Company Announcements

EVR Holdings plc

("EVR" or the "Company")

Confirmation of Subscription of £5.0 million by John Gore

EVR Holdings plc (AIM:EVRH), the leading creator of virtual reality entertainment content and operator of the MelodyVR platform, is pleased to announce that further to the Company's announcement on 7 June 2019 which referenced a Strategic Partnership with the John Gore Organization ("JGO") for Theatrical Content, John Gore has now entered in to a subscription arrangement to subscribe for 111,111,111 new ordinary shares ("Subscription Shares") of 1p each in the Company ("Ordinary Shares") at a price of 4.5p per Ordinary Share raising gross proceeds of £5.0 million.

In addition, the company has also entered into an option agreement with JGO to subscribe for the equivalent of $10 million of new Ordinary Shares at a price to be determined at the time of exercise which would value the Company's issued equity share capital at approximately £220 million. The exercise period for this option will expire on 31 December 2019 at which time it will automatically lapse if not exercised.

Application has been made for the admission of admission of the Subscription Shares to trading with effect from 27 June 2019. Following the admission of the Subscription Shares, the number of Ordinary Shares in issue will be 1,419,662.666. This figure may be used by shareholders as the denominator in the calculation by which they determine if they are required to notify 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 information please contact:

EVR Holdings plc
Anthony Matchett, Executive Chairman & CEO                                                            Tel: +44 (0) 20 7097 5737
Andy Brown, Chief Financial Officer                                                                                www.evrholdings.com

Investec Bank plc: Nominated Adviser, Financial Adviser                                           Tel: +44 (0)20 7597 5970
and Corporate Broker

Corporate Finance: David Anderson / Junya Iwamoto                       

Corporate Broking: Sara Hale
 

Notes to Editors:
MelodyVR is a wholly owned subsidiary of EVR Holdings plc ('EVR'), a company that is listed on the AIM market of the London Stock Exchange under the ticker EVRH.L.

For more information on Melody VR, please visit: www.melodyvr.com