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Gaming Realms PLC

Gaming Realms PLC - Issue of Equity

RNS Number : 7961A
Gaming Realms PLC
09 June 2016
 

Gaming Realms Plc

 

("Gaming Realms", the "Company" or the "Group")

 

 

Issue of Equity

 

 

Gaming Realms plc announces that pursuant to the acquisition of BlueBurra Holdings ("BlueBurra") as announced on 19 August 2014 and pursuant to a subsequent deed of variation dated 4 March 2016, BlueBurra has met certain financial and strategic milestones since its acquisition and the final earn-out condition has now been satisfied.  Accordingly, the Company has allotted 4,800,000 new ordinary shares of 10 pence each ("Ordinary Shares") to satisfy the final £1,200,000 share element of vendor consideration due to the former shareholders of BlueBurra (the "Consideration Shares").

 

All former BlueBurra shareholders who are issued the Consideration Shares will be subject to lock-up agreements pursuant to which they will not be able to sell such shares (subject to customary carve-outs) for a period of 12 months following Admission.

 

An application has been made for the admission of the Consideration Shares and it is expected that Admission will occur on 13 June 2016.

 

Following the Admission, the total number of Ordinary Shares in the Company with voting rights admitted to trading on AIM will be 261,633,292. The Consideration Shares will rank pari passu in all respects with the Company's existing shares in issue.  The Company does not hold any Ordinary Shares in Treasury.

 

The above figure of 261,633,292 Ordinary Shares may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

 

- Ends -

 

 

 

Contacts:

 

Gaming Realms

Patrick Southon, CEO

Mark Segal, FD

 

 +44 (0) 845 123 3773

Cenkos Securities (Nomad and Broker)

Max Hartley (Nomad)

Julian Morse (Broker)

 

+44 (0) 20 7397 8900

 

Yellow Jersey PR

Charles Goodwin

Aidan Stanley

 

+44 (0) 7747 788 221

+44 (0) 7584 085 670

 

 

About Gaming Realms

 

Gaming Realms creates and publishes innovative real money and social games for mobile, with operations in the UK and U.S. Through its market leading mobile platform and unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and growth executives from a wide range of leading gaming and media companies.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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