
_____ _____ _____
CONSOLIDATED CASH FLOW STATEMENT FOR EVR HOLDINGS PLC
for the six months ended 30th June 2019
Unaudited Unaudited Audited
Six months Six months Year to
to to
30th June 30th June 31st December
2019 2018 2018
GBP GBP GBP
Loss from continuing operations (7,138,997) (4,386,268) (11,390,955)
Adjustments for:
Amortisation of intangible assets 419,316 56,216 329,073
Depreciation of fixed assets 275,209 165,656 388,833
Impairment of intangible asset 169,595 - -
Share based payment expense 188,233 280,053 646,793
Increase/(decrease) in trade
and other receivables (286,866) (278,181) (1,115,147)
Increase in trade and other payables 869,081 428,667 1,118,317
_____ _____ ______
Net cash outflow from operating
activities (5,504,429) (3,733,857) (10,023,086)
___ ___ _______
Investing activities
Purchase of property, plant and
equipment (304,425) (1,778,301) (682,040)
Investment in intangible assets (820,938) - (1,821,144)
_____ _____ _____
Net cash generated used in investing
activities (1.125,363) (1,778,301) (2,503,184)
Financing activities
Proceeds from issue of ordinary
share capital 4,800,000 19,053,561 19,048,293
Proceeds from the exercise of
warrants 6,585 128,706 406,831
_____ _____ _____
Net cash generated from financing
activities 4,806,585 19,182,267 19,455,124
_____ _____ _____
(Decrease)/Increase in cash and
cash equivalents (1,823,207) 13,670,109 6,928,854
Effect of changes in foreign
exchange 1,655 9,619 (10,726)
Cash and cash equivalents brought
forward 19,327,948 12,409,820 12,409,820
__ _____
Cash and cash equivalents carried
forward 17,506,396 26,089,548 19,327,948
_____ _____ _____
NOTES TO THE INTERIM FINANCIAL STATEMENTS FOR EVR HOLDINGS
PLC
for the six months ended 30th June 2019
1. Basis of preparation of interim financial information
The consolidated interim financial statements have been prepared
in accordance with the recognition and measurement principles of
International Financial Reporting Standards as endorsed by the
European Union ("IFRS") and expected to be effective at the
year-end of 31 December 2018.
New accounting policies adopted during the year are detailed in
Notes 3 and 4 while all other accounting policies remain unchanged
from the financial statements for the year ended 31 December
2018.
The interim financial statements are unaudited and do not
constitute statutory accounts within the meaning of Section 434 of
the Companies Act 2006. Statutory accounts for the year ended 31
December 2018, prepared in accordance with IFRS, have been filed
with the Registrar of Companies. The Auditors' Report on these
accounts was unqualified, did not include any matters to which the
Auditors drew attention by way of emphasis without qualifying their
report and did not contain any statements under section 498 of the
Companies Act 2006.
The consolidated interim financial statements are for the 6
months to 30 June 2019.
The interim consolidated financial information do not include
all the information and disclosures required in the annual
financial statements, and should be read in conjunction with the
group's annual financial statements for the year ended 31 December
2018, which were prepared in accordance with IFRS's as adopted by
the European Union.
Going Concern
The directors have prepared detailed cash flow forecasts and are
of the opinion that it is appropriate to prepare these financial
statements on a going concern basis. In making this assessment
management has considered:
a) The current working capital position and operational requirements
b) The sensitivities associated with projected expenditure
c) The timing and magnitude of planned capital expenditure
d) The strategic exploitation of the company's significant resources
e) The timing of launch within new territories and on new Virtual Reality (VR) platforms
The conclusion of this assessment and having regard to the
existing working capital position the Directors are of the opinion
that the Group will have adequate resources to enable it to
undertake its planned activities for the next twelve months.
2. Statement of compliance
The financial statements comply with IFRS as adopted by the
European Union. At the date of authorisation of these financial
statements the following Standards and Interpretations affecting
the Group were applied for the first time
-- IFRS 16 Leases
IFRS 16 is effective from 1 January 2019 and eliminates the
classification of leases as either operating or finance leases,
introducing a single accounting model. Lessees are required to
recognise a right-of-use asset and related leases liability for
their operating leases and show depreciation of leased assets and
interest on leases liabilities separately in the income statement.
IFRS 16 requires the Group to recognise substantially all of its
operating leases on the balance sheet.
The Group adopted IFRS 16 on a modified retrospective basis and
applied the standard accordingly. As such, prior year financial
information has not been restated and will continue to be reported
under IAS 17: Leases. The right of use asset and leases liabilities
have been initially measured at the present value of remaining
leases payments.
There is deemed to be no material impact on reserves brought
forward or on results for the six months to 30 June 2019.
3. Revenue
Revenue represents amounts receivable for goods and services
provided in the normal course of business, and excludes intra-group
sales, Value Added Tax and trade discounts.
Revenue comprises of the sale of content with the value of goods
and services supplied being recognised on delivery of content.
Management considers the detailed criteria for the recognition
of revenue from the sale of goods and services set out in IAS 18
Revenue, in particular whether the Group had transferred to the
buyer the significant risks and rewards of ownership of the
goods.
4. Capitalisation of Development and Content creation costs
The Group recognises both internal development costs as well as
VR content creation costs as intangible assets only when the
following criteria are met: the technical feasibility of completing
the intangible asset exists, there is an intent to complete and an
ability to use or sell the intangible asset, the intangible asset
will generate probable future economic benefits, there are adequate
resources available to complete the development and to use or sell
the intangible asset, and there is the ability to reliably measure
the expenditure attributable to the intangible asset during its
development.
Intangible assets with finite lives are amortised on a
straight-line basis over their estimated useful lives and are
assessed for impairment whenever there is an indication that the
intangible asset may be impaired. The amortisation period and the
amortisation method for an intangible asset are reviewed at least
annually. Changes in the expected useful life or the expected
pattern of consumption of future economic benefits embodied in the
asset is accounted for by changing the amortisation period or
method, as appropriate, and are treated as changes in accounting
estimates. The amortisation of intangible assets is recognised in
the consolidated statement of comprehensive income/costs in the
expense category consistent with the function of the intangible
assets.
Amortisation rates applicable to internal development is
typically between 2 and 5 years and;
Amortisation rates applicable to VR content is as follows:
-- Year 1: 80%
-- Year 2: 15%
-- Year 3: 5%
5. Loss per share
Loss attributable Unaudited Unaudited Audited Year
to equity holders 30th June 2019 30th June 2018 to 31st December
of the Company: 2018
GBP GBP GBP
Continuing and
total operations (7,138,997) (4,386,268) (11,270,952)
No. of shares No. of shares No. of shares
Weighted average
number of ordinary
shares in issue
for basic and fully 1,314,643,091 1,199,050,729 1,252,156,578
diluted earnings
5. Loss per share (continued)
Pence per Pence per Pence per
Share share share
Loss per share (0.54)p (0.37)p (0.9)p
Basic and diluted: (0.54)p (0.37)p (0.9)p
6. Tangible fixed assets
Audiovisual Office Computer Leasehold Total
productions Equipment Equipment Improvements
GBP GBP GBP GBP GBP
Cost
As at 31 December 2018 482,460 84,162 884,544 74,285 1,525,451
Additions 177,727 5,679 121,215 - 304,621
Disposal - - - - -
_______ _______ _______ _______ _______
As at 30 June 2019 660,187 89,841 1,005,759 74,285 1,830,072
Accumulated depreciation
As at 31 December 2018 180,650 19,120 363,958 27,731 591,459
Charge for the period 98,371 10,900 153,659 12,279 275,209
_______ _______ _______ _______ _______
As at 30 June 2019 279,021 30,020 517,617 40,010 866,668
Net Book Value _______ _______ _______ _______ _______
As at 31 December 2018 301,810 65,042 520,586 46,554 933,992
As at 30 June 2019 381,166 59,821 488,142 34,275 963,404
_______ _______ _______ _______ _______
7. Intangible assets
Goodwill Development Content Content Total
- released - in production
GBP GBP GBP GBP GBP
Cost
As at 31 December 2018 603,476 667,819 506,982 646,343 2,424,620
Additions - 564,645 94,853 161,440 820,938
Reclassification - - 306,701 (306,701) -
Impairment - (69,870) - (126,766) (196,636)
_______ _______ _______ _______ _______
As at 30 June 2019 603,476 1,162,594 908,536 374,316 3,048,922
Accumulated amortisation
As at 31 December 2018 - 149,279 179,794 - 329,073
Charge for the period - 127,032 292,284 - 419,316
Impairment - (27,041) - (27,041)
_______ _______ _______ _______ _______
As at 30 June 2019 - 249,270 472,078 - 721,348
_______ _______ _______ _______ _______
Net Book Value _______ _______ _______ _______ _______
As at 31 December 2018 603,476 518,540 327,188 646,343 2,095,547
As at 30 June 2019 603,476 913,324 436,458 374,316 2,327,574
_______ _______ _______ _______ _______
Goodwill has been calculated as the fair value of the EVR
Holdings plc ordinary shares pre reverse takeover less the net
asset value of the Company at the time of take over.
8. Share Capital
30 June 2019 30 June 2018
(unaudited) (unaudited)
Number Number
Ordinary shares of 1.1 pence each 495,095,455 495,095,455
Ordinary shares of 1.16 pence each 231,750,344 231,750,344
Ordinary shares of 1.4 pence each 41,024,988 26,264,198
Ordinary shares of 1.7 pence each 205,232,810 205,232,810
Ordinary shares of 1.85 pence each 22,947,958 11,771,458
Ordinary shares of 4.5 pence each 111,111,111 -
Ordinary shares of 8 pence each 187,500,000 187,500,000
Ordinary shares of 16 pence each 125,000,000 125,000,000
Deferred shares of 0.24p each 150,520,616 150,520,616
Deferred shares of 0.95p each 26,000,000 26,000,000
--------------- --------------
Total 1,596,183,282 1,459,134,881
=============== ==============
Further copies of this document are available both at the
registered office of the Company. The statement will also be
available to download on the Company's website:
http://evrholdings.com
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.
END
IR CKFDQDBKBBCD
(END) Dow Jones Newswires
September 19, 2019 02:01 ET (06:01 GMT)
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