TIDMVRE

RNS Number : 1617Q

VR Education Holdings PLC

17 June 2020

 
   17 June 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')

Exercise of Options

VR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company focused on the education and enterprise training space, announces that it has received notification for the exercise of options over 330,447 ordinary shares in the Company at an exercise price of EUR0.026 (2.3 pence) per share providing the Company with gross proceeds of EUR8,591.62 (GBP7,600.28) ("Option Exercise").

Application will be made to the London Stock Exchange to admit the 330,447 new ordinary shares resulting from the Option Exercise to trading on AIM and Euronext Growth. Admission of the new ordinary shares is expected to occur on or around 22 June 2020. The new ordinary shares will rank pari passu with the existing ordinary shares.

For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 241,750,955 ordinary shares of EUR0.001 each. The above 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, 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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June 17, 2020 02:00 ET (06:00 GMT)

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