EVR : Option exercise valuing the company at £220m RNS London Stock Exchange

08/01/2020

Option Exercise valuing the Company at £220m - RNS - London Stock Exchange

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EVR Holdings PLC - EVRH Option Exercise valuing the Company at £220m

Released 07:00 06-Jan-2020

RNS Number : 7626Y

EVR Holdings PLC

06 January 2020

EVR Holdings plc

("EVR" or the "Company")

Paral Opon Exercise valuing the Company at £220m

EVR Holdings plc (AIM:EVRH), the leading creator of virtual reality entertainment content and operator of the MelodyVR plaorm, is pleased to announce that the John Gore Bahamas Ltd ("JGB") has parally exercised its opon to subscribe for 4,997,041 new ordinary shares at a price of 15.3p per share ("Subscripon Shares"), represenng a significant premium to the Company's current mid-market share price, which values the Company's issued equity share capital at approximately £220 million. The aggregate gross proceeds of the exercise amount to $1,000,000.

In recognion of this significant endorsement by a valued investor and strategic partner, the Company has extended the exercise period for this residual opon by a further 2 years unl 31 December 2021, at which me it will automacally lapse if not exercised. In exercising this opon, JGB increases its holding in the Company to 8.38% of the Company's issued share capital.

Applicaon has been made for the admission of the Subscripon Shares to trading with effect from 9 January 2020. Following the admission of the Subscripon Shares, the number of Ordinary Shares in issue will be 1,433,660,237. This figure may be used by shareholders as the denominator in the calculaon by which they determine if they are required to nofy the Company of their interest (or any change in their interest) in the company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further informaon please contact:

EVR Holdings plc
Anthony Matche, Execuve Chairman & CEO
[e-mail]
Arden Partners plc: Nominated Advisor and Sole Broker	Tel: [phone]
5900

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08/01/2020Option Exercise valuing the Company at £220m - RNS - London Stock Exchange

Corporate Finance: Ciaran Walsh / Ruari McGirr / Ben Cryer

Corporate Broking: Simon Johnson

About MelodyVR:

MelodyVR launched in 2018 with a simple mandate: not to replace the live experience, but to harness the power of virtual reality to get people closer to the music they love.

By using VR technology, the founders realised that they could place fans in the crowd or on -stage with their favourite musicians at live events. From epic stadium shows to inmate studio performances, the possibilies are endless; capacity restricons are eliminated, music fans can aend otherwise sold-out dates, and the barriers (distance, age, cost, access) that might keep people from experiencing their heroes live are swept away. The result? Arsts can reach more fans than ever before with a level of inmacy which has previously not been possible.

MelodyVR is the only licensed VR music plaorm and has the world's largest library of exclusive immersive and interacve music experiences from the likes of Post Malone, Blake Shelton, Wiz Khalifa, Kelly Clarkson, Niall Horan, Fall Out Boy and Imagine Dragons.

Available on smartphones and VR headsets, the MelodyVR app can be downloaded at on.melodyvr.com/App

www.melodyvr.com @melodyvirtual

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 [e-mail] visit www.rns.com.

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Option Exercise valuing the Company at £220m - RNS

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