Exercise of Options

RNS Number : 5099R

Engage XR Holdings PLC

05 November 2021

 

5 November 2021

ENGAGE XR Holdings plc

('ENGAGE' or the 'Company')

Exercise of Options

ENGAGE (AIM: EXR; Euronext Growth: EXR), a leading virtual reality ('VR') technology company focused on the education and enterprise training space, announces that it has received notification for the exercise of options over 350,000 ordinary shares in the Company at an exercise price of €0.026 (2.2 pence) per share providing the Company with gross proceeds of €9,100.00 ("Option Exercise").

Application will be made to the London Stock Exchange and to Euronext Growth Dublin to admit the 350,000 new ordinary shares resulting from the Option Exercise to trading on AIM and Euronext Growth Dublin respectively.  Admission of the new ordinary shares is expected to occur on or around 10 November 2021.  The new ordinary shares will rank pari passu with the existing ordinary shares.

For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 290,451,146 ordinary shares of €0.001 each. 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, the Company, under the Disclosure and Transparency Rules.

The Directors of the Company take responsibility for this announcement. This announcement contains inside information for the purposes of the UK Market Abuse Regulation.

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For further information, please contact:

ENGAGE XR Holdings plc Richard Cooper, Chairman David Whelan, CEO Sandra Whelan, COO	Tel: [phone] [e-mail]
Cairn Financial Advisers LLP (Nominated Adviser) James Caithie / Liam Murray / Ludovico Lazzaretti	Tel: [phone]
Shard Capital Partners LLP (Joint Broker) Damon Heath / Erik Woolgar	Tel: [phone]
Davy (Joint Broker & Euronext Growth Advisor) Barry Murphy / Lauren O'Sullivan / Oisin Morgan	Tel: [phone]
SEC Newgate (Financial PR) Elisabeth Cowell / Robin Tozer / Isabelle Smurfit	Tel: [phone] [e-mail]

Notes to Editors

ENGAGE is a virtual reality ('VR') technology company focused on becoming a leading global provider of virtual communications solutions through its proprietary software platform, ENGAGE, ENGAGE provides users with a platform for creating, sharing, and delivering VR content for education, training, and online events through its three solutions: Virtual Campus, Virtual Office, and Virtual Events. 

ENGAGE is listed on AIM in London and on the Enterprise Securities Market, a market regulated by Euronext Dublin.  For further information, please visit:  www.engagexrholdings.com .

 

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