REG - Gaming Realms PLC - Share Capital Reduction

Gaming RealmsAnnouncement

02/08/2024 17:00

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RNS Number : 0329Z  Gaming Realms PLC  02 August 2024

2 August 2024

 

Gaming Realms Plc

 

("Gaming Realms", the "Company" or the "Group")

 

Share Capital Reduction

The Company is pleased to announce that, following formal approval by the High
Court of Justice (the "Court") of the cancellation of the share premium
account of the Company and the reduction in the nominal value of each issued
fully paid-up ordinary share in the capital of the Company to £0.001 each
(the "Capital Reduction") on 16 July 2024, the order of the Court confirming
the Capital Reduction and statement of capital approved by the Court was
registered with the Registrar of Companies on 1 August 2024 and, following
their registration at Companies House, the Capital Reduction has become
effective to enable the Company, as it wishes, to pay Shareholders dividends
or to be used for other valid corporate purposes, such as the purchase of its
own shares. There is no present intention to undertake any dividend or share
buyback programme.

Details of the Capital Reduction are set out in the Company's notice of annual
general meeting published by the Company on 20 May 2024 (the "Notice"). The
Notice is available for inspection on the Company's website at
https://www.gamingrealms.com/investors/reports/. The Capital Reduction was
approved by Shareholders at a general meeting of the Company on 12 June 2024.

Following the Capital Reduction, the nominal value of each ordinary share in the Company is now £0.001. The number of ordinary shares of the Company in issue has not changed and consists of 294,826,444 ordinary shares.

 

 Gaming Realms plc                       0845 123 3773
 Michael Buckley, Executive Chairman

 Mark Segal, CEO

 Geoff Green, CFO
 Peel Hunt LLP - NOMAD and joint broker   020 7418 8900
 George Sellar

 Lalit Bose
 Investec - Joint broker                  020 7597 4000
 Ben Farrow

 Lydia Zychowska

 Yellow Jersey PR

                                         07747 788 221

 Charles Goodwin

 Annabelle Wills

 Bessie Elliot

 

About Gaming Realms

Gaming Realms creates and licenses innovative games for mobile, with
operations in the U.K., U.S., Canada and Malta. Through its unique IP and
brands, Gaming Realms is bringing together media, entertainment and gaming
assets in new game formats. As the creator of a variety of Slingo(TM), bingo,
slots and other games, we use our proprietary data platform to build and
engage global audiences. The Gaming Realms management team includes
accomplished entrepreneurs and experienced executives from a wide range of
leading gaming and media companies.

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