TIDMVRE

RNS Number : 0420S

VR Education Holdings PLC

06 July 2020

 
   6 July 2020

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

VR Education Holdings plc

('VR Education' or the 'Company')

Appointment of Director

VR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company focused on the education and enterprise training space, announces that, further to the announcement of 20 May 2020, Praveen Gupta has been appointed as Non-Executive Director of the Company with immediate effect.

Praveen is currently Vice President, Corporate Investment & Development at HTC Corporation ('HTC'), based in San Francisco, CA, in addition to positions held on the Boards of five Cloud and VR-focused companies. He brings a wealth of international experience and deep industry expertise to the Company's Board, with particular skills in business development, strategic investment and advisory, and M&A activities.

During his career, Praveen has held positions at a range of large and high-profile technology companies across America and Asia, most recently as Vice President, Corporate Business Development at SK Telecom Americas, part of the leading mobile carrier in South Korea. Previous roles have also included Senior Manager, Corporate Business Development at Aptina Imagining (formerly division of Micron Technology Inc.) and Executive Director and Partner of CDIB Ventures, the US based Venture Capital entity of the China Development Industrial Bank, as well as a number of strategic advisory and business consultancy roles.

Praveen has also authored and contributed to a number of successful published works and academic research on venture capitalism and technology, and holds an M.B.A. from Golden Gate University, San Francisco.

Richard Cooper, Chairman of VR Education, said: "I am delighted to welcome Praveen to the Board following HTC's investment and strategic partnership. The Board looks forward to working with him and I am confident that the Group will benefit from Praveen's considerable experience."

The following information is disclosed in respect of Mr. Praveen Gupta (age 61) pursuant to Schedule 2(g) of the AIM Rules for Companies and Chapter 5: Additional Rules for the Euronext Growth Market operated by Euronext Dublin:

 
 Current directorships    Directorships and partnerships 
                           held in the past five years 
 Modrokkr, Inc.           None 
                         ------------------------------- 
 MOR Museum, Inc. 
                         ------------------------------- 
 Steel Wool Games, Inc. 
                         ------------------------------- 
 Surgical Theater, Inc. 
                         ------------------------------- 
 VRChat, Inc. 
                         -------------------------------

Mr. Praveen Gupta does not hold any ordinary shares or options over ordinary shares in the Company.

There is no further information which is required to be disclosed under Schedule 2(g) of the AIM Rules for Companies and Chapter 5: Additional Rules for the Euronext Growth Market operated by Euronext Dublin in respect of Mr. Praveen Gupta.

- Ends -

For further information, please contact:

 
 VR Education Holdings plc                              Tel: +353 87 665 6708 
  Richard Cooper, Chairman                    contact@vreducationholdings.com 
  David Whelan, CEO 
  Sandra Whelan, COO 
 
   Cairn Financial Advisers LLP (Nominated               Tel: +44 (0) 20 7213 
   Adviser)                                                              0880 
   James Caithie / Liam Murray / Ludovico 
   Lazzaretti 
 
   Shard Capital Partners LLP (Joint                     Tel: +44 (0) 20 7186 
   Broker)                                                               9952 
   Damon Heath / Erik Woolgar 
 
   Davy (Joint Broker & Euronext Growth                  Tel: +353 1 679 6363 
   Advisor) 
   Fergal Meegan / Ronan Veale / Barry 
   Murphy 
 
   Buchanan (Financial PR)                           Tel: +44 (0)20 7466 5000 
   Henry Harrison-Topham / Chris Lane                     VRE@buchanan.uk.com 
   / Tilly Abraham

Notes to Editors

VR Education, together with its wholly owned subsidiary, is an early stage VR software and technology group based in Waterford, Ireland, dedicated to transforming the delivery methods of education and corporate training by utilising VR technologies to deliver fully immersive virtual learning experiences. The Group's core focus is the development and commercialisation of its online virtual social learning and presentation platform called ENGAGE, which provides a platform for creating, sharing and delivering proprietary and third-party VR content for educational and corporate training purposes.

In addition to the ongoing development of the ENGAGE platform, the Group has also built two downloadable showcase VR experiences, being the award-winning Apollo 11 VR experience and the Titanic VR experience.

On 12 March 2018, VR Education listed on the AIM market of the London Stock Exchange and on the Enterprise Securities Market, a market regulated by Euronext Dublin. For further information, please visit www.vreducationholdings.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

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