Business
£8.8 million Placing
£8.8 million Placing.
About this update from Engage Xr Holdings Plc
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDIX, AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n \n \n \n \n This announcement is released by ENGAGE XR Holdings plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (\"EU MAR\") and for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"UK MAR\"), and is disclosed in accordance with the company's obligations under Article 17 of EU MAR and Article 17 of UK MAR.\n \n \n \n \n \n \n \n \n 6 February 2023\n \n \n \n \n \n \n \n \n \n ENGAGE XR Holdings plc\n \n \n \n \n \n \n \n \n \n (\"ENGAGE XR\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n £8.8 million Placing\n \n \n \n \n \n \n \n \n \n \n \n \n \n ENGAGE XR, the virtual reality technology company focused on becoming a leading global provider of virtual communications solutions through ENGAGE, is pleased to announce the successful completion of an oversubscribed placing of new Ordinary Shares (the \"Placing\") following the announcement released earlier this morning (the \"Fundraising Announcement\").\n \n \n \n \n \n The definitions referenced in this announcement have the same meanings given to them in the Fundraising Announcement unless otherwise stated.\n \n \n \n \n \n A total of 219,879,015 new Ordinary Shares of €0.001 each in the capital of the Company (the \"Placing Shares\") have been placed by Davy, finnCap and Shard at a price of 4 pence per Placing Share, raising gross proceeds of approximately £8.8 million or €9.9 million (before expenses). The Placing Shares represent approximately 75.7% of the Company's issued ordinary share capital immediately prior to the Placing.\n \n \n \n \n \n The Placing is conditional on, inter alia, the passing of the Resolutions at the EGM of the Company to be held on 3 March 2023.\n \n \n \n \n \n The Placing Shares...