Exercise of Options
17 June 2020
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 €0.026 (2.3 pence) per share providing the Company with gross proceeds of €8,591.62 (£7,600.28) ("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 €0.001 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.
For further information, please contact:
| VR Education Holdings plc Richard Cooper, Chairman David Whelan, CEO Sandra Whelan, COO |
Tel: +353 87 665 6708 [email protected] |
| Cairn Financial Advisers LLP (Nominated Adviser) James Caithie / Liam Murray / Ludovico Lazzaretti |
Tel: +44 (0) 20 7213 0880 |
| Shard Capital Partners LLP (Joint Broker) Damon Heath / Erik Woolgar |
Tel: +44 (0) 20 7186 9952 |
| Davy (Joint Broker & Euronext Growth Advisor) Fergal Meegan / Ronan Veale / Barry Murphy |
Tel: +353 1 679 6363 |
| Buchanan (Financial PR) Henry Harrison-Topham / Chris Lane / Tilly Abraham |
Tel: +44 (0)20 7466 5000 [email protected] |
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.