Subscription

RNS Number : 6730Z

Gaming Realms PLC

12 December 2014

 



Gaming Realms plc

(the "Company" or the "Group")

Proposed subscription to raise £400,000

Gaming Realms, the creator and developer of interactive next generation online gaming products, is pleased to announce that it has conditionally raised approximately £400,000, before expenses, through a proposed subscription of 1,212,121 new ordinary shares of 10 pence each ("Subscription Shares") at a price of 33 pence per share (the "Subscription Price") ("the Subscription"). The proceeds of the Subscription will be used to support the ongoing development and expansion of the business.

The Subscription is conditional, inter alia, on Admission becoming effective.

Application for Admission of the Subscription Shares will be made to AIM and it is expected that Admission will become effective on or around 17 December 2014 and that dealings in the Subscription Shares will commence at that time.

The Subscription Shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after Admission, and will otherwise rank on Admission pari passu in all respects with the Existing Ordinary Shares. The Subscription Shares are not, and will not, be offered or sold in any jurisdiction where it would be unlawful to do so.

Total Voting Rights

Following completion of the Subscription, Gaming Realms' total shares in issue will be 195,170,489 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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For more information contact:

Gaming Realms Patrick Southon, Chief Executive Mark Segal, Chief Financial Officer	[phone]
Cenkos Securities (Nominated Adviser and Broker) Max Hartley/Michael Johnson	[phone]
Bell Pottinger Olly Scott James Newman	[phone]

About Gaming Realms

Gaming Realms 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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