TIDMMVR
RNS Number : 8278J
MelodyVR Group PLC
24 December 2020
24 December 2020
MelodyVR Group Plc
("MelodyVR Group" or the "Company")
Result of General Meeting and Issue of Equity
MelodyVR Group, one of the leading creators of virtual reality
content, announces that at the General Meeting held today all
resolutions were duly passed.
Admission and Issue of Equity
Application has been made for the admission of the Enlarged
Share Capital to trading on AIM, which is expected to become
effective and dealings commence at 8.00 a.m. on 29 December
2020.
In addition, a total of 4,666,666 new ordinary shares (the
"Adviser Fee Shares") will be issued as non-cash consideration at
the Issue Price in lieu of fees due to Arden in connection with the
readmission. Application has been made for the admission of the
Adviser Fee Shares to trading on AIM, which is expected to become
effective and dealings commence at 8.00 a.m. on 30 December
2020.
Directors' participation in the Subscription
As announced on 9 December 2020, Anthony Matchett (Chief
Executive Officer), Steven Hancock (Chief Relationship Officer) and
Grant Dollens (Non-Executive Director) agreed to subscribe for in
aggregate 26,619,279 Ordinary Shares at the Issue Price. The number
of Ordinary Shares subscribed for by Anthony Matchett, Steven
Hancock and Grant Dollens pursuant to the Subscription, and their
resulting shareholding on Admission, are set out below:
Name Number of % of the Number Number of % of Enlarged
Existing Existing of New New Ordinary Ordinary
Ordinary Ordinary Ordinary Shares on Share Capital
Shares at Share Capital Shares Admission
the date Subscribed
of this document for
Anthony
Matchett 155,149,463 7.5 3,333,333 158,482,796 6.4
------------------ --------------- ------------ -------------- ---------------
Steven Hancock 117,550,803 5.7 3,333,333 120,884,136 4.9
------------------ --------------- ------------ -------------- ---------------
Grant Dollens 101,664,112 4.9 19,952,613 121,616,725 4.9
------------------ --------------- ------------ -------------- ---------------
Total Voting Rights
Following Admission the Company's total number of Ordinary
Shares will be 2,463,195,763, and there are no shares held in
treasury. The total number of shares with voting rights in the
Company will be 2,463,195,763.
The above figure 2,463,195,763 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 FCA's Disclosure Guidance
and Transparency Rules.
Following admission of the Adviser Fee Shares on 30 December
2020, the Company's total number of Ordinary Shares will be
2,467,862,429, and there are no shares held in treasury. The total
number of shares with voting rights in the Company will be
2,467,862,429.
The above figure 2,467,862,429 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 FCA's Disclosure Guidance
and Transparency Rules.
Unless otherwise defined, capitalised terms used in this
announcement are as defined in the Admission Document.
For further information, please contact:
MelodyVR Group PLC
Anthony Matchett , Executive Chairman & CEO www.melodyVR.group
Arden Partners plc: Nominated Adviser and Tel: +44 (0) 20 7614
Broker 5900
Corporate Finance: Ruari McGirr / Benjamin
Cryer / Daniel Gee-Summons
Corporate Broking: Simon Johnson
The notifications below are made in accordance with the
requirements of the EU regulation on market abuse.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name 1. Anthony Matchett
2. Steven Hancock
3. Grant Dollens
-------------------------------- -------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Relationship Officer
3. Non-Executive Director
-------------------------------- -------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name MelodyVR Group plc
-------------------------------- -------------------------------------
b) LEI 213800B2AKGQC3D2R751
-------------------------------- -------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------
a) Description Ordinary Shares of 1p each
of the financial
instrument, GB00BD2YHN21
type of instrument
Identification
code
-------------------------------- -------------------------------------
b) Nature of the Subscription for Ordinary Shares
transaction
-------------------------------- -------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 1. 3.75p 3,333,333
--------- -----------
2. 3.75p 3,333,333
--------- -----------
3. 3.75p 19,952,613
--------- -----------
-------------------------------- -------------------------------------
d) Aggregated information N/A
-------------------------------- -------------------------------------
e) Date of the 24 December 2020
transaction
-------------------------------- -------------------------------------
f) Place of the London Stock Exchange
transaction
-------------------------------- -------------------------------------
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END
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