Director/PDMR Shareholding

RNS Number : 7182N

VR Education Holdings PLC

10 May 2018

 

For immediate release

10 May 2018

VR Education Holdings plc (the "Company")

Director/PDMR Shareholding

VR Education Holdings plc (AIM: VRE; ESM: 6VR), a leading virtual reality ('VR') technology company focused on the education space, announces that on 8 May 2018 Tony Hanway, a Director, bought 100,000 ordinary shares in the Company at a price of 16 pence per share, representing 0.05% of the Company's issued share capital.

Prior to this purchase of shares, Tony Hanway held nil ordinary shares in the Company.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact 

VR Education Holdings plc David Whelan, CEO Sandra Whelan, COO	Tel: [phone] [e-mail]
Cairn Financial Advisers LLP (Nominated Adviser) James Caithie / Liam Murray / Richard Nash	Tel: [phone]
Shard Capital Partners LLP (Joint Broker) Damon Heath / Erik Woolgar	Tel: [phone]
Davy (Joint Broker & ESM Adviser) Fergal Meegan / Ronan Veale / Barry Murphy	Tel: [phone]
Buchanan (UK Financial PR) Henry Harrison-Topham / Chris Lane / Tilly Abraham	Tel: [phone] [e-mail]
Wilson Hartnell (Irish Corporate PR) Peter O'Brien / Frans Van Cauwelaert	Tel: [phone] peter.o'[e-mail] [e-mail]

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 an early access version of the Group's Titanic VR experience.

Since its release, the Apollo 11 showcase VR experience has received a number of industry awards:

·     Viveport Developer Awards - 1st Place Explore Category - April 2017

·     Proto Awards, Hollywood - Best Educational Experience - October 2016

·     Unity Vision Summit, Hollywood - Best Film/Interactive Story - February 2016

·     VR Fest, Las Vegas - Best VR Animated Educational Film - January 2016

·     FIVARS, Toronto - Public Choice Award - October 2015

·     Time Warner, New York - Future of Storytelling - September 2015

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tony Hanway
2	Reason for the notification
a)	Position/status	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	VR Education Holdings plc
b)	LEI	213800ESSTWEXIN22767
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 of the financial instrument, type of instrument Identification code	VR Education Holdings plc ordinary shares of EUR0.001 each IE00BG0HDR01
b)	Nature of the transaction	Acquisition of 100,000 ordinary shares at 16p per share
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		16p	100,000
d)	Aggregated information - Aggregated volume - Price	100,000 16p
e)	Date of the transaction	2018-05-08
f)	Place of the transaction	London Stock Exchange (XLON)
g)	Additional Information	N/A

 

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