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VR Education Holdings Plc


Offer details
Expected size of offer (M): 6m
Expected first date of trading: 12/03/2018
Market: AIM
Location of address at which admission document will be available: www.vreducationholdings.com The admission document will contain full details about the applicant and the admission of its securities
Date at which admission document will be available: -

Advisors
Sponsor: -
Nominated Advisor (AIM Companies): Cairn Financial Advisers LLP
Nominated Broker (AIM Companies): J & E Davy and Shard Capital Partners LLP

Company details
Name Role
Richard Quentin Mortimer Cooper Chairman and Non-Executive Director
David Patrick Whelan Chief Executive Officer
Sandra Margaret Whelan Chief Operating Officer
Sťamus Patrick Larrissey Finance Director
Michael ("Mike") Joseph Boyce Non-Executive Director
Anthony ("Tony") Christopher Hanway Non-Executive Director

Facts and Figures
Fiscal year end: 31 December
Incorporated in: Ireland
Website URL: www.vreducationholdings.com
space
Description of business:
From Admission, the Company will be the holding company for Immersive VR Education Limited ("IVRE"), a virtual reality ("VR") software and technology company (together the "Group"), dedicated to transforming the delivery methods of education and corporate training by utilising VR technologies to deliver immersive virtual experiences. The Group's core focus is the development and commercialisation ...

Person(s) interested:
The existing investors in IVRE are to be issued shares in the Company, conditional on Admission, as part of an irrevocable share swap agreement. The respective shareholdings upon completion of the share swap agreement and prior to the proposed placing are disclosed below. Shareholder Pre Admission1 % Post Admission % David Whelan 29.0% 20.0% Sandra Whelan 29.0% 20.0% Enterprise Ireland 14.3% 9.8% Kernel Seed Fund 2009 Limited 9.9% 6.8% Suir Valley Funds ICAV2 8.7% 7.2% Barry Downes2 9.0% 6.8% Octopus Investments Nominees Ltd (VCT) nil 10.7% Unicorn AIM VCT plc nil 8.2% 1 On Admission the Company will become the holding company of IVRE pursuant to an irrevocable share swap arrangement with the existing investors in IVRE. This column assumes that this share swap has occurred. 2 Barry Downes' holding includes ordinary shares held through Telecommunications Research Consulting Partners Limited, a company controlled by Barry Downes. Barry Downes is also a director of Suir Valley Funds ICAV and a partner of Shard Capital AIFM LLP which manages Suir Valley Funds ICAV and is part of the Shard Capital Partners group (which includes the Company's joint broker, Shard Capital Partners LLP).


VR Education Holdings Plc

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