Director/PDMR Shareholding

RNS Number : 2165U

Gaming Realms PLC

27 July 2015

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Gaming Realms Plc

("Gaming Realms," the "Company" or the "Group")

Director/PDMR Shareholding

Gaming Realms, the creator and developer of interactive next generation online gaming products, announces that further to the announcement of a placing to raise approximately £12.5 million on 24 July 2015, the Company advises that, pursuant to placing letters entered into by certain executive directors (the "Executive Directors"), the Executive Directors have now committed to subscribe, in aggregate, for 2,485,578 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 26 pence per Ordinary Share, representing a premium of 1 pence per Ordinary Share to the Placing Price.  The expected holdings of the Executive Directors following admission of the new Ordinary Shares are set out below.

Director	Placing Shares	Shares held post Admission	% of enlarged  share  capital post Admission
Michael Buckley	1,923,077	19,923,077	8.13%
Patrick Southon	288,462	11,185,501	4.56%
Simon Collins	177,885	10,524,922	4.29%
Mark Segal	96,154	740,761	0.30%

The subscription for Placing Shares by the Executive Directors set out above constitutes a related party transaction under the AIM Rules. The Independent Directors of the Company consider, having consulted with Cenkos, that the terms of the transactions with the Directors set out above are fair and reasonable insofar as the Company's shareholders are concerned.

As a result of the subscription for Placing Shares by the Executive Directors, the total number of Placing Shares to be issued by the Company is expected to be 49,900,578 new Ordinary Shares. Following Admission, the Company will have 245,071,067 ordinary shares in issue with voting rights. This figure (245,071,067) may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Unless stated otherwise, the defined terms used in this announcement are as defined in the announcement by the Company on 24 July 2015 detailing the Placing and Acquisition.

- Ends -

For more information contact:

Gaming Realms Group Michael Buckley, Chairman c/o Bell Pottinger	[phone]
Cenkos Securities (Nomad and Joint Broker) Max Hartley (Nomad), Julian Morse (Sales)	[phone]
Whitman Howard Limited (Joint Broker) Niall Devins Ranald McGregor-Smith	[phone]
Bell Pottinger Olly Scott James Newman	[phone]

 

END

 

 

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