Issue of Equity

RNS Number : 8315C

Gaming Realms PLC

20 March 2014

 



Gaming Realms Plc

(the "Company" or the "Group")

Issue of Equity

Gaming Realms, the creator and developer of interactive next generation online gaming products, announces that is has conditionally raised approximately £690,000 through the proposed subscription of 3,000,000 new ordinary shares at 23 pence per share ("New Shares") with an existing shareholder (the "Subscription"). These funds will be used for additional working capital. The Subscription will represent 1.87% of the Company's enlarged share capital.

Pursuant to the Subscription, application has been made for the New Shares, which will rank pari passu in all respects with the Company's existing ordinary shares, to be admitted to trading on AIM ("Admission"). Admission is expected to be effective from 8.00 am on or around 26 March 2014.

Total Voting Rights

Following completion of the Subscription, Gaming Realms's total shares in issue will be 160,809,880 ordinary shares of 10 pence each. Gaming Realms holds no ordinary shares in Treasury. 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, Gaming Realms under the AIM Disclosure and Transparency Rules.

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Gaming Realms Group Patrick Southon, Chief Executive Officer	[phone]
Cenkos Securities (Nomad and Broker) Max Hartley (Nomad), Julian Morse (Sales)	[phone]
Bell Pottinger Olly Scott Charles Goodwin	[phone]

About Gaming Realms

Gaming Realms Limited is an online gaming business formed in 2012 to develop a new generation of social bingo and slot machine gaming concepts.

Gaming Realms was founded by the team behind Cashcade, which created the leading online bingo brand, Foxy Bingo, in addition to other online bingo and casino games. The success of Cashcade culminated in its sale to bwin.party digital entertainment plc for a total consideration of approximately £96 million in 2009.

 

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