Director/PDMR Shareholding
10 May 2018
VR Education Holdings plc (AIM: VRE; ESM: 6VR), a leading virtual reality ('VR') technology company focused on the education space, announces that on 8 May 2018 Tony Hanway, a Director, bought 100,000 ordinary shares in the Company at a price of 16 pence per share, representing 0.05% of the Company's issued share capital.
Prior to this purchase of shares, Tony Hanway held nil ordinary shares in the Company.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please contact
| VR Education Holdings plc David Whelan, CEO Sandra Whelan, COO |
Tel:+353 87 665 6708 [email protected] |
| Cairn Financial Advisers LLP(Nominated Adviser) James Caithie / Liam Murray / Richard Nash |
Tel: +44 (0) 20 7213 0880 |
| Shard Capital Partners LLP(Joint Broker) Damon Heath / Erik Woolgar |
Tel: +44 (0) 20 7186 9952 |
| Davy(Joint Broker & ESM Adviser) Fergal Meegan / Ronan Veale / Barry Murphy |
Tel: +353 1 679 7788 |
| Buchanan(UK Financial PR) Henry Harrison-Topham / Chris Lane / Tilly Abraham |
Tel: +44 (0)20 7466 5000 [email protected] |
| Wilson Hartnell(Irish Corporate PR) Peter O'Brien / Frans Van Cauwelaert |
Tel: +353 1 669 0030 peter.o'[email protected] [email protected] |
Notes to Editors
VR Education, together with its wholly owned subsidiary, is an early stage VR software and technology group based in Waterford, Ireland, dedicated to transforming the delivery methods of education and corporate training by utilising VR technologies to deliver fully immersive virtual learning experiences. The Group's core focus is the development and commercialisation of its online virtual social learning and presentation platform called ENGAGE, which provides a platform for creating, sharing and delivering proprietary and third-party VR content for educational and corporate training purposes.
In addition to the ongoing development of the ENGAGE platform, the Group has also built two downloadable showcase VR experiences, being the award-winning Apollo 11 VR experience and an early access version of the Group's Titanic VR experience.
Since its release, the Apollo 11 showcase VR experience has received a number of industry awards:
- Viveport Developer Awards - 1st Place Explore Category - April 2017
- Proto Awards, Hollywood - Best Educational Experience - October 2016
- Unity Vision Summit, Hollywood - Best Film/Interactive Story - February 2016
- VR Fest, Las Vegas - Best VR Animated Educational Film - January 2016
- FIVARS, Toronto - Public Choice Award - October 2015
- Time Warner, New York - Future of Storytelling - September 2015
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Tony Hanway | |
| 2 | Reason for the notification | ||
| a) | Position/status | Non-Executive Director | |
| b) | Initial notification /Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | VR Education Holdings plc | |
| b) | LEI | 213800ESSTWEXIN22767 | |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a) | Description of the financial instrument, type of instrument Identification code |
VR Education Holdings plc ordinary shares of EUR0.001 each IE00BG0HDR01 |
|
| b) | Nature of the transaction | Acquisition of 100,000 ordinary shares at 16p per share | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 16p | 100,000 | ||
| d) | Aggregated information - Aggregated volume - Price |
100,000 16p |
|
| e) | Date of the transaction | 2018-05-08 | |
| f) | Place of the transaction | London Stock Exchange (XLON) | |
| g) | Additional Information | N/A | |