Business
First Day of Dealings
First Day of Dealings.
About this update from Engage Xr Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 2900H VR Education Holdings PLC 12 March 2018 \n\nVR Education Holdings plc / AIM: VRE; ESM: 6VR/ Sector: Technology\n12 March 2018\nVR Education Holdings plc ('VR Education' or the 'Group')\nFirst Day of Dealings on AIM and ESM\n \nVR Education Holdings plc, a leading virtual reality ('VR') technology company focused on the education space, is pleased to announce that today, its ordinary shares have, at 08.00 hours, commenced trading on AIM under the ticker VRE and on the ESM of the Irish Stock Exchange under the ticker 6VR ('Admission'). As part of the Admission process, the Company has raised £6 million before expenses, through an oversubscribed placing of 60,000,000 new ordinary shares at a placing price of 10p each, implying a market capitalisation of circa £19.3 million on Admission.\n \nShard Capital Partners LLP is Joint Broker to the Group, Cairn Financial Advisers LLP is acting as Nominated Adviser, while Davy is Joint Broker and acting as ESM Adviser.\n \nOverview\n· VR software and technology group focused on transforming the delivery and effectiveness of digital education and corporate training\n· £6 million (gross of expenses) raised to further develop virtual social learning and presentation platform, ENGAGE, advance its marketing strategy and produce new showcase VR content\n· ENGAGE, to be rolled out during 2018, allows educators and trainers to hold lessons, meetings and presentations in a safe, virtual, multi-user environment as well as create pre-recorded or live content\n· Current early revenues from showcase VR experiences including award-winning Apollo 11 VR and Titanic VR\n· Blue-chip partners include Oxford University, the Royal College of Surgeons in Ireland and the BBC\n· Strong market dynamics with rapidly increasing use of VR as well as Augmented and Mixed Reality\n· Highly experienced and successful management team\n \nDavid Whelan, CEO, said, \"The VR/AR market is growing at a fast rate; as hardware becomes more affordable, this growth will undoubtedly gain further traction and we are at the forefront of this. \n \n\"As a VR software and technology group operating in the nic...