Result of Annual General Meeting
10 April 2019
VR Education (AIM: VRE; Euronext Growth: 6VR), a leading virtual reality ('VR') technology company focused on the education space, is pleased to announce that at its Annual General Meeting (AGM) held earlier today all resolutions were duly passed.
All proxy votes received in relation to resolutions at the AGM will be available shortly on the Company's website: https://immersivevreducation.com/investors/corporate-governance/
|Resolution||Votes for||%||Votes against||%||Votes withheld|
|1.||To review the business of the Company and to receive the Company's audited accounts for the financial period ended 31 December 2018, together with the Directors' and the Auditor's Report thereon.||104,085,400||100.00%||-||0.00%||18,998,760|
|2.||To re-appoint Richard Cooper as a Director.||104,085,400||100.00%||-||0.00%||18,998,760|
|3.||To re-appoint David Whelan as a Director.||104,085,400||100.00%||-||0.00%||18,998,760|
|4.||To re-appoint Sandra Whelan as a Director.||104,085,400||100.00%||-||0.00%||18,998,760|
|5.||To re-appoint Séamus Larrissey as a Director.||104,085,400||100.00%||-||0.00%||18,998,760|
|6.||To re-appoint Tony Hanway as a Director.||104,085,400||100.00%||-||0.00%||18,998,760|
|7.||To re-appoint Michael Boyce as a Director.||104,085,400||100.00%||-||0.00%||18,998,760|
|8.||To re-appoint PKF Littlejohn LLP as the Company's auditor.||88,208,400||84.75%||15,877,000||15.25%||18,998,760|
|9.||To authorise the Directors to determine the fees payable to the auditor.||88,208,400||84.75%||15,877,000||15.25%||18,998,760|
|10.||To authorise the Directors to set the ordinary remuneration of the Directors.||104,085,400||100.00%||-||0.00%||18,998,760|
|11.||That the Company is authorised to hold all General Meetings outside of the State.||104,085,400||100.00%||-||0.00%||18,998,760|
|12.||That the Directors are authorised to exercise all powers of the Company to allot and issue all relevant securities up to an aggregate nominal value equivalent to one third of the issued share capital of the Company.||104,085,400||100.00%||0.00%||18,998,760|
|13.||That the Directors are hereby empowered to allot equity securities for cash, pursuant to the authority conferred by Resolution 12 above.||88,108,400||84.65%||15,977,000||15.35%||18,998,760|
Votes withheld are not votes in law and so have not been included in the calculation of the proportion of votes for and against a resolution.
For further information, please contact:
|VR Education Holdings plc
David Whelan, CEO
Sandra Whelan, COO
|Tel: +353 87 665 6708
|Cairn Financial Advisers LLP(Nominated Adviser)
James Caithie / Liam Murray / Richard Nash
|Tel: +44 (0) 20 7213 0880|
|Stockdale Securities Limited(Joint Broker)
Andy Crossley / Richard Johnson
|Tel: +44 (0) 20 7601 6100|
|Davy(Joint Broker & Euronext Growth Advisor)
Fergal Meegan / Ronan Veale / Barry Murphy
|Tel: +353 1 679 6363|
|Buchanan(UK Financial PR)
Henry Harrison-Topham / Chris Lane / Tilly Abraham
|Tel: +44 (0)20 7466 5000
|Fuller Marketing(Irish Corporate PR)
Ruth Fuller / Sheila Kelleher
|Tel: +353 87 981 3176
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 three downloadable showcase VR experiences, being the award-winning Apollo 11 VR experience, the award-winning Titanic VR experience and the award-winning 1943: Berlin Blitz.
On 12 March 2018, VR Education listed on the AIM market of the London Stock Exchange and on Euronext Growth, a market regulated by Euronext Dublin.
For further information, please visit www.immersivevreducation.com.